ASTANA, Kazakhstan—Kazakh President Kassym-Jomart Tokayev easily won a new seven-year term in a snap election in which the second biggest choice by voters was to reject all six candidates, the country’s central elections commission said Monday. Tokayev received more than 81 percent of the votes in Sunday’s election, according to elections commission chairman Nurlan Abdirov….
Russia’s Polymetal Is Studying Possibility of Kazakh Mines Demerger
March 29, 2022
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Business & EconomyCompaniesDemergereconomic policieseconomyEuropeInternationalKazakhMarketsminesPolymetalPossibilityRussiaRussia-Ukraine WarWorld
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Russian gold and silver producer Polymetal is analyzing the possibility of breaking off its Kazakh mines at the request of a group of investors, it said on Monday, adding that it was premature to speak of a decision. London-listed Polymetal, which has a free float of 75.2 percent, is not subject to any Western sanctions…
Oil Slips as Kazakh Supply Concerns Ease
March 25, 2022
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Business & EconomycommoditiescrisisEuropeglobalKazakhMarketsOilRussia-Ukraine WarstockssupplyUkraineWorld
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LONDON—Oil prices slipped on Friday, with some supply concerns easing after a partial export resumption from Kazakhstan’s CPC crude terminal. Brent crude fell $1.29, or 1.1 percent, to $117.74 a barrel at 1049 GMT and U.S. West Texas Intermediate (WTI) crude slid $1.80, or 1.6 percent, to $110.54 after both had dropped more than 2…
Oil Jumps in Volatile Trade Amid CPC Pipeline Disruption
March 23, 2022
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Business & EconomycommoditiesCPCcrudeeconomic policieseconomyEuropeglobalKazakhMarketsOilpipelineRussia-Ukraine WarRussianstocksWorld
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LONDON—Oil prices rose in volatile trading on Wednesday, supported by disruption to Russian and Kazakh crude exports via the CPC pipeline. Brent crude futures were up $5.16, or 4.5 percent, at $120.64 a barrel at 1335 GMT. Prices had earlier fallen to a low of $114.45. U.S. West Texas Intermediate (WTI) crude futures rose $4.83,…
Oil Price Rises as Kazakh Turmoil Adds to Supply Worries
LONDON—Oil prices rose and were heading for their biggest weekly gains since mid-December on Friday as unrest in Kazakhstan and outages in Libya fuelled concerns over supply. Brent crude climbed 76 cents, or 0.9 percent, to $82.75 a barrel at 0939 GMT. U.S. West Texas Intermediate (WTI) crude rose 77 cents, or 1 percent, to…
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