Kazakhstan Moves Up Three Slots on Latest Corruption Perception Index
BY AIMAN TUREBEKOVA in NATION on 29 JANUARY 2016

ASTANA – Kazakhstan last year scored 28 points, moving from 126th in 2014 to 123th place in the Transparency International Corruption Perception Index.

Bribery
Photo: forbes.com

Based on expert opinion from around the world, the CPI assesses perceived levels of public sector corruption worldwideon a scale from 0 (highly corrupt) to 100 (very clean).

The calculation of the CPI carried out in Kazakhstan was based on eight international researches; experts in surveys and questionnaires answered questions about their perception of the level of corruption in Kazakhstan in the spheres, such as economy, law and democratic reforms.


Wow no wonder Khasakstan : CASH ALL GONE

Let the people read my comments and Jimmy. Let people decide which is sound, which is logical. If they believe Jimmy is correct. Then I congratulate Jimmy in advance for putting up a good set of insights

I am not here to debate. Please get Reach Energy to issue a statement to Bursa Malaysia, that Tabung Haji will support the QA. Or better still ask Tabung Haji head Azeez if a political decision has been made, not to support the QA. Shahul in Daya, His daughter head of legal. In the private companies that he is advisor. His daughter there...all related to dealings with Personas. The Reach a set I already said.. I am not qualified to say good or not. The ECONOMIST say that the biggest oil and gas investment in Khasakstan is now known as : CASH ALL GONE

:))) .. use logic. pong 7..if got hanky panky in Khasakstan project latter (assuming TH had support deal)...What are the chances of Mkini and Malaysia Chronicle claiming that Rosmsh is behind it.? Therefore a political decision was made..TH will NOT support the QA. Ask Reach deny this statement to Bursa lah

The QA will not go through. Tabung Haji will soon withdraw because this is political dynamite that can shake the corridors of powers in Putrajaya

Pong 7. I don't know. Pls go to internet. Verify the articles that I posted, and check Daya annual report. Then make your own conclusions

REACH QA will fail because it's s political liability... And RO1. Klept...or I forget how to spell what the US Justice Department say

Who is this guy ...Tabung Haji Investment Committee...is he your former boss in Shell? Did he train y you?Are you guys in cahoots...kill many birds in one Stone. A,)machai machai share money. b)When shit hit the fan...pretend know nothing and blame Rosmah.c)Open a new front to attack Najib. Azeez check who instructed buying of Reach shares, what is their connection to Reach Official 1(RO1)...a clue SHELL

Write a comment..or not. Go check Daya annual report. See with is the legal. Evaluate the two article. Tabung Haji playing with FIRE. Khasakstan is TABOo in PMO..why Azeez Tabung Haji want to put heat on Rosmsh now? Why why why? What is his agenda

I am not asking you to vote yes or no. But read the articles above. If oil majors can get it wrong..Are you going to bet that Reach Energy will get it spot on? The Kazakh president wants to put his daughter in power. When Shahul Hamid was in Daya..his daughter is legal advisor with fat pay. Hey Reach Hamid deserve to be in Kazakhstan but NOT with OUR money.nepotisme is no good. Fish rot from head

Jimmy Song is WRONG.. ii not hovering around 50. It is below 45.70 . And what is Tabung Haji doing in KKazakhstan vis Reach. Trying to put more HEAT on our Prime Ministers wife is it???PMO office start watching the Tabung Haji PKR Peribumi boys. Reach is filled with Mahathirs people.

Kazakhstan President Nursultan Nazarbayev, who’s ruled central Asia’s largest energy producer since 1989, appointed his daughter to the Senate, sparking speculation that she may be in line to succeed him.
Dariga Nazarbayeva’s move to senator from deputy prime minister in a government shuffle brings her closer to the succession set out in the Kazakh constitution, which states that the chairman of the senate becomes head of state if the president dies or leaves office early.
“Unnerved by recent events in Uzbekistan, where the constitution was de jure violated when the prime minister, not the head of senate, was named as acting president, Nazarbayev is eager to put his house in order before leaving his post,” Kate Mallinson, a partner at London-based political risk advisory GPW & Co., said by phone. “Nazarbayev has always been keen to appear as an international statesman and would like to make the transition proceed in a constitutional manner, albeit a dynastic succession.”


Kazakh Leader Sends Daughter to Senate, Sparks Succession Talk
Nariman Gizitdinov
September 13, 2016 — 11:51 PM HKT
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Nazarbayev may be readying dynastic transition, analyst says
Constitution says senate head is first in line after president
Kazakhstan President Nursultan Nazarbayev, who’s ruled central Asia’s largest energy producer since 1989, appointed his daughter to the Senate, sparking speculation that she may be in line to succeed him.
Dariga Nazarbayeva’s move to senator from deputy prime minister in a government shuffle brings her closer to the succession set out in the Kazakh constitution, which states that the chairman of the senate becomes head of state if the president dies or leaves office early.
“Unnerved by recent events in Uzbekistan, where the constitution was de jure violated when the prime minister, not the head of senate, was named as acting president, Nazarbayev is eager to put his house in order before leaving his post,” Kate Mallinson, a partner at London-based political risk advisory GPW & Co., said by phone. “Nazarbayev has always been keen to appear as an international statesman and would like to make the transition proceed in a constitutional manner, albeit a dynastic succession.”

