Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – January 18, 2011

Posted on January 18, 2011 by KazCham

HEADLINES:

Kazakh council to rule on extension to leader’s rule
(Reuters) – Kazakhstan’s president on Monday asked a constitution council to examine a proposed referendum on a 10-year extension to his rule, which would allow him to bypass two elections and lead the oil-rich nation unopposed until 2020.

Kazakhstan to pass legislation on corporate Islamic bond issues
(SRI) – Kazakhstan’s government expects to pass legislation within the next two months that would enable companies to sell Islamic bonds, Bloomberg reported on Monday citing Deputy Prime Minister Aset Issekeshev.

ENERGY:

CPC February provisional program 2.492 million tonnes (Dow Jones)

Power generation up 5% in 2010 – KEGOC (SRI)

BUSINESS AND ECONOMY:

Kazakh Oil Fund earned $900 million on investments last year (Bloomberg)

Jan-Nov trade surplus surges to $28.9 billion (Reuters)

PNB chief says Kazakh Dana Bank expected to turn around in a year (Economic Times)

Kazakhstan ratifies space cooperation agreement with Russia (RIA Novosti)

Food Contract Corporation to not export grains in 2010-11 (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates January 18, 2011 (Kazakhstan Today)

Indicators – January 17, 2011 (Reuters)

METALS AND MINING:

UK’s ZincOx gets final payment from sale of Kazakh zinc deposit (Platts)

ArcelorMittal Temirtau to commission billet caster by end of 2011 (Steel Guru)

ENRC chairman sells 25% of his stake (ShareCast)

POLITICS:

Kazakh MPs back referendum to extend leader’s rule (Reuters)

Nuclear watchdog backs Kazakh plan to farm nuclear wasteland (Telegraph)

Kazakh NGOs ask Nazarbayev to hold 2012 presidential elections (RIA Novosti)

Pro-referendum democratic coalition formed in Kazakhstan (Interfax)

REGIONAL:

EU has Azerbaijan ’support’ for gas pipeline project (AFP)

Kyrgyz village named Barak asks U.S. namesake for help (AFP)

One percent of Tajikistan ceded to China – official (AFP)

Source: http://silkroadintelligencer.com/2011/01/18/kazakhstan-daily-news-roundup-january-18-2011/

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