All the best Conkingpin...& caveat emptor, a Latin term for LET THE BUYER BEWARE. A political decision has been made. Tabung Haji knows EXACTLY what it MUST Do at the EGM.

By the way, check out SYF, Inari and Tadmax.

I stand by my view, the stocks that are a screaming buy Tadmax, Inari and SYF.. I shall be writing on them latter on.

Kazakhstan’s Economy to Return to Growth in 2017, Says Latest S&P Global Outlook
BY ZHAZIRA DYUSSEMBEKOVA in BUSINESS on 15 SEPTEMBER 2016

ASTANA – S&P Global has affirmed Kazakhstan’s rating at ‘BBB-/A-3,’ according to a press release from Sept. 9. The outlook on long-term ratings remains negative. The agency also projects that the Kazakh economy will return to moderate growth rates in 2017.

Photo from kapital.kz
Photo from kapital.kz

“We consider that the commodity-dependent economy of Kazakhstan continues to face pressures in an environment of low and volatile oil prices. At the same time, our view of Kazakhstan’s creditworthiness remains supported by its still strong balance sheet underpinned by sizable sovereign wealth fund assets of about 50 percent of [gross domestic product],” according to the statement.

The prediction of growth next year is supported by projections of stronger investments and recovering private consumption, as well as by stronger export performance as the oil price outlook improves and “the giant Kashagan oil field will finally be launched after a long string of delays.”

“Kazakhstan’s economy depends heavily on the oil sector: official estimates suggest it directly comprised about 15 percent of GDP and accounted for over half of exports by value in 2014. We anticipate that, as oil prices remain low, Kazakhstan will this year register its weakest economic performance since
1998, with output stagnating in real terms. We believe export volumes will decline not only due to price effects but also due to the aging of the main oil fields, resulting in flat or slightly reducing oil output. At the same time, private consumption will contract in real terms as consumer purchasing power is hurt by the considerable Kazakh tenge depreciation in 2015,” said the press release.

According to the data in the report, Kazakhstan’s real GDP for the next year is projected to be 1.5 percent, while in 2018 and 2019 it will be 2.2 and 2.5 percent respectively.

While S&P Global predicts 0 percent growth for 2016, the Kazakh government says it will be nearly 0.5 percent.

The agency’s negative outlook primarily reflects the risk that Kazakhstan’s troubles may not be over and that fiscal and external profiles, still relatively strong, may weaken over the next 18 months. “It also reflects the risk of Kazakhstan’s economic growth rate declining more than we presently anticipate,” said the statement

WOW : S&P expects ZERO growth for KHAZAKSTAN in 2016 and then it says there is a RISK of khazkh economic growth rate DECLINING more than we PRESENTLY ANTICIPATE. What is a decline more than ZERO? NEGATIVE

WOW all this in Astana Times...and interestingly the ARTICLE notes about AGING oilfields..Reach is also OLD oilfields meh!!!!

Comcop looks like a good buy or not..I don't know. But I knoe Tadmax, Inari and SYF are FANTASTIC buys

Brutus is correct. Is SUMATEC a SPAC? And Sumatec management got integrity ..As for Reach Energy when they first got listed.. go read Shahul Hamid comment on countries in the commonwealth of indepent states. Is Sumatec holding shareholder money to ransom.. if there is a proposal from Sumatec.. and if shareholders reject it... Will Sumatec have to delisted and return the money held by the company? Nope right. But Reach will have to because Reach is a SPAC

Foreign travel advice
Kazakhstan
Summary
Current travel advice
Safety and security
Terrorism
Local laws and customs
Entry requirements
Health
Natural disasters
Contact FCO Travel Advice Team
Subscriptions Get updates email feed
Summary

Still current at:18 September 2016Updated:15 September 2016Latest update:
Safety and security section (Local travel) – you should be aware that borders, particularly with Uzbekistan and Turkmenistan, may be subject to closure without notice
You can travel to most places in Kazakhstan, but travel to any closed area requires advance permission from the Kazakh government. Some military/restricted areas are not clearly marked. Take care when travelling away from normal routes. See Local travel

With the exception of Air Astana, all Kazakh airlines are refused permission to operate services to the EU because they do not comply with internationally accepted safety requirements. See Air Travel

British passport holders can travel to Kazakhstan without a visa, provided your stay does not exceed 15 days. If you wish to stay longer than 15 days, you’ll need a visa. See Entry Requirements

Most visits to Kazakhstan are trouble-free, but crime against foreigners does sometimes occur. See Crime

You must carry your original passport at all times. See Local Laws and Customs

There is a general threat from terrorism. See terrorism Terrorism

WOW is that a TRAVEL Advisory issued by The UK Government. Just Google : KHAZAKSTAN Dangerous and find out your self.

