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ALMATY (TCA) — With income on oil sales down to a fraction of what they used to be until just two years ago, Kazakhstan seems desperate to fill the gap with increased income on other commodities it has in great quantities. This seems to be leading to a fresh wave of “resource nationalism” as the tendency to re-nationalise upstream assets is dubbed by western industrialists. In Kazakhstan, it was oil, in Kyrgyzstan gold – and now uranium is waiting for its turn. True: “commitments” have not been kept – but by whom?

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