• KZT/USD = 0.00223
  • TJS/USD = 0.10810
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10810
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10810
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10810
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10810
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10810
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10810
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
  • KZT/USD = 0.00223
  • TJS/USD = 0.10810
  • UZS/USD = 0.00009
  • TMT/USD = 0.29850
22 September 2026

Viewing results 1 - 6 of 141

Huizenga Warns Kyiv Further Strikes on CPC “Will Not Be Tolerated”

The House Foreign Affairs subcommittee chair invoked nearly $200 billion in U.S. support as attacks around Kazakhstan’s principal oil-export route forced production cuts and sharpened questions about Europe’s response. Representative Bill Huizenga has warned that further strikes affecting the Caspian Pipeline Consortium terminal will not be tolerated, explicitly linking Ukraine’s obligation to protect legitimate allied energy exports with the scale of American support for Kyiv. Huizenga, a Michigan Republican who chairs the House Foreign Affairs Subcommittee on South and Central Asia, was asked by The Times of Central Asia what immediate diplomatic steps the administration should take to safeguard Kazakhstan’s principal oil-export route and civilian vessels carrying its crude. He responded: “The Administration must be clear with the Ukrainians: Targeting the CPC Terminal poses a risk not only to civilians, but also to US interests. Ukraine has an obligation to steer clear of any legitimate allied energy exports and infrastructure that contributes to global energy security and economic stability. The generosity of the American people, nearly $200 billion in direct support to the Government of Ukraine, is not charity. Further strikes will not be tolerated.” Huizenga was warning that U.S. support for Ukraine is not unconditional. By linking American aid to Ukraine’s duty to avoid striking allied energy infrastructure, he signaled that further attacks on vital facilities like the CPC terminal could put that support at risk. American support, as Huizenga framed it, comes with obligations. A government receiving aid on this scale cannot repeatedly disregard safeguards protecting U.S. interests, allied energy exports, and civilian shipping without jeopardizing that support. The U.S. Ukraine Oversight tracker currently lists total appropriations for Operation Atlantic Resolve and broader Ukraine assistance at $195 billion — a figure that includes military replenishment and other U.S. costs beyond direct transfers to Kyiv. Washington Had Already Drawn the Boundary Huizenga’s intervention follows two earlier warnings from the administration. In February, Ukraine’s ambassador to the United States, Olha Stefanishyna, acknowledged that the State Department had delivered a formal démarche after a Ukrainian attack on Novorossiysk affected American and Kazakh economic interests. Stefanishyna said the communication was directed at the harm caused to those interests rather than Ukraine’s campaign against Russian military and energy infrastructure more broadly. Ukraine, she said, had taken note of the message. The same distinction emerged again on July 21. The Wall Street Journal reported that the Trump administration had urged Kyiv to curb attacks on non-Russian vessels following four strikes in four days on tankers serving the CPC terminal. The warning drew a boundary around foreign commercial shipping and third-country trade without calling on Ukraine to abandon its broader campaign against Russian targets. Huizenga has now carried that position further. The State Department communicated the boundary privately in February, and the White House reiterated it in July. By invoking the scale of American assistance and warning that further strikes would not be tolerated, Huizenga made clear that continued violations could place U.S. support at risk. The latest disruption also continued after the White House...

