Kazakh prime minister resigns

Daniel Akhmedov had recently curtailed the power of Western oil companies.

    Kazakhstan produces about a million barrels of oil a day [EPA]

    Akhmetov had been Kazakh prime minister since June 2003 - he is a career politician and a Nazarbayev supporter.
     
    Nazarbayev, the country's leader since Soviet times, reappointed him to the post last January.
     
    The country is rich in natural gas and produces about a million barrels of oil a day, which it pumps mainly to the West.
     
    It has ambitions to triple output by 2015, pushing it into the world's top 10 producers.
     
    Western energy companies have poured money into Kazakhstan since the breakdown of the Soviet Union.
     
    Oil companies in particular have complained of a change in the law which states that Kazakhstan's main state oil company must own half of all future investments, while foreign companies bear the burden of exploration costs - a change instigated by Akhmedov.

    SOURCE: Agencies


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.