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. Last Updated: 07/27/2016

Kazakh Chief Quits

MOSCOW - Another gust of cold wind blew across Kazakhstan's hitherto warm oil investment climate Tuesday with the second resignation of a high-flying government reformer in just five days.


Kazakhstan's National Securities Commission chairman Grigory Marchenko resigned over what he said was feet-dragging by the government on key stock market developments.


The announcement came hard on the heels of the resignation of reformist Prime Minister Akezhan Kazhegeldin last week.


The disappearance of two such Western-minded economic leaders is bound to unsettle the foreign oil community.