Kazakhstan Chamber of Commerce in the USA

KazCham


Archive for the ‘Energy’


Blue Water Shipping-led JV secures $350-million deal from Tengizchevroil 0

Posted on May 18, 2016 by KazCham

The steamship agency Blue Water Shipping reported on Wednesday that a consortium led by the company has been awarded a $350 million contract by Kazakhstan’s Tengizchevroil (TCO), signing a contract to build and operate 15 specially designed vessels for an oil project in Kazakhstan.

Blue Water Shipping’s track record for handling projects in the Caspian Region was a key aspect in their securing the contract. Among other things, the company will be responsible for the project management of the project’s 15 MCVs (Module Carrying Vessels), which are to be built by Vard Shipyard Group and operated by Topaz Energy and Marine.

The vessels are due to transport up to 1,800 tonnes of modules and cargo through the Russian river systems to the Tengiz oil field in Kazakhstan.

Print Friendly

CASA-1000 to be inaugurated in May 0

Posted on May 02, 2016 by KazCham

The Central Asia-South Asia electricity transmission project (CASA-1000) will be inaugurated on 12 May by top officials from Afghanistan, Pakistan, Tajikistan and Kyrgyzstan. The project is supported by the World Bank Group, Islamic Development Bank, US Agency for International Development (USAID), UK Department for International Development (DFID), and Australian Agency for International Development (AusAID).

The inauguration ceremony will be attended by high-level government officials from the four participating countries and representatives of the donor countries and organisations.

CASA-1000 will provide a new electricity transmission system to connect all four countries involved. It will help them to make the most efficient use of Central Asia’s hydropower resources by enabling the countries to transfer and sell their electricity surplus during the summer months to the energy-deficient countries of South Asia.

Print Friendly

Kazakhstan at the NSS2016: Nuclear Security Summits should continue 0

Posted on April 11, 2016 by KazCham

 

 

WASHINGTON, DC – Although four nuclear security summits held at the U.S. President Barack Obama’s initiative since 2010 have produced remarkable legacy in strengthening the security of dangerous materials around the world, much more remains to be done to make the mankind safer in the face of a threat of nuclear apocalypse, Kazakh President Nursultan Nazarbayev said on April 1, 2016 at NSS in Washington, DC.

THE HILL

As national leaders completed their fourth Nuclear Security Summit, we can reflect on what has been accomplished. Three previous meetings have produced a new level of cooperation between nations to account for and control the circulation of dangerous nuclear materials. President Barack Obama’s leadership in calling for these summits has made real and lasting contributions to the cause of nuclear security.

As the summits conclude, however, the international community should recognize that nuclear risks are growing, not receding. The increasing sophistication of trans-national terror organizations and emerging regional conflicts pose new challenges that must be considered.

Ending the nuclear threat will be the work of generations. Ultimately, nations must adopt a new model of security; one that replaces the idea that nuclear weapons guarantee security with a more permanent system of mutual cooperation at the regional and global level.

A new path for nuclear security is not unrealistic. Indeed, recent history offers a guide. It is fitting, therefore, that we will meet in Washington twenty-five years after the creation of the Nunn-Lugar Cooperative Threat Reduction Program. This effort, authored by Senator Sam Nunn and Senator Richard Lugar, has produced results that few thought possible in 1991.

The security cooperation undertaken in these last twenty-five years demonstrates what can be achieved when the threat is clearly recognized. Kazakhstan has first-hand knowledge of this. The higher purpose of securing dispersed nuclear, chemical and biological weapons allowed former adversaries to think anew about security.

Consider the experience of Kazakhstan. As a newly independent nation in 1991, in an unstable region, we inherited the world’s fourth largest arsenal of nuclear weapons. But Kazakhstan’s history as a testing ground for Soviet nuclear weapons, where 500 nuclear weapon tests exposed more than one and a half million citizens and contaminated large areas of our country, led us to a different conclusion about security.

