Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – July 18, 2011

Posted on July 17, 2011 by KazCham

ENERGY:

Joint commission to try resolve strike at Karazhanbasmunai
(SRI) – Local authorities, and representatives of KazMunaiGas Exploration and Production (KMG EP), trade unions and striking workers have agreed to form a working commission to resolve the strike at the Karazhanbasmunai oil facility, the Kazakhstan-Novosti news agency last week.

KMG EP to fold NBK subsidiary into own operations
(SRI) – KazMunaiGas Exploration Production (KMG EP) plans to formally fold its NBK subsidiary into its operations, pending approval by KMG EP’s shareholders on August 15, the Kazakh oil producer said in a statement last week.

Kazakh authorities initiate admin proceedings against gasoline retailer (SRI)

First phase of Ekibastuz GRES-2 upgrade to cost $58 million (SRI)

Oil exports and revenues up in Jan-May (SRI)

Jupiter Energy extends Kazakhstan permit area (Proactive Investors)

BUSINESS AND ECONOMY:

Second wave of privatization via “people’s IPO” necessary – PM (SRI)

Kazakhstan will not stop using tenge – PM (Interfax)

Indicators – July 15, 2011 (Reuters)

METALS AND MINING:

KazakhGold shareholders approve Polyus Gold reverse takeover (SRI)

Kazakh H1 copper output declines, zinc up (Reuters)

POLITICS AND SECURITY:

Kazakhstan has no plans to cede land to China – PM (SRI)

SOCIETY:

After Borat, Kazakhstan’s cinema dreams (BusinessWeek)

Kazakhstan will not impose hijab restrictions – PM (Interfax)

SOURCE: http://kazcham.com/wp-admin/post-new.php

 

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