That's for you RO1

azakhstan Details Foiled Terrorist Plots
The Kazakh security service says it disrupted eight separate Islamist groups in 2016 alone.

Michel BBC
By Casey Michel
September 07, 2016



It’s only September, but it’s clear that 2016 has brought the greatest string of domestic terror threats Kazakhstan has seen in at least five years. While details on the June attack in Aktobe remain scant, Kazakhstani authorities have begun detailing other plots apparently foiled throughout the year.

Earlier this week, the National Security Committee, or KNB, released a statement on disrupted plans to target a series of installations throughout Kazakhstan, including, most notably, a Russian military unit near the city of Balkhash. Other plans, which the KNB claimed involved coordination with Kazakh militants abroad, intended to unleash attacks in Moscow and Kazakhstan reminiscent of the Paris shootings last November. Individuals detained also reportedly considered hijacking airplanes for an attack “similar to the attacks of Sept. 11, 2001, in the United States.”


WOW : WHAT similar to the SEPTEMBER 11 2001 ATTACKS on the New York TWIN Towers. This sounds SERIOUS...why don't cheong sell off his house, go on maksimum debt and buy up all the Reach WA going up 10 fold. And then post the details of the trade documents......لعنت اللہ الا لکازبین المنافقین.

Very nice escort's as bro ... a t the forum

Go ahead cheong make my DAY

Everybody needs to eat. It's okay to get paid. But it's not okay to get paid to write lies... Everyone one can google and see the truth full ness of the articles i had taken from Blomberg, Reuters , The Street...And Chong if you insult me one more time.. I will start posting who RO1 meet in London...his children or fund managers.

Speak up, there is NO reason for PM Najib to run to KHAZAKSTAN, if the political party I support by choice Barisan National losses the election. The PM has done NO wrong. Can't you see the similarities between 1MDB fiasco and the potential SCANDAL awaiting Tabung Haji if the Reach investment goes bust. Just like in 1MDB, the pri bumi PKR Nexus will point to the PM and his family if Tabung Haji Investment in Reach KHAZAKSTAN venture goes bust EVENTHOUGH we all know 100 per cent that the PM and his family has NOTHING to do with this Tabung Haji reckless venture. Azeez cannot hide and feign ignorance...His knows the implications perfectly well.

دى شركة بنت كلب

I ment Al Fatiah to the departed H a r o n D I N

Al Fatiah SH

Post removed.Why?

Kazakhstan Drafts Economic Outlook Based On $35 Brent

by Reuters|Thursday, September 15, 2016


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Reuters
ASTANA, Sept 15 (Reuters) - Kazakhstan's economy ministry has based its medium-term economic outlook on a Brent crude price of $35 per barrel, it said on Thursday, implying reduced earnings from oil and gas exports and putting pressure on the tenge exchange rate.

The tenge would average 360 per dollar in 2017-2019 under such a scenario, the ministry said in a presentation, compared with a prevailing rate of 338.86 per dollar.

The Kazakh currency has lost nearly half of its value against the dollar since last August when the authorities in the Central Asian nation abandoned their pegged exchange rate policy due to the oil price slump.

WOW : Cash All GONE is expecting the currency to fall further...and they only expect oil to average US$35. This is a mere US$5 more than Reach's own US$30 cut off point level to make a profit. Which means just one small Mis step... And we looking at a LOSS making Reach business in Khazak

Çhow most of the story has citations..look closely. You are CORRECT chow that our prime minister son in law is from khasakstan. But nobody in the prime minister's family is iNvolved in this project. Which is why Azeez of Tabung Haji must not shoot himself in the foot by dragging Tabung Haji into Reach Energy. Because if anything goes wrong , people will tend to blame the pm or his wife...when in fact they having nothing to do with this project. This is entirely Tabung Haji mess. And Rohank Upon Allah, I own no warrants nor H a ve any intention of owning any Reach warrants

ON June 25, Forbes Magazine’s Kazakh edition released an interview with Vasily Ni he was quoted as saying he is working to change the ICBC’s image to get rid of its negative history of high-profile criminal cases.
“Today the name Khorgos does not have the best associations,” Ni said. “Therefore, we are in the process of re-branding. I would like the colors to be brighter, and for the sun to be shining brightly.

