The deployment of the troops follows an order by US President Donald Trump for a crackdown on crime in the US capital, a similar action he took during protests in Los Angeles in June, prompting widespread backlash.
Day: August 15, 2025
The “Top Gun” actor has strayed away from entering the political realm, choosing not to speak about either party and recently sidestepping a question about Trump.
Hundreds of protesters gathered in Anchorage to protest President Donald Trump’s high-stakes meeting with Russian President Vladimir Putin.
The pilot was suspended, meaning the return flight scheduled to arrive at Heathrow on August 8 was cancelled.
Nicholas Teplin, 41, allegedly struck three men on Thursday afternoon, a day after airport arrest during which a police gun accidentally fired
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A Victorian man involved in an airport scuffle in which a police gun was accidentally fired is back in custody for allegedly assaulting several people the next day.
Nicholas Teplin, 41, faced a court on Friday on allegations he hit three men in the head at Sydney’s Central railway station and then shoved a police officer while in custody.
The media in Kazakhstan is once again debating the revision of production sharing agreements (PSAs) with foreign companies in the country’s major oil consortia. PSA LLP, the state-owned operator authorized by the Ministry of Energy to represent Kazakhstan’s interests in the North Caspian Production Sharing Agreement, has released new data on revenues from the Kashagan field, information expected to reignite calls to amend agreements with major Western oil producers in Kazakhstan’s favor.
President Kassym-Jomart Tokayev has publicly backed the discussion. In January, he instructed the government to intensify negotiations with foreign investors. “The implementation of production-sharing agreements for large fields has allowed Kazakhstan to become a reliable supplier of energy to the global market. These projects have made a great contribution to the country’s socio-economic development. However, large investments require a long-term planning horizon. Therefore, the government must intensify negotiations on extending PSA contracts, possibly on revised terms that are more favorable for Kazakhstan,” Tokayev said at an expanded government meeting.
The PSA company, headed by Tokayev’s nephew, Beket Izbastin, reported that in 2024, the Kashagan consortium’s total revenue from oil, gas, and sulfur sales exceeded $11 billion. Of this, 80% covered capital and operating costs (“Cost Oil”), while only 20% came from “Profit Oil,” amounting to $2.2 billion. Kazakhstan’s share was 10%, or $220 million. Including the $430 million in taxes paid by the operator, NCOC, the country’s total revenue was $650 million.
“With revenues of $11 billion, the republic’s share, including taxes, was only 6%, the lowest among oil companies not only in Kazakhstan but globally,” PSA said.
Under the current terms, Kazakhstan’s share of Profit Oil will not increase until three billion barrels have been extracted from Kashagan. Only the first billion has been produced over the past decade. Shareholders are expected to begin paying a 30% income tax soon; KazMunayGas has already transferred an initial $45 million payment from the Kashagan profits.
The fairness of this revenue distribution is now a central point of debate. Some observers believe the renewed focus ahead of the next parliamentary session could signal that Tokayev will again raise the issue in his annual address, alongside agreements for Karachaganak and Tengiz, the other pillars of Kazakhstan’s oil sector. Tengiz operates under a contract expiring in 2033, earlier than Karachaganak (2037) and Kashagan (2041).
At his press conference in Astana last month, Prime Minister Olzhas Bektenov confirmed that negotiations with major oil companies had only just begun. “Indeed, there is a view that the country’s interests are significantly infringed upon. We are starting negotiations with our consortium partners to conclude new PSAs for a new period. This will be done in a measured and balanced manner, without sudden moves, while defending the national interests of our country,” Bektenov stated.
The question of what exactly constitutes “national interests” remains open. In February, Mazhilis deputy Edil Zhanbirshin linked the issue to Kazakhstan’s dependence on imported fuel. Despite the $3.7 billion spent on modernizing the country’s three oil refineries, annual processing volumes remain below 18 million tons and are declining, causing recurring shortages of gasoline, aviation fuel, and diesel. Over the past seven years, Kazakhstan has imported more than six million tons of petroleum products, most from Russia.
