LYCOS RETRIEVER 
Kazakhstan: Caspian Sea
built 630 days ago
Kazakhstan was one of the first Caspian states to open its domestic electricity market to foreign investors. After Kazakhstanenergo was divested of its power generation facilities in 1997, Kazakhstan privatized most of its major generating stations, and virtually all of its generating capacity now is privately owned. In October 2000, Kazakhstan and Russia announced that they had reached an agreement whereby Russia's UES would receive a 50% in the Ekibastuz State Regional Power Station 2 in Pavlodar--the last power station not to be privatized--to cancel out Kazakhstan's $300 million debt to UES for electricity supplies. Russia and Kazakhstan plan to eventually create a vertically integrated company called the Ural Heating and Energy Complex, which will unite several Russian power stations with Ekibastuz and two coal mines in north Kazakhstan.
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Kazakhstan's government is a republic consisting of three branches: the executive, legislative, and judiciary. The head of the executive branch is the president, who is elected every seven years. The president has the responsibility of electing his Cabinet of Ministers. The legislature consists of a bicameral body with a Senate and a Majilis, where the senate has 39 seats and the Majilis has 77 seats. The judicial branch consists of the Supreme Court and the Constitutional Court.
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Kazakhstan has a bicameral Parliament, made up of the lower house (the Majilis) and upper house (the Senate). Single mandate districts popularly elect 67 seats in the Majilis; there ... are ten members elected by party-list vote rather than by single mandate districts. The Senate has 39 members. Two senators are selected by each of the elected assemblies (Maslikhats) of Kazakhstan's 16 principal administrative divisions (14 regions, or oblasts, plus the cities of Astana and Almaty). The president appoints the remaining seven senators. Majilis deputies and the government both have the right of legislative initiative, though the government proposes most legislation considered by the Parliament.
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Kazakhstan consists of a vast flatland, bordered by a high mountain belt in the southeast. It extends nearly 2,000 mi (3,200 km) from the lower Volga and the Caspian Sea in the west to the Altai Mts. in the east. It is largely lowland in the north and west (W Siberian, Caspian, and Turan lowlands), hilly in the center (Kazakh Hills), and mountainous in the south and east (Tian Shan and Altai ranges). Kazakhstan is a region of inland drainage; the Syr Darya, the Ili, the Chu, and other rivers drain into the Aral Sea and Lake Balkash. Most of the region is desert or has limited and irregular rainfall.
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ALMATY, Kazakhstan, Oct. 12 /PRNewswire-FirstCall/ -- Caspian Services Inc. (OTC Bulletin Board: CSSV) is pleased to announce the appointment of Mr. Joseph Borg to the position of Fleet Manager. Mr. Borg is a Maltese national with extensive experience in fleet management and marine operations gained over a 30-year international career in the Far East, Middle East, Caspian Sea and Europe. During his extensive career, Mr. Borg has worked for Western Geophysical, Schlumberger and BGP.
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As one of the Caspian Sea's five littoral states (along with Azerbaijan, Iran, Russia, and Turkmenistan) Kazakhstan has been involved in longstanding disputes over control of potential Caspian Sea oil reserves. In May 2002, Russia and Kazakhstan signed an agreement dividing several northern Caspian oil fields on an equal basis. Despite many similar bilateral and tri-lateral accords, many questions of ownership among the five nations remain unresolved.
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