NOW what has happened to Mr Ni?



Kazakhstan: The Head of Free Trade Zone Detained in US$ 1 Million Bribe Case
Print article Published: Friday, 09 September 2016 14:23

inShare
3
The Almaty City Court on Thursday detained the head of a Silk Road free-trade zone between China and Kazakhstan for two months on suspicion of accepting a US$ 1 million bribe.
Khorgos ICBC is an economically important free trade zone between China and Kazakhstan. (Photo by: theoutlook.com.ua)
Khorgos ICBC is an economically important free trade zone between China and Kazakhstan. (Photo by: theoutlook.com.ua)
Investigators say Vassiliy Ni, who heads the Khorgos International Center of Cross-Border Cooperation (ICBC), was paid by the Khorgos Tulpan Company to ensure that it won a tender to build a hotel at the site.
Ni was arrested on Monday, Sept. 5, by officers of Kazakhstan’s National Anti-Corruption Bureau. They say the bribe was offered through a subordinate.
Ni’s lawyer said that her client is innocent, and she will prove it, according to Today.kz
Khorgos ICBC is an economically important free trade zone between China and Kazakhstan where businesses can import and export products without paying duty fees. The site, with Kazakh and Chinese sectors on the border of the two countries, has a total area of 560 hectares connected by a border crossing

34 Kazakhstan Government Websites Hacked
A hacker claiming to be code-named “RxR HaCkEr” from Syria has hacked into Kazakhstan government server that lead 18 .gov.kz websites being hacked. The hacker managed to upload a page named as “king.htm” on those websites, with a message for freedom for Syria in English and Arabic.

Kazakhstan Government Defacement

This hack surely proves that the security on the Kazakhstan government servers and websites are extremely poor and the website administrators should look into this issue. At the time of publishing this news article, the web page that the hacker uploaded was accessible.

Haider Khan
I'm an Independent Cyber Security Researcher, a geek who loves Cyber Security and Technology.

WOW : Even their Government WEBSITE get hacked. Cash All GONE officials don't bother. And we are told to TRUST that the REACH KHAZAKSTAN numbers will not deviate substantially in the UNLIKELY event the QA goes through.

There must be a reason why..these assets are being sold. There must be a reason why, there was no big mad scramble by respectable and credible oil companies not breaking their hands legs and head to buy these assets. The anwser to this is known to RO1. While Bob Dylan says the anwser my friend is blowing in the air

DJIA 11906
NASDAQ 1478
S&P 500 1063
Looking at the Death Watch Strategy in Uzbekistan and Kazakhstan
Kim Iskyan
Follow
Sep 16, 2016 10:01 AM EDT


In September 2014, according to The Moscow Times, Russian "President Vladimir Putin has said Kazakhstan's history of independent statehood is scant and its people's desire for closer ties with Russia is profound, a rhetoric reminiscent of Moscow's stance on Ukraine, and inhabitants of Kazakhstan are worried."

Kazakhstan's stock market hasn't done much for years.

It reached its all-time high in 2007 and is still down 61% from that level. The stock market has never recovered from the 2008 global economic crisis and regained its status as an intriguing frontier market investment destination.


It is unclear whether Nazarbayev's death would be a good or bad thing for Kazakhstan. Some people in the country may be worried about a power vacuum if he died suddenly.

On the other hand, if Nazarbayev does die soon, it could remove a lot of uncertainty and open the door to enormous positive change.

That is why Kazakhstan is also on the death watch list


Kim Iskyan is the founder of Truewealth Publishing, an independent investment research company based in Singapore. Click here to sign up to receive the Truewealth Asian Investment Daily in your inbox every day, for free.