“We cover this deficit with imports. This is nonsense for a country with such oil reserves. The time has come to solve this problem,” Zhanbirshin said.
How Kazakhstan Compares Internationally
| Field / Country | Contract Expiry | Annual Revenue (latest available) | State Take (incl. taxes) | Notes |
|---|---|---|---|---|
| Kashagan (Kazakhstan) | 2041 | $11B (2024) | 6% | Operated under the North Caspian PSA. High cost-recovery ceiling (80%) delays profit share growth until 3B barrels extracted; only ~1B produced so far. |
| Tengiz (Kazakhstan) | 2033 | $20B (est. 2023) | 18–20% | One of the largest onshore oil fields. Operated under long-term concession; earlier expiry than Kashagan or Karachaganak may give Kazakhstan earlier leverage in renegotiations. |
| Karachaganak (Kazakhstan) | 2037 | $10B (est. 2023) | 22% | Gas-condensate field; PSA terms revised in 2012 to increase Kazakhstan’s share. |
| Norway (North Sea) | N/A (licensing) | Varies | 75–78% | A combination of a 78% marginal tax rate and state participation ensures a high state take. |
| UAE (Abu Dhabi) | N/A (concession) | Varies | 65–70% | ADNOC maintains a majority stake; a low-cost recovery share compared to Kazakhstan PSAs. |
| Nigeria (Deepwater PSAs) | 2030s | Varies | 50–55% | Earlier PSAs gave lower returns, but the 2019 amendments improved the state’s share of deepwater projects. |
Globally, many major oil producers under PSAs secure far higher effective state takes. According to industry benchmarks, countries like Norway and the UAE often retain 60–80% of net oil revenues, while even more investor-friendly regimes such as Nigeria typically see 50–55%. In contrast, Kazakhstan’s current 6% take from Kashagan in 2024 — even when factoring in taxes — is exceptionally low. This gap reflects the heavy cost-recovery clauses and production thresholds built into the original contracts, signed in the 1990s and early 2000s, when the country sought to attract massive foreign investment to develop technically challenging offshore fields.
The debate over revising PSAs reflects both external and internal priorities: reducing dependence on Russian fuel imports for the Western audience, and ensuring fairer returns on natural resources for the domestic public. Whether this dual strategy will help Kazakhstan move beyond its role as a raw material supplier, however, remains to be seen.
Iran is rallying support as it hardens its stance toward European and U.S. nuclear pressure.
Man asks for online advice on whether to end his three-year relationship over his girlfriend’s “Dirty 30” birthday demands in a popular Reddit post.
EU Launches Public Consultation on Air Services Regulation
The European Union is revamping its air service regulations, launching a public consultation to gather feedback from citizens, travelers, and stakeholders. The initiative, led by the European Commission, aims to revise the Air Services Regulation, which governs access to the EU internal aviation market, reports 24brussels.
This regulation outlines the operational freedoms of EU airlines, including their rights to operate within the EU and the transparency of ticket pricing.
The upcoming review is expected to equip the air services sector for future challenges, ensuring competitiveness, enhancing connectivity, and safeguarding consumer interests. Key areas of focus include hand luggage allowances and strategies to mitigate disruptions caused by air traffic controller strikes throughout the EU.
Originally enacted in 1992 and revised in 2008, the Air Services Regulation has been instrumental in shaping the EU’s aviation landscape, fostering growth and improving connectivity, particularly for citizens in remote and outermost regions.
A 2019 evaluation, alongside lessons from the COVID-19 pandemic and recent assessments, has underscored the necessity for greater support in driving the sector’s green transition and boosting its resilience against crises.
The public consultation is open until November 4, with participation available through the Have Your Say portal. An European Commission spokesman stated that the feedback gathered will inform the Impact Assessment regarding the regulation’s revision, which is presently underway.