Kazakhstan Chamber of Commerce in the USA

KazCham


Kazakhstan Daily News Roundup – October 25, 2010

Posted on October 25, 2010 by KazCham

HEADLINES:

KazMunaiGas EP discovers oil in western Kazakhstan
(SRI) – KazMunaiGas Exploration Production (KMG EP), the upstream-focused subsidiary of the Kazakh national oil company, said on Friday it had struck oil at the Liman Block in western Kazakhstan.

Moody’s downgrades debt rating of four Kazakh banks
(SRI) – Moody’s, the credit rating agency, downgraded last week the long-term senior unsecured and subordinated debt ratings of Kazkommertsbank, Halyk Bank, Bank CenterCredit (BCC), and Alliance Bank.

ATF Bank appoints new CEO
(SRI) – ATF Bank, a subsidiary of Italian Unicredit Group and Kazakhstan’s fifth largest bank, named Romeo Collina the new chief executive officer last week replacing Alexander Picker.

ENERGY:

Kelimbetov on KazMunaiGas IPO – video (Bloomberg)

Kazakh oil workers strike over detained union activist (RFE/RL)

World Petroleum Council will hold next meeting in Astana in 2012 (Interfax)

BUSINESS AND ECONOMY:

Kazakhstan seeks to strengthen ties with EU (Dow Jones)

Almaty subway line tested for first time (RFE/RL)

Agency for Local Content Development complains subsoil users don’t buy enough products offered by domestic light industry (Interfax)

Indicators – October 22, 2010 (Reuters)

METALS AND MINING:

KazakhGold must end rows before Polyus deal – government (Reuters)

POLITICS:

Kazakh opposition leader announces plan to run for presidency (RFE/RL)

REGIONAL:

Russia may join pipeline through Taliban area (AFP)

Hundreds rally in Kyrgyzstan against security boss (AP)

Turkmenistan keen to boost gas exports to Russia – president (AFP)

SOURCE: http://silkroadintelligencer.com/2010/10/25/kazakhstan-daily-news-roundup-october-25-2010/

Print Friendly

Leave a Reply




↑ Top