WOW : KHAZAKSTAN placed on DEATH WATCH list

Will do nick the best. It's your money. You are the master of your own destiny

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Man beats rush hour traffic by riding ostrich in Kazakhstan (VIDEO)
Published time: 3 Sep, 2016 22:43
Edited time: 4 Sep, 2016 16:24
© Ahmed Jadallah
© Ahmed Jadallah / Reuters

6.3K1
Most people think cycling is a good way to beat rush hour traffic, but a man in Kazakhstan took the concept to another level, reportedly riding an ostrich past commuter cars. The hilarious moment was captured on a dashcam.

The footage, which was posted on YouTube, shows the ostrich sprinting through the long line of traffic carrying its rider in a moment that would make the ‘Borat’ movie’s eponymous hero proud.


Commuters watch the event in astonishment as the ostrich darts through the traffic and is out of sight in a matter of seconds. The incident is believed to have taken place in the former capital and second city of Almaty, the Daily Mail reported.

A male voice is heard in the background saying, “oh my God! What has just happened.....All work and no play is boring. So enjoy and do go watch the utube feature

Central Asia’s answer to Dubai? In Kazakhstan’s Astana, reality bites
Amid the glitzy towers and preparations for a mega expo, a commodities crash, free-falling currency and China’s slowdown fuel uncertainty about the future
ERIC NG

PUBLISHED : Saturday, 20 August, 2016, 3:13pm
UPDATED : Saturday, 20 August, 2016, 3:13pm

The Byterek tower is visible in the centre of Astana as a soldier stands guard outside the Presidential Palace. Photo: AFP
No press packages, no cheerleading videos, no slick PowerPoint presentations and nary a pre-arranged interview with a bigwig. For a mega expo positioned as Kazakhstan’s coming-out party on the world stage, the arrangements for media familiarisation in the capital of Astana couldn’t have been more half-hearted.

The three-month expo, due to open next June and meant to showcase Astana as the Dubai of Central Asia, was originally estimated to cost up to US$3 billion and attract five million visitors. But much has changed since the expo was planned in the oil-exporting nation. The commodities market has gone bust, the currency is in free fall, and the ripples of China’s slowdown have begun to be felt in the neighbourhood.

An under-construction exhibition hall that will feature renewable energy technologies during Astana’s Expo 2017
Dotted with glitzy towers and the cranes that build them, Astana replaced Almaty as the capital in 1997, on the order of authoritarian leader Nursultan Nazarbayev, the nation’s only president since it gained independence after the dissolution of the Soviet Union in 1991.

“Unfortunately we cannot spell out the budget,” said Alisher Pirmetov, deputy chairman of the state-owned Astana Expo-2017 National Company.

China and Kazakhstan sign $2 billion in deals as Xinjiang party chief visits the Central Asian nation

Pirmetov’s reluctance to talk numbers mirrors the uncertainty that has engulfed Kazakhstan recently. A key ally and trading partner of China, Kazakhstan is in the grip of a protracted economic downturn. Oil accounts for around a fifth of Kazakhstan’s gross domestic product, half its budget revenue and 76 per cent of its exports.

Kazakhstan’s economy was growing at a rate of 4 to 7 per cent between 2011 and 2014, before oil prices collapsed in mid-2014. Last year it grew just 1.2 per cent and shrank 0.2 per cent in the first quarter this year. To cushion the economy from the oil crash, Kazakhstan switched from a managed trading band system to a floating exchange rate regime in August last year.

The headquarters of state-owned oil and gas firm Kazmunaigaz in downtown Astana. Photo: Eric Ng
The headquarters of state-owned oil and gas firm Kazmunaigaz in downtown Astana. Photo: Eric Ng

But that hasn’t stopped its currency, the tenge, from dropping nearly 45 per cent, further denting the economy.

To counter the post-devaluation spurt of inflation, the interest rate has been raised to 17 per cent this year from just under 6 per cent in September.


WOW : INTEREST rates in Khasakstan go up NEARly 300 per cent in less than. 12 months to 17 per cent from 6 per cent last year In September (2015)

Kazakhstan Drafts Economic Outlook Based On $35 Brent

by Reuters|Thursday, September 15, 2016


inShare
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Reuters
ASTANA, Sept 15 (Reuters) - Kazakhstan's economy ministry has based its medium-term economic outlook on a Brent crude price of $35 per barrel, it said on Thursday, implying reduced earnings from oil and gas exports and putting pressure on the tenge exchange rate.

