Eurasia Journal News

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 …

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Eurasia Journal News

Veteran Kazakh Leader Nazarbayev Resigns After Three Decades in Power

ALMATY (Reuters) – Kazakhstan’s President Nursultan Nazarbayev unexpectedly resigned on Tuesday after three decades in power, saying his oil-rich Central Asian nation now needed “a new generation of leaders”. Kazakhstan’s President Nursultan Nazarbayev writes during a televised address to inform of his resignation in Astana, Kazakhstan March 19, 2019. Kazakh …

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Eurasia Journal News

KPO General Director Awarded by Kurmet State Award of Honour

Karachaganak Petroleum Operating B.V. (KPO) announced that on the eve of the RoK Independence Day several employees of the company have been awarded by different honours. As per decree of the RoK President Nursultan Nazarbayev, Renato Maroli, KPO General Director, was awarded by Kurmet Award of Honour for his merits …

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Eurasia Journal News

Kazakhstan Extends Subsoil Use on Caspian Sea for Russia

By Nigar Guliyeva – Trend: President of Kazakhstan Nursultan Nazarbayev and President of Russia Vladimir Putin signed the Additional Protocol to the Protocol to the Agreement between the Republic of Kazakhstan and the Russian Federation on the delineation of the bottom of the northern part of the Caspian Sea in …

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Eurasia Journal News

Kazakhstan: Kanat Bozumbayev Appointed as New Energy Minister

Kazakhstan named Kanat Bozumbayev, a former head of the country’s power grid, as its new energy minister on Friday, as the second-largest oil producer in the former Soviet Union faces a drop in output following a slump in crude prices. Kanat Bozumbayev, 47, replaces Vladimir Shkolnik, who oversaw a rapid …

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Eurasia Journal News

Big Plans for the Caspian

Russia and Kazakhstan have big plans on joint oil production in the Caspian Sea, RIA Novosti quoted Russia’s President Vladimir Putin as saying Oct. 15. Putin made the remarks after talks with Kazakhstan’s President Nursultan Nazarbayev. He noted that Kazakhstan’s oil goes to foreign markets through the territory of Russia. …

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Eurasia Journal News

ENI: Completes Kazakhstan’s Isatay Block Deal

The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial terms of the transfer to Eni of 50% …

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Eurasia Journal News

ENI: Completes Kazakhstan's Isatay Block Deal

The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial terms of the transfer to Eni of 50% …

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ENI and KMG Sign Isatay Agreement

The agreement will result in KMG and Eni each holding 50% of exploration and production rights in Isatay, an offshore exploration area located in the north Caspian Sea In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman …

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