With the support of the people of Kazakhstan, we closed Soviet-era nuclear testing facilities at Semipalatinsk and shortly thereafter renounced all nuclear weapons on our soil by transferring them to the Russian Federation.

Working under the U.S. Nunn-Lugar program, we secured and transferred large quantities of weapons-grade uranium out of Kazakhstan to Russia and further to the United States for secure disposal. Sites relating to biological weapons were also eliminated.

Eliminating stockpiles of nuclear weapons and materials has made our region safer and more stable . But lasting security will only be achieved through structures that offer mutual security to all parties.

In Central Asia, this began with implementation of confidence building measures. Over time, this cooperation developed into the declaration of Central Asia as a nuclear weapons free zone. All of Kazakhstan’s neighbors have now joined us in rejecting nuclear weapons and the region is more stable as a result. The link between nuclear weapons and national security has been cut in Central Asia.

Our experience has permitted a broader dialogue on nuclear weapons. Our unique history allowed Kazakhstan to facilitate the initial discussions between Iran, the United States, Russia, China, Britain, France and Germany, in search of a nuclear agreement, which included hosting two rounds of intense talks on the issue in Almaty back in 2013. Recently, a transfer of 60 tonnes of Kazakhstan’s natural uranium to Iran allowed Russia to receive enriched uranium from Iran as part of the implementation of the Joint Comprehensive Plan of Action. On this difficult issue, engagement has worked.

The agreement recognizes the sovereign right of all countries to develop nuclear power. At the same time, the cause of concern – uranium enrichment that could produce weapons – must be contained. For this reason, the International Atomic Energy Agency has established the world’s first Low Enriched Uranium Bank under international control in Kazakhstan. The bank will ensure a secure supply of low enriched uranium to any country, thereby eliminating the need for costly and destabilizing enrichment facilities.

Since the last summit two years ago in The Hague, we have also converted a research reactor in Almaty to use low-enriched uranium as a fuel. This step goes in line with our strong and sincere commitment to increase safety procedures in using nuclear technology for a peaceful purpose.

The international community must now consider the path forward after the Nuclear Security Summits. What structures can be created to solve the long-term problem?

Last September, I called on the United Nations General Assembly to set a clear goal to eliminate nuclear weapons by 2045, the centenary of the founding of the UN. The UN has responded by approving the Universal Declaration for the Achievement of a Nuclear-Weapons-Free World.

Reaching this goal will require work by those who support us. But we must advance with each small step.

Start by banning all nuclear testing. The United Nations has declared August 29, the date of the closure of the Semipalatinsk test site, as the International Day against Nuclear Testing. The ATOM (Abolish Testing. Our Mission) Project that we initiated seeks to tell the world of consequences of nuclear weapons testing and calls for the early entry into force of the Comprehensive Nuclear Test Ban Treaty (CTBT). People in more than 100 countries have already supported the project’s calls. Eight countries, including China, India, Pakistan, Iran, Egypt, Israel, North Korea and the United States must sign or ratify the CTBT, signed by 183 and ratified by 164 nations, for progress to be made. As co-chair of the CTBT Review Conference, along with Japan, Kazakhstan intends to work hard to achieve that progress and I call on all states, especially those on whose signature and ratification the CTBT entry into force depends, to show wisdom and responsibility and do the needed.

The test ban will not be a solution in itself. But putting it in force is one more step toward the ultimate goal of eliminating nuclear weapons in our world.

 

Print Friendly

Kazakhstan may take back some nuclear assets from JVs 0

Posted on March 29, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Kazakhstan may take back some assets from the joint ventures it has set up in the nuclear sector, according to Kazakh President Nursultan Nazarbayev. Nazarbayev explained that some joint venture partners of the state nuclear firm Kazatomprom “are not meeting their obligations”.

“In this regard it is necessary to either ensure that they meet their obligations or look into reclaiming those assets in the interests of our state,” Nazarbayev is quoted as saying.

