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


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