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Silk Road Intelligencer: News Roundup - August 8, 2007

Aug 8, 2007

News Roundup - August 8, 2007

Bloomberg: Eni May Lose Control of Kazakhstan's Kashagan Field
Eni SpA may lose control of Kashagan, the world's biggest oil discovery in 30 years, after costs at the project more than doubled to $136 billion. The Kazakh government is ``very disappointed'' with execution of the project and doesn't rule out replacing Eni as its operator, Kazakh Prime Minister Karim Masimov said...
Forbes: Kazakhstan Threatens to Remove Eni as Operator of Kashagan Oil Field
The prime minister of Kazakhstan, Karim Masimov, said his government might remove Italy's Eni SpA as operator of the Kashagan oilfield due to cost overruns...
Wall Street Journal: Kazakhstan and Italy's Eni Face Off Over Key Oil Field
In 1997, Italy's Eni SpA entered an agreement with oil-rich Kazakhstan to operate Kashagan, the largest oil field outside the Middle East by reserves. Under the deal, Eni would recover its costs from Kashagan's revenue before having to start sharing large proportions of their income with the Kazakh government....
Radio Free Europe / Radio Liberty: Kazakh, Azerbaijani Companies Agree On Joint Oil Venture
The Kazakh and Azerbaijani state oil companies have signed a memorandum on the joint implementation of a Trans-Caspian project...
Radio Free Europe / Radio Liberty:
Journalist's Traffic Death Recalls Past Tragedies
Saken Tauzhanov was a hard-hitting journalist who criticized both the opposition and the government in his native Kazakhstan. His frequently caustic online articles made Tauzhanov more than a few enemies, which is why his death on August 2 raised many suspicions...
Voice of America: Shanghai Cooperation Organization Holds Biggest War Games Ahead of Leaders Summit
Some 6,000 troops from China, Russia and four Central Asian states will hold their biggest-ever joint counterterrorism military exercise. Some analysts suggest the group, known as the Shanghai Cooperation Organization, is evolving into an anti-West defense alliance and Iran is looking to join...
Angus Reid Global Monitor: Kazakhstan Set for Low Voter Turnout
Most people in Kazakhstan will not participate in this month’s legislative ballot, according to a poll by the Association of Sociologists and Political Scientists...
Transitions Online: From Communism to Clannism
Against a backdrop of intrigue in the Nazarbaev clan and a changing of the guard in Ashgabat, two experts tackle the vagaries of political power in Central Asia...
CityWire: Kazakhmys Q2 Copper Cathode Production Falls
Shares of Kazakhmys, Kazakhstan’s biggest producer of copper, fell after it reported lower second-quarter copper cathode production because of smelter maintenance...
The New York Times: Ancient Nomads Offer Insights to Modern Crises
Every summer for the past eight years, Michael Frachetti has come to the desert steppe that rolls like endless yellow waves across this expansive Central Asian nation searching for evidence of a vast, connected nomadic society...
Reuters: Indicators - Kazakhstan - August 8, 2007
Kazakhstan's economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges...

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