Resources, Capacity, Connectivity: Kazakhstan and the Critical Minerals Nexus

Kazakhstan’s place in diversified critical mineral supply chains rests on an unusual combination: a broad resource base, an established mining and metallurgical sector, and transport infrastructure extending across Eurasia. The task is to make these assets work together. Their strategic value depends on converting resources into financeable projects, existing capacity into internationally qualified products, and geographic connectivity into contractually reliable delivery. Kazakhstan approaches this task with an established industrial base. The world’s leading uranium producer, it also has production or processing capabilities in chromite and ferroalloys, titanium sponge, copper, zinc, aluminum, beryllium, molybdenum, rhenium, and other strategic materials.  Much of that base was established during the Soviet period and extends beyond mines and plants to freight rail and experienced technical personnel. These assets reduce the burden of greenfield development for projects able to use them economically. By joining the U.S.-led Pax Silica initiative in June 2026 as its first Central Asian participant, Kazakhstan brought these questions into a wider strategic setting. Pax Silica connects critical minerals and energy to an industrial agenda extending from semiconductor production to artificial-intelligence infrastructure. Membership creates an institutional opening for higher-value processing and technology cooperation. For Kazakhstan, the opportunity is to retain more value domestically through technology transfer, skilled employment, and a broader range of processed exports. From Resources to Financeable Projects Mineral abundance makes projects possible but not automatically bankable. Current drilling and internationally recognized resource statements must first establish the size, grade, and confidence level of the resource. Feasibility work must then show that it can be developed, and permits must authorize development. The project must still secure an off-taker and financing able to withstand commodity and construction risk. Predictable permitting and clear ownership help lenders assess risk. Traceability is important to lenders and buyers alike. Kazakhstan has begun to make its geological information more usable. More than 4.6 million primary geological records have been digitized. In 2025, the country also developed 20 projects for detailed 1:50,000 surveys covering 100,000 square kilometers; the government plans approximately $470 million in exploration spending during 2026–28. Digitization can open inherited records, but surveys and spending acquire commercial relevance only through completed fieldwork and usable results. Those results must then support economically recoverable reserves and financeable projects. Bankability also depends on the institutions through which capital is raised and transactions governed. The Kazakhstan Stock Exchange and Astana International Exchange give issuers access to investors. The Astana International Financial Centre operates under a legal framework based on common law and has a separate court. Parties may also agree to international arbitration. Kazatomprom’s initial public offering in London and Astana demonstrated access to global capital for a mature national producer. Glencore’s controlling stake in Kazzinc and production by Central Asia Metals at Kounrad since 2012 provide evidence of sustained foreign participation. Taken together, these cases show that Kazakhstan’s system can support substantial transactions and long-term partnerships. Still, each new venture must establish its own economics under commodity and construction risk. From Industrial Capacity to Qualified Products The OECD identifies...

CPC Reportedly Stops Accepting Kazakh Oil as Storage Tanks Reach Capacity After Tanker Attacks

Citing three industry sources, on July 21 Reuters said the Caspian Pipeline Consortium had stopped accepting crude from Kazakhstan after tanker attacks halted Black Sea loadings. Two of the sources said the terminal's storage tanks were full. CPC has so far declined to comment. The stoppage marks a sharper disruption than the loading suspension announced on July 20. LSEG ship-tracking data showed that at least two tankers due to collect crude changed direction. Chevron owns 15% of CPC, while ExxonMobil is also a shareholder through Mobil Caspian Pipeline Company. Chevron told Reuters that "Chevron continues to monitor the situation at CPC. The safety and security of personnel remain our top priority." ASIA was one of the tankers struck before loadings were suspended. It was hit on July 19 while loading Tengizchevroil crude at the CPC terminal. Following the attack on ASIA, a Chevron spokesperson told The Times of Central Asia: “Chevron is aware of reports of an incident involving a vessel loading at Caspian Pipeline Consortium facilities near Novorossiysk. All crew are safe, and the vessel remains stable. The vessel has been moved to a safe anchorage, and we are coordinating with the ship operator and relevant authorities. There has been no impact to TCO operations or exports. Further questions regarding CPC operations should be directed to CPC.” As of early July 22, no producer had announced new output cuts in response to the CPC halt. The intake stoppage nevertheless removes the main export outlet for crude from Tengiz, Kashagan, and Karachaganak. The 1,510-kilometer pipeline carries oil from western Kazakhstan to the terminal near Novorossiysk. Terminal tanks normally buffer crude flows before tankers load offshore, but once they are full, the system has little room to receive additional oil. A prolonged shutdown could force producers to reduce output. Kazakhstan has not confirmed such reductions. CPC oil supplies fell 7% from May to 1.699 million barrels a day in June. Reuters linked the fall to a late-May accident at Tengiz and lower Russian volumes. The route handles about 80% of Kazakhstan's oil exports and almost 2% of global oil supply. The latest halt followed attacks on four tankers over four days. Nordic Zenith was hit on July 17 while approaching the terminal empty. ASIA and NISSOS IOS were struck on July 19 while loading Kazakh crude. NISSOS IOS was loading crude from Kashagan B.V. and Maten. Loadings briefly resumed that evening. A drone then struck NELSA at SPM-1 on July 20. A fire broke out on deck and in several compartments. CPC evacuated 20 of the ship's 22 crew members by tugboat, while the captain and chief officer remained aboard. The tanker stayed afloat; no casualties or oil spill were recorded, and the crude in its cargo tanks did not ignite. The NELSA was carrying Russian Urals crude, according to S&P Global shipping data. CPC then suspended oil loading. Kazakhstan's Energy Ministry said it remained in contact with the consortium while specialists assessed the vessel and the consequences of the strike....

