Exit stage left for Nazarbayev
Kazakhstan's president departs after decades of tight control. Could it kickstart a privatisation push?
Nursultan Nazarbayev, Kazakhstan's first and only leader since independence, agreed in mid-March to relinquish the presidency after almost 30 years at the helm of Central Asia's largest economy, while retaining a title of "leader of the nation". In a move than surprised regional analysts, the Kazakh strongman resigned saying he wanted to "support the coming to power of a new generation of leaders, who will continue the transformations taking place in the country". The powers that Nazarbayev will retain, however, has led to scepticism he will fully step back from politics. In 2017, he was awarded lifelong chairmanship of the Security Council, which allows him to dismiss government functionari

Also in this section
23 May 2025
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
22 May 2025
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections