Nur-Sultan: Kazakhstan Renames Capital Astana after Ex-President
Kazakhstan has renamed its capital Astana to Nur-Sultan to honour outgoing leader Nursultan Nazarbayev, who unexpectedly resigned on Tuesday. The change was announced after Kassym-Jomart Tokayev was sworn in as president, promising to seek his predecessor’s opinion on key decisions. Mr Nazarbayev, 78, served nearly 30 years as leader of …
KMG buys ConocoPhillips’ Nursultan stake
Kazakhstani state player KazMunaiGas has reportedly acquired a 24.5% stake in the Nursultan offshore oil block from ConocoPhillips, giving it a 75.5% stake in the Caspian Sea concession. The offshore Kazakh block’s estimated reserves run to around 2.13 billion barrels of oil, with commercial production at the field set to start …