Kyrgyzstan Signs $25 Million Deal for Kochkor-Ata Oil Refinery

Kyrgyzstan has signed a $25 million investment agreement for a new oil refinery in Kochkor-Ata, in the southern Jalal-Abad Region, as the country seeks to expand domestic production and reduce its heavy dependence on imported fuel. The agreement between the Cabinet of Ministers and Central Asian Energy LLC covers the construction and operation of the refinery. It was signed on July 20 by Minister of Economy and Commerce Bakyt Sydykov and the company’s general director, Shao Peipei. The plant is expected to have a planned annual output of 450,000 tons of petroleum products and create at least 300 jobs. The agreement stipulates that Kyrgyz citizens should account for at least 90% of its workforce. Sydykov said the project would support industrial development, create jobs, introduce modern technology, and strengthen Kyrgyzstan’s energy security. Shao said the company would invest $25 million under the agreement. The investor said the plant would produce gasoline and diesel in the K-5 and K-6 environmental classes, as well as bitumen and motor oils. The reference to K-6 is unclear because current Eurasian Economic Union fuel regulations classify motor fuels only through K-5. The Ministry of Economy and Commerce said construction was already underway and that the project’s first phase was expected to enter operation by the end of 2026. The ministry did not disclose the source of crude oil or explain whether the $25 million represents the refinery’s full cost, the investment covered by the agreement, or funding for its initial phase. The agreement comes as Kyrgyzstan faces renewed pressure from disruptions in the Russian fuel market. Deputy Energy Minister Nasipbek Kerimov said in early July that Kyrgyzstan consumes approximately two million tons of fuel and lubricants annually and receives almost 95% of that volume from Russia. He said Russian deliveries had declined slightly but that the country still had sufficient reserves. Russia has tightened fuel exports after Ukrainian drone attacks forced several major refineries to halt or reduce production. Gasoline output fell to about 65% of seasonal demand, according to Reuters calculations published on July 10. Kyrgyzstan receives Russian petroleum products duty-free under annual indicative balances within the Eurasian Economic Union. The disruption has highlighted the risks of relying overwhelmingly on one supplier. Kyrgyzstan is also modernizing its two largest existing refineries. The Kyrgyz Petroleum Company refinery in Manas, formerly Jalal-Abad, can process 500,000 tons of crude oil annually. It is undergoing a $410 million modernization project that is expected to be completed by the end of 2027. The upgraded plant is intended to produce AI-92 and AI-95 gasoline meeting K-4 and K-5 Eurasian Economic Union standards. The Junda refinery in Kara-Balta has an annual processing capacity of 800,000 tons. A $193.75 million modernization project is scheduled for completion by July 31, 2026. The work is intended to increase refining depth, improve efficiency, and expand domestic fuel production. Whether the new refinery reduces import dependence will depend largely on where it obtains crude oil. Kyrgyzstan’s limited domestic production means the plant could still rely on...