Nazarbayev, 76, is the last leader of a former Soviet republic who’s kept power since independence, following Uzbek President Islam Karimov’s death this month. He moved long-serving premier Karim Massimov to be head of the Kazakh National Security Committee last week, on the same day the Uzbek parliament named Prime Minister Shavkat Mirziyoev as acting president when the senate chairman, who was in line to take the post under the constitution, stood aside.
Social Tensions
While he hasn’t said when he may step down, Nazarbayev said there’ll be a transition from his rule after he won a fifth term as president in April 2015. At the same time, he’s grappling with the consequences of the collapse of oil prices, which forced Kazakhstan to devalue its currency by 46 percent last year, spurring inflation to the fastest since 2008 and contributing to rising social tensions that included land protests in the spring.
Kazakhstan’s present Senate chairman, Kassymzhomart Tokayev, a former prime minister, has held the position since 2013. The president nominates a candidate for the position and senate members vote to confirm the appointment.
“If Dariga indeed becomes chairman of the Senate, (and then ultimately president) she will have her ally, the new Prime Minister Bakytzhan Sagintayev, at her side,” Mallinson said. “This explains Massimov’s sudden departure from the premiership.”
Nazarbayeva, 53, became deputy prime minister in September last year. She was named deputy speaker of parliament’s lower house, the Majilis, and leader of her father’s party faction in the chamber in 2014. That appointment marked her political comeback after she fell out of favor when her former husband Rakhat Aliyev, now deceased, fled the country and was charged with organizing the kidnapping of two bank executives.


WAH : Can KIDNAP Meh!!!!

World’s Most Expensive Oil Project Could Finally Come Online

By Nick Cunningham - Sep 14, 2016, 2:36 PM CDT
Kashagan oilfield
One of the world’s largest oil projects could soon come online, bringing a rush of new supply that could delay the oil market balance.

The Kashagan oilfield is years behind schedule, but the massive project could soon begin operations. Located it the Caspian Sea in Kazakhstan, the oil field was supposed to come online a decade ago, but the uniquely complex project has bedeviled its owners – Eni, Exxon, Shell, Total and the Kazakh government.

The field has a price tag north of $50 billion, raising questions about how and if the companies will ever be paid back. First things first – the operators must bring the field into operation.


x
In October, that objective could finally be realized. The companies estimate that Kashagan could result in 370,000 barrels per day coming online within the next year, which, if true, could delay the balancing of the global oil market. The IEA already sees supply exceeding demand through the first half of 2017, but an additional 370,000 barrels per day could push the “balancing” back by a few months.

On the other hand, not everyone believes such rosy estimates from Kashagan’s owners. Wood Mackenzie says that the field will still cause problems for Eni and its partners. WoodMac only expects the field to produce 154,000 barrels per day in 2017, not 370,000 bpd. In fact, the consultancy doesn’t expect Kashagan to hit that threshold until 2026 at least, a stark difference from the oil companies’ estimates.

Kashagan began with great promise. It was one of the largest oil discoveries in some four decades when it was made in 2000, but it has been an enormous headache for its owners. That is because of the extraordinary challenges that it poses: The field is located thousands of feet below the Caspian Sea; Eni and its partners had to setup manmade islands to drill through; they have to deal with sea ice in the winter; and the field is also rife with poisonous hydrogen sulfide gas.

It was that deadly gas that corroded a key pipeline connecting the field to onshore processing facilities. When the pipeline leaked in 2013, the whole project was forced to shut down. The companies have been trying to solve that problem ever since.

The laundry list of problems, delays, and cost overruns led The Economist to nickname the project “Cash All Gone,” a play on the oilfield’s name.

But no matter, the oil major’s involved are desperate to bring the field online in order to start to recoup some of the $53 billion they spent on the project. If they succeed, the global oil market will see a new source of supply. As David Sheppard of The Financial Times put it on Sept. 13, “[i]t is, perhaps, one of the great ironies of the current downturn that a project unlikely to be commissioned in today’s environment should set back the long hoped for rebalancing of the oil market.

Khasakstan : CASH All Gone

It is not often a non Malay company can tell you that more than 70 per cent of their revenue comes directly from the Government of Malaysia, then one better start paying some attention.
It's not often too, for an ACE company to have a profit base of around RM10 million a year.
Clearly HSS looks more like a main board company, and one suspects this IPO is just a spring board for HSS to eventually move to the main board.
HSS IPO is at 50 sen a share, and this company upon listing will have an order book of above RM300 million. This will make HSS as one ACE listed entity with the largest book order to go.
The IPO advisors for HSS is M&A Securities and there starts it's "link"with Inari.
But make no mistake HSS can stand on its own and out punch anyone in its weight class.So do read the HSS IPO, and then talk to your remissers and you will see 70 sen a share at first stage for HSS is sap sap sui.

Rumours aside, HSS despite being owned by non bumis, boast some 71 per cent of their revenue directly coming from government contracts.Thats about 70m a year. HSs has an order book of 300m. With the government having some RM20b of contracts on its plate to award. HSS being the sole listed company in this field looks like it will have a great short of securing a lion share of the job. If this happens. HSS sooner rather than later will be a main board company.

HSS will hit 70 sen on maiden trading day. At 5pm it will announce that Chua Ma Yu is cornerstone investor. Remember in Malaysia rumours are often more real than fiction. Buy this IPO