AUG. 13 2014 (The Conway Bulletin) – This is the age of austerity and when money is tight, costs have to be trimmed.
That’s certainly the message Kazakh president Nursultan Nazarbayev was sending out when he announced that he was merging several ministries.
“It is hard to understand, why one government body must be responsible for oil and gas, while another one deals with solid energy resources, the third department controls the power grid and the fourth one the nuclear industry,” Reuters quoted Mr Nazarbayev as saying. “This is why I believe it is time to concentrate the entire energy sector in the hands of one person.”
He appointed his ally Vladimir Shkolnik head of a new super Energy Ministry that merged the Oil and Gas Ministry, the Environmental Protection Ministry and the Ministry for Industry.
Kazakhstan’s economic growth has slowed due to sanctions on Russia over its interference in Ukraine and the failure of the giant Caspian Sea oil field Kashagan to start producing.
Mr Nazarbayev’s downsizing didn’t stop with the energy sector. He disbanded the Agency for Fighting Financial Crimes and gave its responsibilities to the Agency for Civil Affairs and also cut the Ministry for Emergencies, handing its duties to the Interior Ministry.
ENDS
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(News report from Issue No. 195, published on Aug. 13 2014)