Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – July 12, 2010

Posted on July 12, 2010 by KazCham

HEADLINES:

Tengizchevroil claims compliance with contract amid Kazakh claims
(SRI) – Tengizchevroil (TCO) denied allegations of unauthorized overproduction last week, as Kazakhstan’s financial police began an investigation of the oil venture’s activities.

Kazakhstan’s first restructuring fund open for business
(bne) – After a first close on $100 million in June, the Kazakhstan Capital Restructuring Fund (KCRF) will soon start investing into financially distressed companies in the Central Asian country.

Capital building in Kazakhstan
(bne) – Astana seems an empty place in winter when the Siberian cold drives the population inside. But in June the Kazakh capital’s streets are a hive of activity as gangs of workmen frantically resurface roads and prepare new buildings for the dual birthday celebrations for Astana and President Nursultan Nazarbayev.

ENERGY:

Russia to lend Kazakhstan $700 million for power plant (SRI)

Saipem gets $1.3 billion of offshore contracts including one in Kazakhstan (Bloomberg)

Lukoil won’t repurchase 50-percent Kazakh JV stake (Reuters)

BUSINESS AND ECONOMY:

Negative outlook for Kazakhstan’s banking system maintained (Moody’s)

Kazakhstan’s journey of debt market redemption nears completion (Euroweek – Cbonds.Info)

BTA Bank’s creditors to join Directors Board (Interfax)

Bilfinger Berger manages shopping and entertainment center in Kazakhstan (Property Magazine)

Sembol Insaat to start residential construction project in Kazakhstan (Today’s Zaman)

Kazakh government to finance feasibility study for construction of Arkalyk-Shubarkol railway (Interfax)

WB to allocate $29.2 million for development of technical and vocational education in Kazakhstan (Interfax)

National Bank of Kazakhstan: Exchange rates July 10-12, 2010 (Kazinform)

METALS AND MINING:

ENRC Kazchrome to build new HC ferrochrome meltshop (Steel Guru)

POLITICS:

Personality cult rises up around Kazakh president (AP)

Kazakhstan shows more style than substance in addressing Kyrgyz crisis (EurasiaNet)

Kazakhstan calls for OSCE conflict prevention mechanism (New Europe)

U.S.-Kazakh deal on ’special cargo’ transit to Afghanistan comes into force (RIA Novosti)

REGIONAL:

Ravaged Kyrgyz village shows hard road to recovery (AP)

Turkmen leader orders establishment of private media (AFP)

BP CEO visits Azerbaijan amid talk of asset sales (AP)

SOURCE: http://silkroadintelligencer.com/2010/07/12/kazakhstan-daily-news-roundup-july-12-2010/

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1 to “Kazakhstan Daily News Roundup – July 12, 2010”

  1. My false teeth just fell in the sink because I laffed so hard while seeing this post.



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