Kazakhstan appoints new PM

Karim Masimov is nominated for the job by Nursultan Nazarbayev, the president.

    Kazakhstan is emerging as a major non-Opec oil-producing country [AP]  

    Kazakhstan is emerging as a major source of non-Opec oil and international majors Chevron, Eni SpA and Shell have billions of dollars invested in energy projects there.

       

    The state has been seeking a bigger role in the oil sector and investors will watch closely to see if the new prime minister continues this trend.

       

    It was unclear why Akhmetov had resigned. Nazarbayev keeps a tight rein on ministers and often reshuffles senior officials to balance the clans around him.

     

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    How different voting systems work around the world

    How different voting systems work around the world

    Nearly two billion voters in 52 countries around the world will head to the polls this year to elect their leaders.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    The great plunder: Nepal's stolen treasures

    The great plunder: Nepal's stolen treasures

    How the art world's hunger for ancient artefacts is destroying a centuries-old culture. A journey across the Himalayas.