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ASTANA (TCA) — At the Extraordinary General Meeting on August 3, 75.7 percent of independent shareholders of Kazakhstan's lucrative energy firm, KazMunaiGas Exploration Production (KMG EP), voted against selling their shares to the firm's parent company, national oil and gas company KazMunaiGas (KMG), KMG EP said on August 3. Continue reading
BISHKEK (TCA) — U.S. Secretary of State John Kerry on August 3 in Washington met with foreign ministers from the five Central Asian states of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan as the United States tries to re-engage in a region dominated by Russia and China. Continue reading
ALMATY (TCA) — The first train carrying liquefied natural gas (LNG) from Kazakhstan to China has arrived in the Chinese westernmost region of Xinjiang, Chinese media reported on July 31. Continue reading
BISHKEK (TCA) — The World Bank’s Board of Executive Directors has approved a US $24 million Programmatic Governance and Competitiveness Development Policy Operation (DPO) for the Kyrgyz Republic. The operation – the first in a series of two consecutive budget support operations – comprises a highly concessional credit of $13.2 million and a grant of $10.8 million from the International Development Association, the World Bank said. Continue reading
DUSHANBE (TCA) — Although it will take years to complete the project, the idea is to have two of the six turbines of the Rogun hydro power plant in Tajikistan start producing electricity for sale by 2018 to raise funding to complete it. The first turbine is to go into service in August 2018, followed by the second one in October of the same year, the online magazine “We Build Value” of Italian company Salini Impregilo reported on July 6. Continue reading
ASTANA (TCA) — U.S. oil giant Chevron on July 5 announced a $36.8 billion expansion of the Tengiz oil project in Kazakhstan. Continue reading
