KazMunayGas, ConocoPhillips and Mubadala Announce Signing of Project Agreements for Exploration and Development of N Block, Offshore Kazakhstan

ConocoPhillips [NYSE: COP], JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the Nursultan Block (N Block) located in offshore Kazakhstan.

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KazMunayGas, ConocoPhillips and Mubadala Announce Signing of Project Agreements for Exploration and Development of N Block, Offshore Kazakhstan

ConocoPhillips [NYSE: COP], JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the Nursultan Block (N Block) located in offshore Kazakhstan.

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Samruk-Kazyna becomes Kazakhstan’s internal investor: so says Kelimbetov

Samruk-Kazyna becomes Kazakhstan’s internal investor: so says KelimbetovKairat Kelimbetov, the Chairman of the Board of Samruk-Kazyna National Welfare Fund, at a press conference with Kazakh and foreign media, discussed the effects of the economic crisis on Kazakhstan’s oil-dependent economy.

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Cisco and Kazakhtelecom Collaborate to Foster Technology Development in Kazakhstan

Cisco and Kazakhtelecom Collaborate to Foster Technology Development in KazakhstanCisco and JSC Kazakhtelecom (Kazakhtelecom) today announced that they are extending their cooperation and work on a number of new initiatives. These will be designed to help Kazakhtelecom develop new, integrated services for its private, institutional and enterprise customers, both within Kazakhstan and internationally.

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Moody’s unifies Kazakhstan’s government ratings at Baa2, outlook negative

Moody’s Investors Service has downgraded Kazakhstan’s local currency government rating to Baa2 from Baa1, the same as its foreign currency rating, and changed the outlook to negative. The rating action reflects continuing fragility in the Kazakh banking system because of its large short-term foreign currency debt obligations.

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