Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – January 12, 2011

Posted on January 12, 2011 by KazCham

ENERGY:

KMG EP crude oil production up 16% in 2010
(SRI) – KazMunaiGas Exploration Production (KMG EP), the upstream-focused subsidiary of the Kazakh national oil company, increased crude oil production by 16% last year to 13.29 million tonnes (270,000 barrels per day), the company said on Tuesday.

CPC oil exports rise 1% in 2010 (SRI)

Tethys Petroleum receives approval for Doris oil production project in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

Kazakhstan will abandon currency corridor in March
(Bloomberg) – Kazakhstan will loosen its control over the tenge and return to a managed floating currency regime from March 20, according to National Bank of Kazakhstan Governor Grigoriy Marchenko.

Kazakh central bank sees 5-6% economic growth in 2011
(Reuters) – Kazakhstan’s central bank on Tuesday forecast that Central Asia’s largest economy would grow by between 5 percent and 6 percent this year, higher than the latest official government forecast for 2011.

National Bank of Kazakhstan: Exchange rates January 12, 2011 (Kazinform)

Indicators – January 11, 2011 (Reuters)

POLITICS:

Kazakh police seize pro-democracy protesters (Telegraph)

REGIONAL:

Turkmenistan replaces gas company head, eyes Europe (Reuters)

Turkmenistan growth accelerates in 2010 – president (Reuters)

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