Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – October 8, 2010

Posted on October 08, 2010 by KazCham

HEADLINES:

KazMunaiGas to borrow $14 billion to fund major investment program
(SRI) – KazMunaiGas, Kazakhstan’s national oil and gas company, may borrow up to $14 billion to fund its $20-billion investment program until 2014 and is unlikely to seek an Initial Public Offering (IPO), the company’s CEO Kairgeldy Kabyldin said in Almaty on Thursday.

KMG EP to continue acquisitions spree
(SRI) – KazMunaiGas Exploration Production (KMG EP) will continue to acquire assets from its parent, Kazakhstan’s national oil and gas company KazMunaiGas, the parent company’s CEO Kairgeldy Kabyldin said on Thursday.

Tengizchevroil to submit expansion plan in 2011 – Mynbayev
(SRI) – Tengizchevroil (TCO), the Chevron-led venture, is expected to officially submit an expansion plan for Tengiz, Kazakhstan’s largest producing oil field, in 2011, Oil and Gas Minister Sauat Mynbayev said in Almaty on Thursday.

ENERGY:

Kazakhstan crude oil output 58.9 million tonnes in Jan-Sep (SRI)

Firms seek assurance as Kazakhstan plans oil boom (Reuters)

Azeris say Total puts off Caspian drilling to 2011 (Reuters)

BUSINESS AND ECONOMY:

Kazakhstan introduces ban on export of buckwheat, oil (Itar-Tass)

National Bank of Kazakhstan: Exchange rates October 8, 2010 (Kazakhstan Today)

Indicators – October 7, 2010 (Reuters)

METALS AND MINING:

ENRC eyes platinum, working on Zimbabwe project (Reuters)

FTSE miners face Kazakh power grab (Telegraph)

POLITICS:

Coup rumor a sign of factional infighting in Astana (EurasiaNet)

REGIONAL:

BP signs deal with Azerbaijan on big Caspian gas field

(AFP)

Voice of America reporter on trial in Uzbekistan (AP)

Turkmen activist allowed into human rights meeting (AP)

SOURCE: http://silkroadintelligencer.com/2010/10/08/kazakhstan-daily-news-roundup-october-8-2010/

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