Monday, 2 November 2015

Kazakhstan faces oil dilemma as prices plunge - FT.com

Kazakhstan faces oil dilemma as prices plunge - FT.com:

"In Texas or the North Sea, oil companies struggling with falling prices are firing thousands of employees. In Kazakhstan, it is not so simple.
The central Asian nation was a poster child of the past decade’s oil boom, building a futuristic capital on the steppe with its hydrocarbon riches, but this year’s tumble in prices has pushed many of Kazakhstan’s Soviet-era oilfields into the red."



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