Economy

    Economy (10)

    Friday, 14 July 2017 06:00

    Spain Pavilion at Expo Astana 2017

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    On 22 November the Bureau International des Expositions (BIE) designated Astana Kazakhstan as the city that will host the International Exhibition from 10 June to 10 September 2017.

    The central theme of Astana Expo 2017, Energy for the future, is designed to reassess our attitude to energy and its consumption. The idea is to provide a platform for global dialogue on strategic priorities in the use of modern energy sources and to seek, in a coordinated manner, a response to the challenges of our day. The main goal is to promote a new energy model for the future, which involves the progressive development of our planet resulting in the wellbeing of future generations.

    An urban “algae farm” producing low-carbon protein and bio-fuel is one of the highlights on show this week at the future energy-themed Astana Expo 2017 in Kazakhstan.

    London-based EcoLogicStudio’s BIO.tech HUT is a three-part pavilion at the biennial world fair event, exploring the boundaries of biologically based architecture. The prototype aims to “probe the future, test scenarios and promote the emergence of a new narrative in future energy”.

    These images show the enormous scale of the world's biggest saw - capable of mining more than 4,500 tons of coal per hour.

    Weighing in at 45,000 tons, the monster saw can slice its way through virtually anything, including huge mountains made entirely of coal.

    The colossal piece of machinery, known as a bucket wheel excavator, is so big it takes 27 miners just to operate it at any one time.

    On June 30, the Shymkent Refinery commissioned a large process facility, which is the isomerisation unit for light gasoline fractions with a pre-hydrotreating block and produced the first certified batch of motor gasolines as per K4 and K5 emission standards. This ended the first stage of the Shymkent Refinery Modernisation and Reconstruction Project.

    Saturday, 01 July 2017 14:18

    Kazakhstan an Emerging Nation

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    Expo 2017 Astana is at the heart of Kazakhstan’s drive to showcase itself as an emerging nation in Central Asia. Thius is being done on the back of its huge hydrocarbon wealth and no efforts were spared to ensure its success. 

     

    With oil being the principal source of revenue for Kazakhstan, despite prices being low since 2015, the government remained committed to ensuring uninterrupted flow of funding for the project. Hill has been playing a major role for the development that had a price tag of nearly $3.3 billion.

    Kazakhstan has resumed the transportation of oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline, Azerbaijan’s Energy Ministry told Trend.

    Roughly 90,000 tons of Kazakh oil was exported through Azerbaijan via the BTC pipeline since early 2017, the Ministry told.

    Kazakh national gas transportation operator KazTransGas built a booster compressor station at the connection TIP-02 between the main gas pipeline "Bukhara gas-bearing region-Tashkent-Bishkek-Almaty" and "Kazakhstan-China", the company said in a message on November 29.

    New oil and natural gas reserves have been discovered in Kazakhstan's Rozhkovskoye field, the country's national oil and gas company KazMunaiGas announced Wednesday.

    Kazakhstan has steadily increased coal production levels in recent years to satisfy growing demand. In terms of production, the country occupies eighth place. The mines currently produce a little more than 120 million metric tons per year (mtpy) of which 97 million mt are consumed domestically and 22 million mt are exported. Kazakhstan has 4% of known world reserves and these reserves are concentrated in 16 main deposits in three coal basins.

     

    Saturday, 10 June 2017 14:14

    Kazkhstan Oil and Natural Gas Industry

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    The break-up of the USSR in December 1991 and the collapse of demand for Kazakhstan’s traditional heavy industry products resulted in a short-term contraction of the economy, with the steepest annual decline occurring in 1994. In 1995-1997, the pace of the government programme of economic reform and privatization quickened, resulting in a substantial shifting of assets into the private sector of Kazakhstan.

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