Kazakhstan Chamber of Commerce in the USA


Kazakhstan Daily News Roundup – July 21, 2010

Posted on July 21, 2010 by KazCham


Temirbank to return to profit in 2010 following successful debt restructuring
(SRI) – Temirbank, one of four Kazakh lenders which had defaulted in 2009, expects to post net profit of KZT2-3 billion ($13.6-20.4 million) this year, following the completion of its debt restructuring, its CEO Yerzhan Shaikenov said on Monday.

BTA to issue bonds to complete restructuring
(SRI) – BTA Bank, Kazakhstan’s third largest bank, will place nine bonds issues as part of its debt restructuring plan, the bank said in a statement.

Oil in Kazakhstan may be too rich for tax to deter Chevron – energy markets
(Bloomberg) – Kazakhstan’s oil reserves may be too valuable for an export-tax increase to deter companies from drilling for crude in the former Soviet republic.


Ministry of Oil and Gas revokes 10 subsoil licenses (SRI)

Kazakhstan’s oil grab (The Oil and the Glory)

U.S. Ambassador demonstrates support for Karachaganak group (Dow Jones – NASDAQ)

Tethys Petroleum re-enters Akkulka well to test extension of Doris oil discovery (Proactive Investors)


Kazakhs drop planned 2010 Eurobond sale after $1 billion World Bank loan (Bloomberg)

Kazakh National Bank not to revise inflation forecast for 2010 (Interfax)

Headhunter Antal Russia opens in Almaty (EmergingMarkets.me)

Surrey building Kazakh Earth observation satellite for 2013 launch (Space News)

Cheyne’s Habib guits for Kazakh private equity gig (FINalternatives)

Kazakhstan may spent KZT580 billion on modernization of utilities in 2011-2015 (Interfax)


Kazakhstan secures OSCE summit commitment (EurasiaNet)


Southern Kyrgyzstan forces may have used torture – UN (AFP)

Italy’s ENI turns to Azerbaijan for Nabucco supply (Reuters)

China seeks copper, tungsten, chromium in Central Asia – Ernst & Young (Bloomberg)

SOURCE: http://silkroadintelligencer.com/2010/07/21/kazakhstan-daily-news-roundup-july-21-2010/

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