Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – July 19, 2010

Posted on July 19, 2010 by KazCham

HEADLINES:

Kazakhstan opens criminal case against Tengizchevroil
(SRI) – Kazakhstan’s financial police said on Thursday it had opened a criminal case against Tengizchevroil (TCO), a Chevron-led joint venture, accusing it of illegally producing $1.4 billion worth of crude oil.

Oil consultant Giffen returns to court in delayed Kazakhstan bribery case
(Bloomberg) – Oil consultant Jim Giffen was told by a U.S. judge six months after his 2003 arrest in an international bribery scheme that he would go on trial in the fall of 2004. He’s still waiting.

Confusion surrounding Tristan Oil deal
(SRI) – Kazakhstan’s Oil and Gas Ministry said last week it had received an official letter from Cliffson Company Ltd informing the authorities that it intended to withdraw from the planned acquisition of Kazakhstan-focused oil company Tristan Oil.

ENERGY:

Kazakh leader says EU should do more on Nabucco (Reuters)

Uranium One recommends stake sale to Russia’s ARMZ (Reuters)

Central Asia pipeline brings 2 bcm of gas to China (Reuters)

OVL turns down Mittal offer to buy stake in Kazakh oil company (Economic Times)

Kazakhstan-based subsidiary of Rumania’s Petrom pays 59.8 ml tenge in fines for associated gas flaring above limits (Interfax)

BUSINESS AND ECONOMY:

Tobacco company makes changes after Kazakhstan child-labor report (AFP)

National Bank of Kazakhstan: Exchange rates July 17-19, 2010 (Kazakhstan Today)

METALS AND MINING:

Assaubayev family says Polyus is diverting attention from government probe (Bloomberg)

POLITICS:

Kazakhstan wins right to bring world’s leaders to Astana (Telegraph)

Astana fencing off Kyrgyzstan (EurasiaNet)

OSCE summitt must examine Astana’s poor rights record – press watchdog (EurasiaNet)

SOCIETY:

Kazakhstan to invest $50 million in Afghan education project (RIA Novosti)

On architecture: The big top comes to Kazakhstan (EurasiaNet)

REGIONAL:

U.S. says Kyrgyz must act now to stop more violence (Reuters)

Kyrgyzstan forms new government (AP)

Uzbeks tortured by Kyrgyz police – rights group (AP)

SOURCE: http://silkroadintelligencer.com/2010/07/19/kazakhstan-daily-news-roundup-july-19-2010/

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