We recommend

Aliyev case: Co-accused released from pr…

Aliyev case: Co-accused released from pre-trial custody over dubious testimony

Two Kazakhs who were co-accused along with Rakhat Aliyev over the murder of two bankers in 2007 have been released from pre-trial detention after an Austrian judge found inconsistencies and...

Alijew-Prozess: Berufsrichter sehen kein…

Alijew-Prozess: Berufsrichter sehen keinen Tatverdacht mehr

Die beiden Angeklagten im Mordverfahren um den Tod zweier kasachischer Bankmanager wurden vom vorsitzenden Richter überraschend enthaftet. Wien – Einen Knalleffekt brachte am Mittwoch der Alijew-Prozess: Andreas Böhm, Vorsitzender des Geschworenengerichts...

In the Press

Glitzy Facade Hides Azerbaijan's Dark Re…

Glitzy Facade Hides Azerbaijan's Dark Reality

Last week, during the lavish opening ceremony of Azerbaijan's European Games, Lady Gaga performed a unique, haunting rendition of John Lennon's "Imagine." The organizers behind the Games reportedly splurged $2...

Zeuge: Aliyev vergewaltigte Banker

Zeuge: Aliyev vergewaltigte Banker

Aliyev soll Misshandlung Spaß bereitet haben: "Er hat gelacht, Scherze gemacht". Im Prozess um die Entführung und Ermordung der kasachischen Banker Zholdas Timraliyev und Aybar Khasenov ist am Mittwoch im Wiener...

In Detail

Kazakh resistance to ex-Soviet devaluati…

Kazakh resistance to ex-Soviet devaluation wave damaging economy

Facing early elections, Kazakhstan has been steadfast in refusing to devalue the tenge but the dangers of an over-valued currency are already evident and may ultimately force official action. Kazakhstan's biggest...

Kazakh Fund Says FX Sales Alone Won’t Sh…

Kazakh Fund Says FX Sales Alone Won’t Shore Up Tenge

Kazakhstan's sovereign wealth fund, which controls oil producer KazMunaiGaz and the nation's rail monopoly, said selling its companies' foreign-currency earnings alone won't stave off pressure on the tenge to decline.        

In Focus

Compass Group subsidiary 'paid bribes to Kazakhstan customs officials'

Compass Group subsidiary 'paid bribes to Kazakhstan customs officials'

Internal documents seen by the Guardian suggest the UK catering giant’s Kazakh unit made ‘facilitation payments’ for an unspecified period up to 2011.  An international subsidiary of Compass Group, the British catering giant that supplies more than 1,500 UK primary schools and 30 NHS Trusts...

UN Envoy Urges Kazakhstan To Lift Curbs on Civil Liberties

UN Envoy Urges Kazakhstan To Lift Curbs on Civil Liberties

Astana places severe restrictions on civil liberties, including freedom of expression, conscience, and assembly, a United Nations rapporteur says in a report published following a visit to Kazakhstan earlier this year.      

neft_3The second phase of development of the Kashagan oil field has been postponed until 2018-2019, local newswires reported on Thursday, citing the chief executive of Kazakh oil and gas company KazMunaiGas.

"The group of six Kashagan participants on July 27 informed the [Kazakh] Oil and Gas Minister that the time frame for Phase II at the Kashagan field was being put back to 2018-2019," Kabyldin was quoted as saying by Interfax.

The delay would also affect the start of the [1] Kazakh Caspian Transport System (KCTS), designed to carry Kazakh oil across the Caspian to Azerbaijan and on to foreign markets, according to Kabyldin.

The consortium of oil companies developing the giant offshore field did not immediately comment and declined to confirm the delay.

Commercial production at the [2] Kashagan field is expected to begin in 2012. Production will reach 1 million barrels a day during the second phase of development and will peak at 1.5 million barrels a day during the third phase.

Kashagan is the largest oil field discovered in the last 30 years with recoverable oil reserves are estimated at a minimum of 7-9 billion barrels and the total oil in-place at 38 billion barrels.

Kashagan is being developed by the North Caspian Operating Company consortium, which is also developing the adjoining Kairan, Aktoty and Kalamkas oil fields. The consortium includes Eni, Royal Dutch Shell Plc, ExxonMobil Corp, Total, KazMunaiGas (all with a 16.81 percent stake), ConocoPhillips (8.4 percent) and Inpex Holdings Inc (7.56 percent).


Support Freedom of speech! Share this post!

Submit to DeliciousSubmit to DiggSubmit to FacebookSubmit to Google BookmarksSubmit to StumbleuponSubmit to TechnoratiSubmit to TwitterSubmit to LinkedIn


Copyright © 1997-2015 IAC EURASIA-Internet. All Rights Reserved.
EWS 9 Wimpole Street London W1G 9SR United Kingdom