Tag Archives: Kazakhstan

Kazakh court extends journalists detention

JULY 28 2016 (The Conway Bulletin) — A court in Almaty extended the pre- trial house arrest by two months of Seitkazy Matayev, one of Kazakhstan’s most prominent journalists, and his son Asset. The Matayevs are accused of embezzlement and abuse of trust. In May, the prosecutor reduced his charges against Seitkazy Matayev, who continues to deny the accusations. Human rights groups have accused Kazakhstan of a systematic crackdown on its media.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 291, published on Aug. 1 2016)

Poverty increases in Kazakhstan

JULY 22 2016 (The Conway Bulletin) — In a new country report, the World Bank said that Kazakhstan has been unable to reduce poverty in the past few years, as the percentage of the population living off under $5/day continues to measure around 14%. In absolute numbers, poverty has increased and the number of people living under the World Bank threshold is nearing 3m. The World Bank said that the depreciation of the tenge since August 2015 and a stagnant job market have impacted living standards.

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(News report from Issue No. 291, published on Aug. 1 2016)

Briefing: Gulenist links in Central Asia & S.Caucasus

AUG 1 2016 (The Conway Bulletin) — >>So, we know that the Gulen movement was big in Turkey but in Central Asia? Really? How deep is it and what does it do?

>> The movement, created by cleric Fethullah Gulen, is a social and religious group that has said it wants to integrate moderate Islam into the secular Turkish state and to replicate the model in other Muslim countries. The movement counts millions of followers. As it puts great emphasis on education and upward social mobility, the movement established a network of schools around the world, including in Central Asia and the South Caucasus.

>>OK, but who is Gulen? Wasn’t he an ally of Erdogan?

>> Turkish President Recep Tayyip Erdogan found in Gulen a strong ally when he came to power in 2003, a bulwark against a possible military backlash, something that had dogged Turkish leaders for half a century. Gulen and Erdogan, though, fell out in 2013, when a corruption scandal targeting members of Mr Erdogan’s ruling AKP party emerged. Mr Erdogan and others in his party alleged that the Gulenist members of the judiciary had orchestrated the scandal. Since then the government has cracked down on Gulenists in Turkey. Mr Gulen has lived in the United States since 1999 in a self-imposed exile. Now, after a failed coup in Turkey last month blamed on Gulen, Turkey has said it could ask the US government for the extradition of Gulen. Since the coup, Turkish police have detained over 60,000 state employees and dozens of journalists and businessmen allegedly linked to the Gulen movement.

>>Quiete a full-on assault. Will Turkey now force a crackdown on Gulen- linked institutions in Central Asia and South Caucasus?

>> In short, this bureau and the analysts we contacted all agree that Turkey will not go as far as to sever relations with countries that don’t respond to the request to shut down Gulen-linked schools. Apart from Azerbaijan, all other countries are loosely linked with Turkey. Plus, as shown in our story on page 3, these schools are a relative island of quality and reliability in the South Caucasus and Central Asia’s messy educational system. Both Kyrgyzstan and Kazakhstan have shrugged off Turkey’s requests to shut down Gulen- linked schools. Georgia appears also to have pretty much ignored Turkey’s request. Only Azerbaijan, Turkey’s super-tight ally, has gone along with Turkey’s request and closed down a TV station that had planned to run an interview with Gulen and brought under government control a university linked to the Gulen movement.

>>OK, but what about the businesses linked to Gulen?

>> The closest business link between Gulenists and the South Caucasus seems to have been uprooted immediately, with the sacking of Sadettin Korkut, chief of Petkim, a petrochemical complex in Izmir, owned by Azerbaijan’s state-owned SOCAR (See the front page of the Business News). It appears that SOCAR was also keeping a list of Gulen-linked people among its ranks. Together with Korkut, who was later arrested, around 200 other employees of SOCAR-linked companies were sacked. This, however, appears to be a one-off act of loyalty from Azerbaijan’s government to Ankara.

