In mid-March Kazakhstan’s president Nursultan Nazarbayev announced a reshuffle of government posts in a move widely interpreted as a harbinger of increased state influence over the country’s much-prized oil and gas reserves. The changes are also seen as a move to increase the contribution of the non-oil-and-gas sector of the economy.
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Sauat Mynbayev will head up the new oil and gas ministry |
Prominent in the reorganization was a new oil and gas ministry, which will take over regulatory oversight of the country’s hydrocarbon reserves from national oil company KazMunaiGas.
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