Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – June 28, 2011

Posted on June 27, 2011 by KazCham

ENERGY:

Kashagan consortium faces $4.7-million environmental fine – official (SRI)

Zhaikmunai’s reserves increase by 2.3% – audit (SRI)

Pavlodar Oil Refinery goes on annual maintenance (SRI)

Roxi Petroleum offers Kazakhstan BNG operational update (Oil and Gas Eurasia)

BUSINESS AND ECONOMY:

UK court sentences Ablyazov’s brother-in-law to 18 months in prison
(SRI) – The High Court in London has sentenced Syrym Shalabayev, brother-in-law of ex-BTA Bank head Mukhtar Ablyazov, to 18 months in prison in connection with allegations of a multi-billion dollar fraud at the Kazakh bank.

HeidelbergCement to start production at new Kazakh plant in 2013
(SRI) – HeidelbergCement, the German cement maker with operations in Kazakhstan, plans to start production at a EUR200-million ($283 million) cement plant in the western region of Mangistau in 2013, Kazakhstan’s Ministry of Industry and New Technologies said on Monday.

Kazakhstan companies to invest in Kyrgyz economy (SRI)

Horlick is standing firm on Kazakhstan (Financial News)

Kazakhstan, Germany to set up joint engineering center (Interfax)

Former head of Valut-Transit Bank sentenced to 10 years additional years (Interfax)

Kazakhstan ratifies agreement on migrant workers with Belarus and Russia (Interfax)

Fitch downgrades AMANAT Insurance to B- (Fitch)

Indicators – June 27, 2011 (Reuters)

METALS AND MINING:

Prokhorov resigns as Polyus Gold CEO to head political party (SRI)

Kazelectromontazh, Polish EL-IN to build steelwork plant worth $12 million (Interfax)

POLITICS:

Kazakhstan again seeks extradition of Aliev from Austria (RFE/RL)

Kazakhstan, Russia simulate defense against cruise missile attack (EurasiaNet)

REGIONAL:

Azerbaijan leader warns of army buildup at huge parade (Reuters)

Armenia, Azerbaijan summit falls short of breakthrough (AFP)

SOURCE: http://silkroadintelligencer.com/2011/06/28/kazakhstan-daily-news-roundup-june-28-2011/

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