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(News report from Issue No. 291, published on Aug. 1 2016)

Kazakhstan-focused Nostrum drops in H1

JULY 27 2016 (The Conway Bulletin) — Kazakhstan-focused Nostrum Oil & Gas posted a 41% drop in revenues in H1 2016, compared to last year because of continued low oil prices. Production in H1 fell by 12% to an average of 38,993 barrels of oil equivalent per day. The company said that the full-year production forecast remained at an average of 40,000 barrels of oil equivalent per day.

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(News report from Issue No. 291, published on Aug. 1 2016)

Oil output falls in Kazakhstan

JULY 28 2016 (The Conway Bulletin) — Due to sustained low oil prices, Kazakhstan’s oil production could shrink further this year, according to Asset Magauov, deputy energy minister. Mr Magauov said that a majority of the companies operating in the country reported a decline in production in 2015. The official forecast for 2016 is 75.5m tonnes, a 5% reduction compared to last year. In March, then-energy minister Vladimir Shkolnik had projected a production target of 77m tonnes for 2016.

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(News report from Issue No. 291, published on Aug. 1 2016)

Gunman in Kazakhstan states his motives

JULY 27 2016 (The Conway Bulletin) — Ruslan Kulekbayev, who shot and killed six people and injured six others in Almaty in a shooting spree that triggered a major terrorism alert earlier this month, said that there were no religious motives involved in his rampage. The newspaper Vremya published extracts of Kulekbayev’s deposition, where the shooter dismissed any ties with religious organisations. Instead he said that he was protesting against what he said was unfair treatment from the authorities.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 291, published on Aug. 1 2016)

 

Kazakh tenge slides to five-month low

ALMATY, JULY 28 2016 (The Conway Bulletin) — Kazakhstan’s Central Bank said it will not intervene to prop up the tenge currency after it lost 3.5% of its value over the past week, hitting a five-month low of 354/$1 on Thursday.

This is the sharpest drop since February, the tail-end of a two year fall for the tenge during which it has lost half its value against the US dollar.

Even so, Adil Mukhamedzhanov, deputy director for monetary operations at the Central Bank, told Kazakh media that interventions would be light.

“Several factors impacted the exchange rate, chiefly low oil prices and worsening exchange rates of our trading partners,” he was quoted as saying.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 291, published on Aug. 1 2016)

 

Stock market: Nostrum Oil and Gas

AUG 1 2016 (The Conway Bulletin) — Amsterdam-based Nostrum Oil & Gas has posted lower revenues and production in H1 2016, but its share price continued to hold at around 300p because of bullish forward forecasts.

The company’s CEO Kai-Uwe Kessel said that in an era of low oil prices, cost-cutting is paramount. He also said that the company was focusing on building a small pipeline that would reduce its transport costs in 2017.

By focusing on cutting costs, however, the company seems to have been unable to regain either its production or its revenue stream from last year. Both were down by 12% and 41% respectively in H1 2016.

In the company’s statement, Mr Kessel remained confident that Nostrum’s production target will be met by the end of the year.

“We look forward to increasing production throughout the second half of the year to achieve our target 2016 production of 40,000 boepd,” he said.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 291, published on Aug. 1 2016)

Kazakh foreign ministry fires drunk diplomat

JULY 25 2016 (The Conway Bulletin) — Kazakhstan’s foreign ministry commented on the firing of an embassy worker in London, who was caught drunk driving last year. The ministry clarified that the unnamed person was not a diplomat, but a technician, who was removed from his post and sent back to Kazakhstan.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 291, published on Aug. 1 2016)

Angolan soldiers get injured in Kazakhstan

JULY 27 2016 (The Conway Bulletin) — Ten Angolan soldiers were injured in an explosion during an exercise in Kazakhstan, media reported. The injured soldiers were part of the Angolan team that was scheduled to participate in the International Army Games competition in Kazakhstan next week. It is unclear what caused the explosion.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 291, published on Aug. 1 2016)