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Economy

Astana technical water main is 85% complete: why 80 organisations depend on it

A three-kilometre technical water main serving businesses and municipal facilities is being rebuilt. Here is what the reported progress does and does not mean. Astana's city administration said on 8 October that a technical water main is being reconstructed along Dosmukhameduly Street, between Akzhol Street and Alash Avenue. The new line will exceed three kilometres.

Economy

Oil at War: Whose Windfall, Whose Illusion — A View from Kazakhstan

By mid-July a barrel of Brent costs about $78.82 — some 19% above the pre-war level, though early in the month the price had slipped back to seventy. The Strait of Hormuz, through which about 20% of the world's oil passes, is close to shut. Why for an exporting country this is both a gift to the budget and a trap.

Economy

Energy: the hidden currency of civilization

Everything has a price in money, but money has a price in energy. The cost of bread, metal and the internet is ultimately the cost of the energy spent. There is a treacherous quantity too: how much energy must go in to get one unit out. When oil gushed, one unit invested returned a hundred. Today resources come harder.