Extreme Heat Buckles Roads and Strains Power Grids Across Central Asia

Extreme heat across Central Asia in mid-July has buckled concrete highways, pushed electricity demand to record levels, and increased pressure on power grids and ambulance services. Kazakhstan reported road deformation and repeated failures in Almaty, Uzbekistan set consumption and generation records, Kyrgyzstan introduced temporary cuts to protect equipment, and residents in Tajikistan reported local disruptions. Temperatures above 40°C are common in parts of the region, but prolonged heat can strain several systems at once. Demand for cooling rises, road surfaces reach damaging temperatures, and health risks increase. The World Bank says much of Central Asia’s infrastructure was built in the mid-20th century and is overdue for renewal. Kazakhstan’s Roads and Power Networks Struggle Almaty recorded daily temperature highs on three consecutive days. The temperature reached 38°C on July 16, 39.2°C on July 17, and 40°C on July 18. The city’s July record remains 43.4°C, set in 1983. The heat also damaged Kazakhstan’s road network. KazAvtoZhol found temperature-related deformation on six highway sections in the Zhambyl, Pavlodar, and Turkestan regions. The national road operator said concrete surfaces can reach 60 to 70°C, and sometimes higher, during extreme weather. The resulting internal stress can deform concrete slabs. More than 50 workers repaired the affected sections, and traffic continued without restrictions. Road crews were monitoring more than 1,600 kilometers of concrete highway. Almaty’s ambulance service received more than 33,600 calls during the first two weeks of July. Medical officials said many involved sudden spikes in blood pressure and cardiovascular conditions, including coronary heart disease and acute heart attacks. Stroke patients were taken to hospital. Officials advised residents to avoid direct sunlight between 11 a.m. and 5 p.m., drink sufficient fluids, and seek medical help if their condition deteriorated. The city’s electricity network has faced record electricity demand between July 17 and 20 as residents increased their use of air conditioners and other appliances. The Alatau Zharyk Company said technical failures occurred in several districts, sometimes followed by faults on neighboring sections of the network. Thirty-five repair crews were deployed around the clock. The pressure extended beyond Almaty. Kazakhstan consumed 338.66 million kilowatt-hours of electricity on July 14, while domestic generation totaled 314.27 million kilowatt-hours, according to KOREM electricity data. Consumption also exceeded generation on each of the previous three days. Kazakhstan has historically covered such shortfalls through electricity imports, principally from Russia. Record Electricity Demand in Uzbekistan Uzbekistan’s Ministry of Energy warned on July 13 that daily electricity consumption could reach a summer record of 280 million kilowatt-hours, with peak demand rising to between 13 and 13.3 gigawatts. Demand subsequently exceeded that forecast. On July 18, consumption reached 294.4 million kilowatt-hours, 8% above the previous summer record. Peak evening demand rose to 13.7 gigawatts. Power plants produced a record 297.1 million kilowatt-hours on the same day. Despite the increase in production, technical faults caused temporary outages in several districts of Tashkent. At different times, the disruptions affected between several hundred and 2,700 consumers, according to the Ministry of Energy. Supplies were later restored....

Ukraine Says No Evidence of Role in Attacks on Tankers Loading Kazakh Oil: Statement in Full

The Times of Central Asia has reported on drone attacks against tankers serving the Caspian Pipeline Consortium’s Black Sea terminal, including vessels loading Kazakh crude. Kazakhstan condemned the attacks on July 17 and 19 and called for an immediate halt. A fourth tanker, NELSA, was struck while loading on July 20. TCA asked Victor Mayko, Ukraine’s ambassador to Kazakhstan, to respond. His statement is published below in full. “Ukraine understands the concerns of the Kazakhstani side regarding the incidents that occurred on July 17 and 19 involving tankers loading Kazakhstani oil through the Caspian Pipeline Consortium’s marine terminals in the waters of the Port of Novorossiysk. Let me put it this way—we understand and share these concerns. “At the same time, I am convinced that any conclusions must be based solely on verified facts. As of today, there is no evidence whatsoever that the attacks in question were carried out by the Ukrainian side. Therefore, I ask that you refrain from making hasty and unfounded accusations, whether direct or indirect, against Ukraine. “I would like to point out that the relevant Ukrainian authorities very recently warned of the possibility of Russian provocations, including those involving the use of Ukrainian drones. We have informed our international partners that Russia is actively employing various tactics: Russian electronic warfare systems are capable of disrupting the operation of Ukrainian drones, disabling them, and, in some cases, taking control of them. “That is precisely why the possibility that the Russian side may be using such drones to carry out provocations and attempts to discredit Ukraine must be thoroughly investigated. “War always brings immeasurable suffering and grief to millions of people. But even in the midst of this immense tragedy, there are certain rules recognized by international law, and violations of these rules constitute war crimes. It is forbidden to kill civilians. It is forbidden to torture children, women, and the elderly. It is forbidden to destroy civilian infrastructure in the middle of winter, leaving millions of people without heat, water, electricity, or even shelter. It is forbidden to deliberately kill rescue workers and medical personnel who are rushing to the scene of the tragedy to help the victims. It is forbidden to shoot at ambulances transporting the seriously wounded. The use of chemical weapons, including against the civilian population, is prohibited. It is unacceptable to attack civilian ships carrying Ukrainian grain bound for countries in Southeast Asia and Africa, thereby condemning millions of people to starvation. I could go on with this tragic list. Everything listed here constitutes war crimes. And those responsible for them must inevitably be punished. “Our principled position, even against this backdrop, remains unchanged. The Armed Forces of Ukraine do not strike civilian targets, including those located on the territory of the Russian Federation. Legitimate military targets are exclusively military facilities and infrastructure that support the Russian war machine, which for more than four years now has been waging an armed, unprovoked aggression of unprecedented severity against Ukraine, its army, its...