The tenge would average 360 per dollar in 2017-2019 under such a scenario, the ministry said in a presentation, compared with a prevailing rate of 338.86 per dollar.

The Kazakh currency has lost nearly half of its value against the dollar since last August when the authorities in the Central Asian nation abandoned their pegged exchange rate policy due to the oil price slump.


WOW: Khasakstan , the king of CASH All GONE, only expects oil to be TRADING at US$35. Assumng , the Kazakh are correct, one small Mis step in Reach Kazakh entity a Nd it will be come yet another CASH ALL GONE venture

Oops...Allah will open eyes of SC or mine

Yes, Brutus, it's about risk reward. But as the economist reported khasakstan : CASH All GONE...gives you an indication that the numbers more often than not, don't tally in Khasakstan...the projections more often than not do not match reality on the ground due to corruption and poor infrastructure. And I for one has serious concerns over the INTEGRITY of Shahul Hamid, Al Fatiah, opposite I mentioned Alhamdulilah , Allah will open eyes of the AC or mine if I am.wrong

If I have one acre of land in Putra jaya.. the price of that same land could be 100 times more if it was next to white house in Washington. Rohank says IF the Kazakh asset was in London, the valuation might be double. WOW

Rohank says don't get personal ...yet in the same light he spits born loser. And then all comment respected. I leave it to the people to judge

Hello I stand by my allegations RO1 is dirty. Challenge me to prove it

Kazakhstan Details Foiled Terrorist Plots
The Kazakh security service says it disrupted eight separate Islamist groups in 2016 alone.

Michel BBC
By Casey Michel
September 07, 2016



It’s only September, but it’s clear that 2016 has brought the greatest string of domestic terror threats Kazakhstan has seen in at least five years. While details on the June attack in Aktobe remain scant, Kazakhstani authorities have begun detailing other plots apparently foiled throughout the year.

Earlier this week, the National Security Committee, or KNB, released a statement on disrupted plans to target a series of installations throughout Kazakhstan, including, most notably, a Russian military unit near the city of Balkhash. Other plans, which the KNB claimed involved coordination with Kazakh militants abroad, intended to unleash attacks in Moscow and Kazakhstan reminiscent of the Paris shootings last November. Individuals detained also reportedly considered hijacking airplanes for an attack “similar to the attacks of Sept. 11, 2001, in the United States.”

All told, the KNB detailed eight separate Islamist groups — some of which included citizens from Kyrgyzstan — disrupted and arrested in 2016 alone. The lengthy statement came as a court in Aktobe jailed Almas Abdiraev for calling for terrorist attacks in Russia “as a response to Russia’s military operations in Syria,” RFE/RL reported.

In addition to the magnitude of the plots — 2016 has arguably brought the greatest domestic terror threats Kazakhstan has known during any point in its quarter-century of independence — there’s another, potentially more disconcerting trend within the recent plots and sentencings. Where the prior terror attacks had clearly targeted domestic installations, the inclusion both of Moscow’s military units and potential plans in Russia proper point to a new, external focus within Kazakhstan’s terror threats. Suddenly, Kazakhstan’s concerns about terror are no longer purely internal — and Moscow’s concerns about domestic stability, and threats, along its Kazakhstani border carry a bit more justification.

Whether this portends any shift in relations between Astana and Moscow, only time will tell. However, it will add one more ingredient, one more bit of rationale, for any potential Russian interference in Kazakhstan in the years ahead. Considering we’ve just passed the two year anniversary of Russian President Vladimir Putin obliquely questioning the notion of ethnic Kazakh statehood — and considering Kazakhstan’s large, and restive, ethnic Russian population — any excuse for Russian interventionism is one that will send chills through Astana, and will add one more layer of questions as the fallout from these plots unfurls.

