Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – August 17, 2010

Posted on August 17, 2010 by KazCham

HEADLINES:

Cost control key to Kashagan second phase – Mynbayev
(SRI) – Cost control will be key during the second phase of development of the Kashagan oil field, local news agencies quoted Oil and Gas Minister Sauat Mynbayev as saying.

No provision for maximum depth in Tengzichevroil contract – Mynbayev
(SRI) – The contract under which a Chevron-led consortium is developing the Tengiz oil field does not restrict the depth of its drilling activities, Kazakh Minister of Oil and Gas of Kazakhstan Sauat Mynbayev said on Monday.

Trade surplus up threefold in H1 2010
(SRI) – Kazakhstan’s foreign trade surplus reached $16.7 billion in the first half of 2010, up more than threefold from $4 billion dollars in the first half of 2009 , the State Statistics Bureau said Friday.

ENERGY:

Kazakhstan’s oil export duty in force (SRI)

Tethys Petroleum announces updates on operations in Central Asia (Proactive Investors)

BUSINESS AND ECONOMY:

Eurocopter ready to set up helicopter production JV in Kazakhstan (Interfax)

Hryvnia, tenge may gain 6% as food prices fuel inflation – UniCredit (Bloomberg)

METALS AND MINING:

Kazakhgold’s subsidiary loses appeal to unfreeze bank accounts (SRI)

POLITICS:

President Nazarbayev holds a meeting to get ready for OSCE summit in Astana (Interfax)

REGIONAL:

Kyrgyz army involved in mob violence – right group (AP)

Chevron, Conoco, Bush brother’s company may get Caspian exploration rights (Bloomberg)

SOURCE: http://silkroadintelligencer.com/2010/08/17/kazakhstan-daily-news-roundup-august-17-2010/

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