Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Kazakhstan trade trip poses human rights test for UK's Cameron

Sun, 30th Jun 2013 20:01

* Cameron is first British PM to visit Kazakhstan

* British leader wants business deals, help on Afghanistan

* Activists say he must raise human rights issues too (Adds fresh Cameron quotes, details, background)

By Andrew Osborn

ATYRAU, Kazakhstan, June 30 (Reuters) - British PrimeMinister David Cameron helped inaugurate the world's costliestoil project in Kazakhstan on Sunday on a trip aimed at sealingbusiness deals but quickly beset by questions over the CentralAsian nation's poor human rights record.

Kazakhstan hopes Cameron's visit, the first by a servingBritish prime minister, will cement its status as a risingeconomic power and confer a degree of the legitimacy from theWest it has long sought.

The visit takes place just days before the nation marks 15years since the founding of the new Kazakh capital Astana, alsothe 73rd birthday of President Nursultan Nazarbayev, a nationalholiday and cause for celebration that has been anticipated fordays in state media.

Nazarbayev, a former Communist party apparatchik, hasoverseen market reforms and maintains wide popularity among the17-million strong population, but has tolerated no dissent oropposition during his more than two decades in power.

Cameron said he hoped the 30 businessmen accompanying himwould sign over 700 million pounds worth of deals during histwo-day trip.

"We are in a global race for jobs and investment. This isone of the most rapidly emerging countries in the world,"Cameron told reporters on his arrival in the Kazakh oil capitalAtyrau.

His office said he aimed to "put British businesses in primeposition to secure contracts that the Government believes couldtotal £85 billion in the coming years".

Cameron is also hoping to persuade Kazakhstan to expandtransit rights for British military forces relocating equipmentfrom Afghanistan between now and a planned withdrawal next year.Nazarbayev has already granted overflight rights, but Cameron islooking for land transit rights too.

Cameron and Nazarbayev together opened the Bolashak (Future)oil plant which will process crude that is due to start flowingfrom the giant Kashagan offshore oilfield in September.

Royal Dutch Shell has a 16.81 percent stake in the facility,which is in the Kazakh segment of the Caspian Sea. Nazarbayevsaid last week consortium members had so far invested $48billion, making it the most expensive oil venture in the world.

TEMPTING TARGET

As Britain's trade with the euro zone suffers because of thecurrency bloc's debt woes, it is looking further afield to forgebusiness links with countries that have enjoyed rapid economicgrowth in recent years.

With a $200 billion economy, the largest in Central Asia,and deep oil and gas reserves, Kazakhstan is a tempting target.

Britain is already among the top three sources of foreigndirect investment, according to Kazakh officials.

Since its 1991 independence, officials say British firmshave invested about $20 billion in their economy, part of atotal $170 billion ploughed into Kazakhstan since then.

But more high profile trade links carry political risks.

New York-based Human Rights Watch said Cameron had a duty touse his trip to denounce human rights abuses.

"We are very concerned about the serious and deterioratinghuman rights situation there in recent years, including credibleallegations of torture, the imprisonment of government critics,(and) tight controls over the media and freedom of expressionand association," it said in a letter on Friday.

Answering questions from reporters in Atyrau on Sunday,Cameron said he never put trade and business interests beforerights.

"We will raise all the issues, including human rights.That's part of our dialogue and I'll be signing a strategicpartnership with Kazakhstan," he said.

"Nothing is off the agenda, including human rights."

Activists most want Cameron to bring up the case of VladimirKozlov, a jailed opposition leader, when he meets Nazarbayev.

An outspoken critic of the Kazakh leader, Kozlov was jailedfor seven-and-a-half years in October for colluding with afugitive billionaire in a failed attempt to rally oil workers tobring down the government. Kozlov denied the charges.

Nazarbayev, a former steelworker who now holds the title"The Leader of the Nation", says that he puts stability andrising living standards before hasty political changes in hissteppe nation, the world's ninth-largest by area and five timesthe size of France.