WOW really safe place

SC take NOTE . Ti Of star

REACH officer 1…Bring the press to the EGM, especially Ti Lin Say of the Star. Yes we have prove of her EXTRA cash activities

I have very small exposure to Reach. The share I bought is for insurance so that my PROXY can confront RO1 on his overseas trips especially to the UK

If Jimmy Song is correct that oil price will average US$48 ..Then the world bank is WRoNG. World Bank is wrong as it forecast only US$43. Somebody here looks like they have been PAiD to support RO1. That is okay. Every body needs to eat. But please do some decent RESEARCH

Currency down 45 pct

OLITICS21 MAY 2016
Dozens detained in Kazakhstan over land reform protests
Police block protests in major cities over reforms the opposition says will lead to foreigners acquiring too much land.
|
Kazakhstan's deputy prosecutor general said police had worked to prevent any violations of the law [Reuters]Kazakhstan's deputy prosecutor general said police had worked to prevent any violations of the law [Reuters]
Police have detained dozens of protesters in Kazakhstan during anti-government rallies in the country's major cities, prosecutors said.

Opposition activists had called for demonstrations in the Central Asian country's largest cities, including Astana, Almaty and Karagandy, to protest against a controversial proposal for land reforms that includes liberalising the sale and rental of farmland to foreigners.

There are fears it could lead to Chinese farmers acquiring large swaths of land.

Authorities had rejected all applications to hold protests on Saturday and cordoned off the main squares of Almaty and Astana, while activists called on their supporters to protest nonetheless.

READ MORE: Crackdown on dissent in Kazakhstan as economy slumps

Kazakhstan's deputy prosecutor general, Andrei Kravchenko, said that as of Saturday, 40 people had been arrested for organising and taking part in these unauthorised demonstrations, TASS news agency reported.

Kravchenko said that the police force had worked to "prevent any violations of the law".

A number of journalists were briefly detained during the protests.


GREAT :PEOPLE Protesting, JOURNALIST being DETAINED. Current down 45 per cent. Rating house SLAP NEGATIVE rating on khasakstan. Must be really good for RO1 to use investor money for a gamble on a country made famous by BORAT

Fact is check Daya's annual report. Fact is in September the RATING house gave Khasakstan a long term NEGATIVE rating. Fact is world bank says that oil price will average US$43 . Well this are all facts. Undisputable facts. Unlike Europe and Malaysia, khazkhstan is not governed by rule of law...which is why the attacks in Khasakstan could be a prelude to a CIvIL war. Brother against brother

Ultra..things are going to get really hot in here.

Me thinks those who vote yes... Going to lose money if they win. Stock price will tumble and RO1 will appoint family members into company.

By Aygun Badalova – Trend:

Standard & Poor's (S&P) Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Kazakhstan.

The S&P also affirmed the Kazakhstan national scale ratings at 'kzAA', the outlook on the long-term ratings is negative, the credit-rating agency said in a message Sept. 12.

The ratings on Kazakhstan remain primarily supported by the government’s strong balance sheet built on past budgetary surpluses, accumulated during the era of high commodity prices, according to the message.

“The ratings remain constrained by Kazakhstan’s limited institutional effectiveness owing to the highly centralized political environment; the country’s moderate level of economic development characterized by high commodity dependence; and limited monetary policy flexibility,” the message said.

Kazakhstan's economy depends heavily on the oil sector: official estimates suggest it directly comprised about 15 percent of GDP and accounted for over half of exports by value in 2014, according to the S&P.

As oil prices remain low, Kazakhstan will this year register its weakest economic performance since 1998, with output stagnating in real terms, said the message.

The rating agency believes that export volumes will decline not only due to price effects but also due to the aging of the main oil fields, resulting in flat or slightly reducing oil output.

WOW LONG TERM RATING for Khasakstan is only N E G A T I V E

Kazakhstan declared a terrorism alert in Almaty, the country’s financial center, after five people including three policemen were killed during attacks by militants.
The officers died during gun battles with a man who’d attacked a district police building in the city on Monday, the Interior Ministry said in a statement. Two policemen were also wounded and the militant shot a civilian dead when he tried to steal his car, it said. The attacker was arrested and police later detained a suspected accomplice, the ministry’s press service said.
A retired policeman also died in the attack on the police building, Interior Minister Kalmukhanbet Kassymov told President Nursultan Nazarbayev at a meeting of the Kazakh security council, according to the presidential press office. Eight people are in the hospital after being wounded during the clashes, a Health Ministry spokesman said by phone.
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The shootings took place little more than a month after the mainly Muslim central Asian republic suffered its largest terrorist incident, in which 26 people were killed when Islamist militants attacked a gun shop and a military base in the city of Aktobe. Kazakhstan is reeling from the impact of the slump in oil prices, with the economy at risk of its first contraction since 1998 after the tenge declined by 45 percent against the dollar in the past year.


