Thursday, October 18, 2018

Tag: Kazakhstan

It’s Not Just the Oil. The Middle East War and the Conquest of Natural...

Are the Wars in the Middle East and North Africa Really About Oil? The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority before 9/11. The...

Song Xin: Increase Gold Reserves And Join SDR

The Chairman of the China Gold Association and General Manager and Party Committee Secretary of China National Gold Group Corporation, the latter being China's largest gold mining enterprise, is Song Xin and happens to be one of my favorite commentators in China. This gentleman made waves in July 2014...

Erdoğan and Putin discuss closer ties in first meeting since jet downing

Turkish president holds talks in St Petersburg with Russian counterpart, thanking him for support in wake of last month’s coup attempt. Vladimir Putin and Recep Tayyip Erdoğan held a clear-the-air summit in St Petersburg on Tuesday, the first time the pair have met since they fell out over the Russian...

Chinese fund eyes Glencore’s gold mine in Kazakhstan

China's Silk Road Fund, a US$40 billion pool set up to invest along the ancient trade routes with Central Asia, is discussing a joint bid for Glencore Plc’s gold mine in Kazakhstan. The fund is partnering with China National Gold Group Corp on a possible joint offer for the Vasilkovskoye...

SCO alignment of regional cooperation with Belt and Road Initiative – Chinese Commerce Minister

TASHKENT, June 24 (Xinhua) -- The Shanghai Cooperation Organization (SCO) will enter a new phase of aligning regional economic cooperation with fulfillment of the "Belt and Road" initiative, on the basis of great contribution in the past, a senior Chinese official said here Thursday. During the past 15 years since...

Xi, Putin meet on promoting SCO’s regional role

TASHKENT, June 23 (Xinhua) -- Chinese President Xi Jinping and his Russian counterpart Vladimir Putin met here Thursday on enhancing bilateral ties and promoting the Shanghai Cooperation Organization (SCO)'s role in regional development and security. The two heads of state met briefly late Thursday ahead of the 16th SCO summit...

China, Russia expected to sign multibillion dollar high-speed rail deal during Putin’s visit to...

A multibillion-dollar high-speed rail deal between China and Russia is expected to be signed during Russian president Vladimir Putin's visit to Beijing this week, when the two nations are expected to extend military cooperation. China’s foreign ministry spokesman Lu Kang announced on Monday the Putin would start his state visit...

China’s High-Speed Rail Diplomacy

Beijing Sets its Sights on the U.S. Market. A sense of uncertainty hangs over American infrastructure, as the United States muddles through with its aging nuclear plants, careworn bridges, and potholed highways. In past eras, the United States excelled at building major projects; now, it lags behind other countries. That...

SCO defense ministers’ conference held in Kazakhstan

ASTANA, June 8 (Xinhua) -- Chinese State Councilor and Defense Minister Chang Wanquan said here Wednesday that maintaining regional security is the top priority for the Shanghai Cooperation Organization (SCO) countries. Chang made the remarks when he addressed the 13th conference of SCO defense ministers, which was held in the...

Should Russia Be Afraid of Chinese Plans in the Far East?

A recent memorandum of cooperation signed by Moscow and Beijing has Russians worried about Chinese “colonization” of the Far East. However, a careful analysis of the situation suggests there is little reason for Russians to fear Chinese industrial expansionism. After hearing Russian politicians and pundits react to Moscow and Beijing’s...

BRICS bank, AIIB ready to follow China by financing Moscow-Kazan high-speed railroad

The total cost of the Moscow-Kazan high-speed railway line is estimated at $16.9 bln, while the section may later be extended to China, connecting the two countries across Kazakhstan. SOCHI, June 3. /TASS/. The New Development Bank BRICS (NDB BRICS) and Asian Infrastructure Investment Bank (AIIB) are ready to follow...

China’s New Silk Road Into Europe Is About More Than Money

Beijing is spending billions on new ports and rail lines, but its ambitions for Europe are as much about geopolitics as commerce. China is actively building out the European portion of its ambitious new “Silk Road” plan, with port deals from Greece to the Netherlands, railroad investments in Greece, Serbia,...

The Desperate Plight of Petro-States

With a Busted Business Model, Oil Economies Head for the Unknown. Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil...

China and Russia Continue to Add to Gold Reserves

Last week we reported that central banks were jettisoning US debt and buying gold. Figures released by the IMF this week indicate central bank gold hoarding has not abated. Russia and China both extended their prolonged buying spree in April. Russia added 16.2 tons to its reserves. China increased its holdings...

