Saudi Arabia restores 2mnbpd out of 5.7mnbpd following drone missile attack

Ian Simm in Edinburgh September 18, 2019

Saudi Arabia has already restored 2mn barrels per day (bpd) of oil production from the 5.7mnbpd that were knocked out by last weekend’s drone and missile attack on its largest production facilities at Abqaiq and Khurais.

Tehran Blog: Who bombed Saudi Aramco’s sites?

bne staff in Tehran September 17, 2019

The missile attack on Saudi Arabia’s Aramco facility in the east of the country on September 15 has become ensnared in a whodunit of confusion and speculation as accusations fly over who was really behind the rocket attack.

NEWSBASE: The attacks on Saudi oil infrastructure are the oil industry's 9/11

bne IntelliNews September 16, 2019

The attacks on Saudi oil infrastructure could turn out to be the oil industry’s 9/11. Reacting to the news, JP Morgan said: “Clearly oil assets have been massively mispriced. The assumption that production facilities are secure is wrong."

When Chinese deals turn sour

Clare Nuttall in Glasgow September 12, 2019

Tighter regulation and growing geopolitical tensions have caused a downturn in global Chinese outward FDI in the past two years. The Central and Eastern Europe region is no exception.

Wave of anti-China protests poses dilemma for Kazakhstan’s new president

bne IntelliNews September 5, 2019

Many ordinary Kazakhs who see the Chinese as an economically invasive force of no benefit to them want Kassym-Zhomart Tokayev to cancel his upcoming visit to Beijing.

KAZAKHSTAN, POST-NAZARBAYEV: Avalanche of news as Tokayev gives first state-of-the-nation address

bne IntelliNews September 3, 2019

New president pledges to support multi-party system and allow peaceful protests. Anti-China demo in oil mining town. Tenge set to weaken further. Political pressure on central bank for affordable credit. Nazarbayeva re-nominated as Senate speaker.

KPMG says Moldovan investor falsified financial statements to claim $500mn from Kazakhstan

Iulian Ernst in Bucharest September 3, 2019

Auditor’s decision to withdraw three years of reports is likely to change the outcome of the $500mn international legal battle between businessman Anatol Stati and the Kazakh state.

Central Asian currencies track ruble in hitting slippery slope

bne IntelliNews August 28, 2019

Kazakh, Uzbek and Tajik currencies slide to new lows. Pressures include over-dependence on Russian economy and US-China trade war impacts. Oil price weakness hurts Kazakhstan.

Stagnation in Russia: how many opportunities are there for international (investment) banks in the rest of the CIS region?

Gunter Deuber of Raiffeisen Research in Vienna August 28, 2019

Russia is not a growing market for international banking and capital market business at present. That's why people like to look for business and deal opportunities in smaller regional markets in the CIS region.

Google, Mozilla and Apple block Kazakhstan “trust” certificate that spies on citizens’ internet use

bne IntelliNews August 23, 2019

Internet giants move against security measure introduced following election protests that severely embarrassed new president.