Contents tagged with Kazakhstan

  • Russia to pay Kazakhstan $76 million for 'dirty' oil

    The Russian state-owned company Transneft will pay a compensation of about $76 million to the Kazakh national oil transporter KazTransOil for contaminated oil, reports Deutsche Welle news agency.

    "Loss of quality, downtime, and storage are included in the amount of compensation," - said one of the sources of Bloomberg. A formal agreement between the two operators has not yet been signed. Earlier, Reuters reported that Russia will pay Kazakhstan a fixed amount for contaminated oil.

    According …

  • Kazakhstan’s economic growth 6 times faster than Russia’s

    Kazakhstan’s economy is reaffirming its status as one of the fastest growing economies not only among former Soviet states, but even in all of Central Asia, reports.

    Amid the launch of the country’s largest oil field, Kashagan, and a boom in uranium mining, in which Kazakhstan has been number one in the world for seven years, the country’s GDP has been growing nearly six times faster than Russia’s.

    At the end of January-May, government statistics placed the country’s economic growth …

  • Kazakhstan suspends liquefied gas supplies to Ukraine

    Kazakhstan company Tengizchevroil (TCO) stopped the supply of liquefied gas in the direction of Ukraine, reports enkorr information resource, citing several sources in the Ukrainian companies, holders of Term Contracts with Tengizchevroil.

    According to the sources, the Kazakh trader is afraid of potential problems with the passage of wagons through the Russian-Ukrainian border due to Russian sanctions against Ukraine that enter into force on June 1.

    "There is no permission to cross the …

  • Ukrainian President holds phone conversation with former president of Kazakhstan Nazarbayev

    President of Ukraine, Petro Poroshenko, had a telephone conversation with the first president of Kazakhstan, Nursultan Nazarbayev, reads the report published on Ukrainian President's website.

    Poroshenko acknowledged Nazarbayev’s significant personal contribution to the establishment and development of Ukraine- Kazakhstan relations.

    "The interlocutors expressed confidence in further strengthening mutually beneficial cooperation based on friendship and respect between both countries and nations, …

  • Kremlin: Nazarbayev called Putin before resignation

    The press secretary of Russian President Putin, Dmitry Peskov, in an interview with the program “Moscow. Kremlin.Putin” on the channel Russia 1 announced that the former president of Kazakhstan, Nursultan Nazarbayev, had a telephone conversation with Putin a few hours before his official resignation.

    “Nursultan Abishevich called himself. Actually, they often call each other up as needed. It has always been like this in recent years. He called a couple of hours before the announcement,” Peskov …

  • Kazakhstan raises the price for Russian oil transit to China

    Kazakhstan has increased the cost of oil transportation from Russian through Kazakhstan to China by a third, reported with reference to the press service of the KazTransOil JSC.

    “By the order of the Minister of Energy of the Republic of Kazakhstan, Kazakhstan approved the cost of transportation of oil amounting to 10 million tons per year along the Russian border - the border of Kazakhstan (Priirtyshsk) – Atasu (Kazakhstan) - Alashankou (China) route. The transportation of one …

  • Putin extends restrictions on transit of Ukrainian goods to Kazakhstan and Kyrgyzstan

    Russian President Vladimir Putin amended the decree from January 1, 2016 "On Measures to ensure economic security and national interests of Russia during the transit of goods from Ukraine to the Republic of Kazakhstan or the Kyrgyz Republic through the territory of the Russian Federation." He extended it for half a year, until July 1, 2019,  the Russia’s government website of legal information. 

    The decree entered into force on December 31, 2018. It stipulates that inter-country transportation …

  • Kazakhstan explains why Musk’s rockets are better than Russia’s

    The first two Kazakhstani scientific satellites will be launched using a Falcon-9 launch rocket developed by Elon Musk’s company SpaceX, because this will be cheaper than launching using a Russian rocket, said Aset Nurkenov, spokesperson for the Kazakhstani Ministry of Defense and the Aerospace Industry, as quoted by Interfax. He noted that in future, Kazakhstan may launch “space apparatus of such a configuration” from its Baikonur Cosmodrome using Soyuz and Proton rockets.

    “This time we are …

  • Five countries sign convention on legal status of Caspian Sea

    The leaders of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan, the five countries bordering on the Caspian Sea, have signed a convention on the legal status of this sea which determines the general principles of its allocation, but does not contain specific data.

    The convention aims to resolve the disputes between these countries, which have been under discussion for more than two decades.

    Russian President Vladimir Putin said that resolving the legal status of the Caspian “will create …

  • President of Kazakhstan announces ‘historic decision’ on the Caspian Sea

    President of Kazakhstan Nursultan Nazarbayev said during the presentation of infrastructure of the Caspian port Kuryk that the adoption of the Convention on the Caspian Sea's Legal Status would be a historic decision. The Convention is expected to be signed at the summit which begins on August 12, Tengri News reports.

    Nazarbayev said, “Over the past 20 years, we have been conducting very difficult negotiations, coordinated our positions to resolve all issues of our joint work on the Caspian …