Kazatomprom has joint ventures with France’s Areva, Canada’s Cameco, Japan’s Sumitomo Corp and Kansai Electric Power, several Russian firms including Rosatom, and a few Chinese companies.

Print Friendly

Russia and Kazakhstan to sign nuclear power agreement this year 0

Posted on March 19, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Russia and Kazakhstan are preparing to sign an intergovernmental agreement on research and development cooperation in the nuclear energy sector. Vyacheslav Pershukov, the Russian state nuclear corporation’s head of design and innovation, led a delegation to Kazakhstan last week to discuss potential joint projects in the sector.

The two sides have also agreed to include in the agreement the possibility of Kazakhstan’s participation in the international research centre for the MBIR complex, which is under construction in Dimitrovgrad, Russia. MBIR is the Russian acronym for multipurpose sodium-cooled fast neutron research reactor.

Print Friendly

Kazakhstan invites HKEx to become ‘stakeholder’ in new stock exchange 0

Posted on March 12, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Resource-rich Kazakhstan is seeking to cooperate with Hong Kong’s stock exchange through a possible tie up that would involve an ownership stake in a new stock exchange planned for the Central Asian nation’s capital.

The Governor of the Astana International Finance Centre, Kairat Kelimbetov, said that he held discussions with Hong Kong Exchanges & Clearing on their potential cooperation in the trade of commodities such as gold, uranium and crude oil.

A spokesman at Hong Kong Exchanges and Clearing acknowledged that it held discussions on Monday with Kelimbetov on “matters of mutual interest including the development of Kazakhstan’s financial centre” and the “Belt and Road” opportunities, but did not comment on whether it is interested in owning a stake in the Kazakhstan stock exchange.

Print Friendly

Kazakhstan discovers more oil 0

Posted on March 09, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Oil has been discovered during exploration activities at the north-eastern flank of the S. Nurzhanov field, Liman and Akkuduk blocks in Kazakhstan.

During exploration, light crude oil flowed at a rate of 130 tonnes per day. Moreover, a natural oil flow rate of 3.3 cubic metres per day was obtained at the Liman block. Preliminarily prospective resources are estimated at 3.9 million tonnes of recoverable hydrocarbons.

The company plans to drill two appraisal wells in 2016-2017 and to start trial production in 2018.

Print Friendly

Over twenty oil and gas wells to be closed in Kazakhstan 0

Posted on March 05, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Over the course of 2016, 22 abandoned oil and gas wells will be closed in Kazakhstan as part of a wells closure programme, according to the Kazakh ministry for investments and development.

As part of this same programme, 9 oil and gas wells were closed in Kazakhstan in 2015.

The abandoned oil and gas wells cause irreparable damage to the environment, flora and fauna both on land and in the sea, and lead to the depletion of hydrocarbon reserves.

Print Friendly

Kazakhstan mulls dollar-linked subsidies for green energy 0

Posted on February 19, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Kazakhstan is considering pegging the subsidies it pays for renewable energy to the dollar in a bid to attract foreign investors after its currency plunged over the past year.

The country subsidises renewable energy production to encourage investment in clean energy. Solar power generators get 34.61 tenge ($0.09) per kilowatt-hour of electricity, which was worth the equivalent of $0.19/kWh when the tariff was originally set in June 2014. The rates can currently only be changed once every three years.

The Kazakh Ministry for Energy is assessing how the programme may increase domestic electricity prices and will publish more details once it gets government approval for the programme.

Print Friendly

Kazakhstan reduces oil export customs duty 0

Posted on February 07, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Kazakhstan has reduced the oil export customs duty to $40 per tonne, a reduction of the $60 duty that had been in place since March 2015.

Kazakhstan exported over 61 million tonnes of oil in 2015, according to the Statistics Committee of the Ministry of National Economy.

Print Friendly



↑ Top