Comparing Kazakhstan to "Asian economic tigers" like SouthKorea and Singapore, he has said he wants to turn it into "theeconomic snow leopard of Central Asia". (Additional reporting by Dmitry Solovyov; in Almaty; Editing bySonya Hepinstall)

More News
17 Jan 2022 10:06

Crown Estate Scotland offers 17 projects seabed rights for offshore wind

LONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has made option agreements to 17 projects which reserve the rights to specific areas of seabed in its ScotWind leasing round which is aimed at supporting wind energy development.O...

Read more
17 Jan 2022 09:20

UPDATE 2-FTSE 100 hits two-year high as GSK boosts

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Unilever worst performer on the FTSE 100* Homebuilders gain as UK home prices soar in early 2022* Taylor Wimpey expects annual results in-l...

Read more
14 Jan 2022 17:48

UPDATE 1-Alberta prioritises oil sands' carbon storage hub, energy minister says

(Adds more details on CCUS)By Nia WilliamsCALGARY, Alberta, Jan 14 (Reuters) - The government of Alberta, Canada's main oil-producing province, plans to move forward "very, very quickly" on its next carbon sequestration hub in the Cold Lake region...

Read more
14 Jan 2022 13:56

UPDATE 1-Brazil's Petrobras trims 2022-2026 production outlook

(Recasts with details, context)SAO PAULO, Jan 14 (Reuters) - Petroleo Brasileiro SA (Petrobras) on Friday lowered its 2022-2026 production outlook to reflect production-sharing agreements involving the Atapu and Sepia oilfields.Brazil's state-run ...

Read more
14 Jan 2022 11:57

For BP, car chargers to overtake pumps in profitability race

* BP focusing on fast battery chargers, executives says* Fast chargers almost as profitable as petrol filling* BP and rivals targeting big growth in EV chargingBy Ron BoussoLONDON, Jan 14 (Reuters) - BP says its fast electric vehicle chargers are on...

Read more
14 Jan 2022 09:55

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

LONDON BROKER RATINGS: Exane BNP cuts BAE Systems and Rolls-Royce

Read more
13 Jan 2022 18:49

Shell to hand over Deer Park refinery to Pemex next week -sources

By Ana Isabel MartinezMEXICO CITY, Jan 13 (Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday.Royal Dutch S...

Read more
13 Jan 2022 09:50

Shell seismic tests approval complied with rules, S.Africa minister says

JOHANNESBURG, Jan 13 (Reuters) - Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's e...

Read more
13 Jan 2022 06:49

UPDATE 3-Activists behind Shell climate verdict target 30 multinationals

* KLM, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds company responses)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutc...

Read more
13 Jan 2022 06:49

UPDATE 2-Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to move (Adds other companies receiving letters; edits)By Anthony Deutsch and Simon JessopAMSTERDAM/LONDO...

Read more
13 Jan 2022 03:00

Activists behind Shell climate verdict target 30 multinationals

* KLM, Ahold, ABN Amro among those to get letters* Milieudefensie seeks science-aligned net-zero plans* Warns court an option if companies slow to moveBy Anthony Deutsch and Simon JessopAMSTERDAM/LONDON, Jan 13 (Reuters) - The Dutch wing of environm...

Read more
12 Jan 2022 06:43

UPDATE 4-Equinor warns of $1.8 bln UK oilfield impairment

* Mariner field is producing less oil than expected* Reserve estimate downgraded* Operator Equinor holds a 65% stake (Adds partners comment, background)By Terje Solsvik and Nerijus AdomaitisOSLO, Jan 12 (Reuters) - Norwegian energy group Equinor wa...

Read more
10 Jan 2022 12:16

Thyssenkrupp IPO candidate UCE to build 200 MW electrolyser for Shell

FRANKFURT, Jan 10 (Reuters) - Thyssenkrupp's hydrogen unit Uhde Chlorine Engineers (tkUCE), which the German conglomerate plans to list in spring, has signed a deal to deliver a 200-megawatt electrolyser to oil major Shell, it said on Monday.The ...

Read more
7 Jan 2022 09:28

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

LONDON BROKER RATINGS: Shell cut to Neutral; Centamin raised to Buy

Read more
7 Jan 2022 09:12

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

LONDON MARKET OPEN: "Apprehensive" trade as investors look to nonfarms

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.