Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – June 23, 2010

Posted on June 23, 2010 by KazCham

HEADLINES:

Halyk predicts growing competition in Kazakh bank sector
(bne) – While Kazakhstan’s other big banks floundered, Halyk Bank came through the financial crisis in relatively good shape and accounted for the lion’s share of banking sector profits in the first quarter of this year.

Kazakhstan may introduce $20/ton oil export duty – minister
(SRI) – Kazakhstan may introduce a crude oil export duty of $20 per ton, Finance Minister Bolat Zhamishev said on Tuesday, echoing Prime Minister Karim Masimov’s earlier statements.

KMG to raise output in 2010; mulling IPO
(SRI) – KazMunaiGas (KMG), Kazakhstan’s national oil and gas company, plans to raise crude output by 14 percent in 2010 to 21.4 million tons from 18.7 million tons last year, chief executive Kairgeldy Kabyldin said on Tuesday.

ENERGY:

KMG to sell Pavlodar refinery by end of 2010 – CEO (SRI)

CPC commissions new pipeline section (SRI)

BG Group appoints executive vice president (Penn Energy)

BUSINESS AND ECONOMY:

Security service charges former Astana Finance bosses with embezzlement (SRI)

Halyk repays state deposits ahead of schedule (SRI)

Changes to the Kazakhstan Tax Code for 2010 (Lexology)

National Bank of Kazakhstan: Exchange rates June 23, 2010 (Kazinform)

SOCIETY:

Kazakh police catch eight escaped convicts, 13 on the run (RFE/RL)

EU gives 3.4 million euro to improve Kazakhstan’s justice system (Interfax)

REGIONAL:

New Kyrgyz raid on Uzbek area – rights group (AP)

Tens of thousands return to tense Kyrgyzstan (AFP)

Kyrgyzstan hunts for ‘militants’ behind ethnic clashes (AFP)

SOURCE: http://silkroadintelligencer.com/2010/06/23/kazakhstan-daily-news-roundup-june-23-2010/

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