Chevron-led Consortium to Invest Up to $37 Billion in Kazakh Oil Field

ASTANA, Kazakhstan - Chevron Corp. and its partners agreed to invest up to another $37 billion to increase output at a Kazakhstan oil field that is among the world’s most expensive, the country’s energy minister said on Wednesday, a rare big spending commitment during a prolonged crude price slump. The...

Now Is Not a Normal Time: Central Banks Buying Piles of Gold

These are not normal economic times. Interest rates have remained artificially low, plunging into negative territory in many places. Central banks continue to inflate the money supply with quantitative easing. Some policy-makers have even floated the idea of helicopter money. Worldwide money printing is reportedly approaching $100 trillion. There is no...

Central Bankers’ Wisdom Faulted as Gold Holdings Surge 25%

The great gold rush of 2016 is gathering pace. Holdings in exchange-traded funds have now surged by a quarter, with investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide. The holdings have increased to 1,822.3 metric...

Eurasia Silk Road Economic Transformation

Over recent months I have often written about the potential of China’s strategic One Belt, One Road Eurasian and Asian infrastructure Great Project to act as a global economic transformer toward positive, sustained economic growth. It’s becoming clear by the day that strategic economic planners in Beijing have been...

The Collapse of the Western Fiat Monetary System may have Begun. China, Russia and...

On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed...

China develops continent-spanning railroad to Europe

China is pioneering a trans-continental rail service carrying cargo between the Far East and Western Europe with the aim of capturing some of the freight which currently moves by sea and air. China has the financial resources and the economic incentive to build a major transcontinental railroad service within the...

China And The Middle East – Is The Balance Shifting?

Onlookers might have been surprised a few weeks ago to see the Ambassadors of China and Turkmenistan standing side by side in the rather inauspicious surroundings of the Tehran railway station to witness the arrival of a freight train containing small commodities. This was however no ordinary freight train, but...

Non OPEC Oil Production To Collapse In 2016

The IEA Oil Market Report, full issue, is now available to the public. Some interesting observations: Non-OPEC oil supplies are sharply lower in December. Overall supplies are estimated to have slipped by more than 0.6 mb/d from the month prior, to 57.4 mb/d. A seasonal decline in biofuel production, largely...

Iran Completes Eurasian Golden Triangle

Sometimes profound tectonic shifts in the global politics arise from least noticed events. Such is the situation with Iran and the recent visit to Teheran of China’s President Xi Jinping. What emerged from the talks confirms that the vital third leg of what will become a genuine Eurasian Golden...

Economy and Sanctions Derail Russia’s Central Asian Investments

After years of embarking on promising forays into Central Asia’s economy, Russia is being forced to pare back its ambitions. The starkest retreat of Russian money is seen in Kyrgyzstan, whose parliament voted overwhelmingly last week to cancel a deal with Russian companies to build two major hydropower facilities. The...

Turkey Hunts for Alternatives to Russian Energy

With Russian-Turkish relations bottoming out after Turkey’s downing of a Russian military jet last November, Ankara is scrambling to reduce its dependency on Russian gas. But the help it needs from post-Soviet energy producers may not be swift in coming. The Caspian Sea state of Azerbaijan, Turkey’s closest ally in...

Lights Out for the Putin Regime – The Coming Russian Collapse

Russian President Vladimir Putin used to seem invincible. Today, he and his regime look enervated, confused, and desperate. Increasingly, both Russian and Western commentators suggest that Russia may be on the verge of deep instability, possibly even collapse. This perceptual shift is unsurprising. Last year, Russia was basking in the...

China’s New Grand Strategy for the Middle East

After decades of distance, China is moving closer to the region’s sectarian feuds — and its vital oil reserves. At the start of 2016, prospects weren’t good for what would later become one of Chinese President Xi Jinping’s most consequential international tours. The January execution of leading Shite cleric Sheikh...

Ukraine tests new shipping route to Asia bypassing Russia

Ukrainian authorities on Jan. 15 launched an experiment that may allow the country to bypass Russia completely when shipping goods to Asia. A demo container train sent from the Illichivsk Port to Kazakhstan is now testing the new trade route. The train will arrive in Kazakhstan in 12 days. On...

Russia Breaking Wall Street Oil Price Monopoly

Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the...

Conoco quits Russia after 25 years

ConocoPhillips, one of the pioneers of foreign investment in the Russian oil and gas industry, has completed a full retreat from the country by selling out of its Polar Lights joint venture with Rosneft. Conoco’s decision to leave Russia after more than 25 years highlights the challenges facing foreign investors...

Article Filter Options