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As part of the annual Fitch Ratings conference held in Almaty there was a roundtable called “Corporate sector of Kazakhstan”, where experts talked about what is happening in large companies of oil extraction and energy sectors.
Almaty has hosted the XI annual conference of the Fitch Ratings agency on Kazakhstan, whose motto could be summarized as “today is a little better than 2014 and 2015”. This is probably why, on the eve of the conference the agency has confirmed country’s rating as the “BBB” with a stable forecast.
Crude Accountability presents the report, “The Kashagan Oil Bubble”. The report examines the main reasons that led to the failure of the Kashagan oil field development project.
The National Intelligence Council analysts’ prognosis that the future will inevitably form new identities threatening the established world order finds its, however strange and frightening, confirmation in the Kazakh realia.
Judging by Nursultan Nazarbayev’s program article of April 12, 2017 called “Glance into the Future: Modernizing the Public Consciousness”, the Kazakh president is very much dissatisfied with our people. There could be no other explanation. So, Akorda now must solve the task that is threefold and of a landmark nature – to carry out political reforms, to modernize the economy, and re-educate the Kazakhs making them the proponents of a new public consciousness.
Citigroup analysts predict a rise in oil prices above 60 Usd already by the second half of 2017, and a rise in oil prices up to 65 USD/barrel by the end of the year. What effect will it have on resource-dependable economies?
