Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – July 13, 2010

Posted on July 13, 2010 by KazCham

HEADLINES:

KMG EP to buy stakes production units, bonds for $2.25 billion
(SRI) – KazMunaiGas Exploration Production (KMG EP), the London-traded subsidiary of Kazakhstan’s national oil company, plans to buy stakes in three Kazakh production units and bonds from its parent company for $2.25 billion, the oil producer said in a statement.

Kazakhstan reverses KazakhGold takeover amid allegations of fraud
(SRI) – Kazakhstan on Monday canceled the sale of shares in Kazakh miner KazakhGold to Russia’s Polyus Gold, a month before the two companies planned to finalize a deal to create a global gold-mining giant.

Kazakhstan’s first restructuring fund open for business (bne)

ENERGY:

Chevron accusations a sign Kazakhstan wants more money (Upstream Online)

Max Petroleum reports estimate of recoverable reserves (Oil and Gas Eurasia)

Jupiter Energy’s Block 31 resources upgraded by 180 percent to 80 million barrels of oil (Proactive Investors)

BUSINESS AND ECONOMY:

Kazkommertsbank begins trading in new domestic bonds (SRI)

Kazakhstan’s industrial production advanced 6.5 percent year-on-year in June (Bloomberg)

Customs union: hidden dangers for trademark owners (International Law Office)

Kazakhstan grain harvest forecast is 14.5-15.5 million tons (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates July 13, 2010 (Kazakhstan Today)

POLITICS:

Russia, Kazakhstan mull sending additional $10 million to Kyrgyzstan (RIA Novosti)

SOCIETY:

World’s biggest tent showcases developing Kazakhstan (Reuters – Moscow Times)

SOURCE: http://silkroadintelligencer.com/2010/07/13/kazakhstan-daily-news-roundup-july-13-2010/

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