WOW currency down 45 per cent and terrorist everywhere. GReAT

Over the medium term, Kazakhstan’s oil and gas sector will be driven by ongoing and planned mega projects in upstream, oil and gas pipelines undergoing expansion, and planned disposals in downstream, Fitch Ratings said in a new report August 26.

In 2025 the projected share of production from Kazakhstan's top-three mega oil projects - Tengizchevroil (TCO), Kashagan and Karachaganak - is likely to exceed 75 percent of the country's total, up from 50 percent in 2015, Fitch said.

Kazakhstan's over-reliance on a few mega oil fields makes it more exposed to single-project geological and technical risks and oil price volatility, as illustrated by the ongoing multi-billion dollar efforts to restart Kashagan, the report said.

According to Fitch, explicit state support and strong sovereign reserves drive the ratings of JSC National Company KazMunayGas (NC KMG or the group, BBB-/Stable), the holding company for state-owned assets in upstream, transportation and downstream.

“The announced $37bn TCO expansion will reduce cash dividends to NC KMG over the medium term, a scenario which we have included in our rating case,” Fitch said.

“Combined with lower upstream earnings due to high costs and poor netbacks at KMG EP, NC KMG's key upstream subsidiary, this will slow down NC KMG's deleveraging,” the report said. “The three-year Kashagan start-up delay is cash-neutral for the group, as we expect it to use cash dividends from Kashagan first to repay the $1.8bn deferred acquisition consideration.”

NC KMG's midstream assets - oil and gas pipelines operated by subsidiaries JSC KazTransOil (KTO, BBB-/Stable), KazTransGas JSC (KTG; BB+/Stable) and Intergas Central Asia JSC (ICA, BB+/Stable) - generate stable earnings for the group, or about $1bn in EBITDA on average in 2012-2015, the report said.

According to Fitch, most of the oil and pipeline capacity expansion will not bring cash earnings to the group, as it is being done through the joint ventures (JVs) that are unlikely to pay NC KMG large dividends over the medium term.

---

Follow us on Twitter @AzerNewsAz

Everything shall come to pass. It is law of nature. Man propose, God Dispose

World Bank in July forecast AVERAGE crude price for 2016 at US$43 only. Rest In Peace Reach

prices
By Ivana Kottasova September 13, 2016 09:52AM EDT
The oil glut isn't going away anytime soon.
Supply will continue to outpace demand well into next year, the International Energy Agency said Tuesday, sending oil prices falling by as much as 2%.
Demand for oil, particularly in Asia, is growing at a slower pace than it had previously predicted, the agency said.

Oil prices collapsed over the last two years because the world has way more oil than it can consume. That surplus will persist at least through the first half of 2017, the IEA said, reversing a forecast it made just a month ago.
"With the price of oil at current levels, one would expect supply to contract and demand to grow strongly. However, the opposite now seems to be happening," it said in its latest monthly report.
The Paris-based agency said demand is slowing in countries that were previously driving the market, such as India and China.
Related: Saudi, Iran hike oil production before talks on output freeze
At the same time, big oil producers keep pumping like there is no tomorrow, despite the collapse in prices and investment cuts. Stocks of oil in the world's richest countries are swelling to levels never seen before.
OPEC countries pumped out slightly more than 33.2 million barrels of crude oil per day in August, around its highest level ever.
The Saudi-led cartel has been trying to squeeze out higher-cost producers and defend its market share.
But the price collapse is hurting. OPEC members and Russia have been talking -- on and off -- for months about capping production to support prices but the talks have so far led to little action.
The latest figures show Saudi Arabia and Iran actually increased production ahead of a critical OPEC meeting later this month to discuss freezing output.

Closer to EGM I shall reveal damaging details on RO1 (Reach Officer 1).

Çhow no conspiracy here. There are many sides to a story, only one side is TRUE. I advise do your own research and make your own conclusions