Strategic Eurasian business opportunities and geo politics 2013-2050 Energy projects, Oil and Gas, Pipeline Politics, Banking and Finance, Food processing : Kazakhstan has the worlds biggest ratio of natural resources per capital and one of the fastest growing emerging market. The country is very dependant on commodity prices as shown in recent crises in 2008 and now has The National Fund of Kazakhstan is now 100% invested abroad and provides a cushion as it is a very high percentage of GDP. Nordic Partnership + 44 0207 193 3604 www.nordicpartnership.com

Sunday, 21 April 2013

Kazakhstan Expects Oil Fund to Reach $100 Billion by 2015

By Svetlana Antoncheva - Aug 28, 2012 6:22 AM GMT+0100
Kazakhstan’s government expects assets held by its sovereign wealth fund to more than double to $100 billion by 2015, Economic Development and Trade Ministry said in a statement distributed today in the capital, Astana.
The value of assets held by the National Oil Fund reached $53.3 billion in July, the Central banksaid Aug 6.
Kazakhstan, which holds about 3 percent of the world’s oil reserves according to BP Plc (BP/), created the National Oil Fund in 2000 to guard against declines in the price of crude. The fund holds 80 percent of its assets in bonds and 20 percent in stocks, the central bank said in November 2010.
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