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