Kazakhstan … Not Only Oil & Gas, But Uranium As Well

Noticed yet another example of Kazakhstan – in this case, Kazatomprom – extending its influence in the world’s natural resource markets. Given its immense potential as a natural resource supplier, I’m sure Kazakhstan will continue to see a lot of strategic interest from its regional neighbors (China, Russia, etc.) as well as other forward-thinking nations in the years ahead.

Kazakhstan to buy Westinghouse stake from Toshiba

Kazakhstan is to pay 486.3 million dollars to buy a stake in US nuclear reactor firm Westinghouse from its majority owner Toshiba, news reports said Saturday.

The Japanese giant will sign an agreement this month to sell a 10-percent stake in Westinghouse to state-run uranium firm Kazatomprom for slightly more than 60 billion yen, the Nikkei newspaper said.

By forging ties with uranium-rich Kazakhstan Toshiba, which holds a 77-percent stake in Westinghouse, aims to secure stable supplies of the resource used by power plants, Jiji Press said….

You can read the entire article here.

This entry was posted on Sunday, July 8th, 2007 at 2:11 am and is filed under Kazakhstan.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.