New oilfield discovered in Kazakhstan

NUR-SULTAN, Kazakhstan – A fountain oil flow fountain appeared during geological exploration at the Bekturly Vostochny exploration block in the Mangistau region in western Kazakhstan, Kazakhstan’s state oil and gas KazMunayGas (KMG) said on June 23.The fountain oil inflow erupts at a rate of up to 100 cubic metres per day and was obtained according to the results of high-tech seismic...

Kazakhstan regains full control of power station from Russia

NUR-SULTAN, Kazakhstan – Samruk-Kazyna National Welfare Fund has acquired a 50% stake in Ekibastuz State District Power Station-2 JSC, the largest power plant in northern Kazakhstan, Managing Director Almasadam Satkaliev told a briefing on 12 December. Samruk-Kazyna announced the completion of a deal to acquire a stake in Ekibastuz GRES-2 from the Russian company Inter RAO. Two years ago,...

#BaiterekHolding creates favourable investment climate, suggests ways to minimize risks in #Kazakhstan market

Baiterek National Managing Holding attracts investments by ensuring support to foreign investors from the initial stages of project development through implementation, Baiterek Chair Aidar Arifkhanov told The Astana Times in an exclusive interview, writes Aidana Yergaliyeva. Baiterek Chair Aidar Arifkhanov Baiterek is the Kazakh government’s key financial agent responsible for the country’s...