Kazakhstan Chamber of Commerce in the USA


Kazakhstan Daily News Roundup – June 1, 2011 0

Posted on June 01, 2011 by KazCham


KMG EP to pursue Aral basin oil and gas exploration
(bne) – The Aral Sea basin is possibly the second most prospective area for oil and gas in Central Asia after the Caspian basin, according to Askar Balzhanov, general director and chairman of the management board of KazMunaiGas Exploration Production (KMG EP).

Strike hits output at Kazakh KMG EP’s oil field
(Reuters) – Kazakhstan’s London-listed oil and gas firm KazMunaiGas Exploration Production is suffering a daily output loss of some 2,000 tonnes of crude oil due to a workers’ strike.

Kulibayev may join Gazprom’s board of directors (SRI)

Kazakhstan plans to extend ban on petrochemicals export (SRI)

Tethys Petroleum tests oil in upper AKD03 Dione well in Kazakhstan (Proactive Investors)

Condor’s Shoba-3 appraisal well encounters a 48-meter hydrocarbon column (Marketwire)

Berezovka villagers demand that Karachaganak operator and government finance their immediate relocation (Interfax)


Almaty scrambles to improve earthquake readiness
(bne) – 100 years after the last major earthquake flattened the city, Almaty residents are living in fear of the next big one. A scare in early May revealed how unprepared the Kazakh authorities are, and a drill on May 24 was hastily arranged.

Kazkommertsbank Q1 net profit up by 6% (SRI)

Astana sees free-trade zone as antidote to Dutch Disease (EurasiaNet)

Indicators – May 31, 2011 (Reuters)


Alhambra Resources announces Q1 results (Marketwire)


Suspect in Kazakh smuggling case apprehended in Abu Dhabi (RFE/RL)


Turkmenistan says keen to boost gas sales to Russia (Reuters)

Turkmenistan ’setting up space agency’ (AFP)


Kazakhstan Daily News Roundup – May 5, 2011 0

Posted on May 05, 2011 by KazCham


Kazakhstan plans capacity market to boost investment in power sector
(bne) – Kazakhstan is planning to create an electricity capacity market in a bid to attract more investment to the power generation sector, the head of the country’s power grid operator tells bne.

International oil companies accounted for 60% in oil and gas investment in last 10 years
(SRI) – International oil companies (IOCs) have accounted for more than half of total investments in Kazakhstan’s oil and gas sector, Oil and Gas Minister Sauat Mynbayev said on Wednesday.


CPC pipeline April exports down 2.2% month-on-month (SRI)


IMF raises Kazakh growth forecast on high oil price
(Reuters) – Kazakhstan’s economy is set to expand by 5.9% this year, the International Monetary Fund said on Wednesday, raising its forecast in line with resurgent commodity prices and growth in neighboring Russia and China.

Eurasian Bank to issue $137-million debt (SRI)

Indicators – May 4, 2011 (Reuters)


Kazakhmys output falls 5.4% on grades; expects to meet goals (Bloomberg)

Hambledon Mining’s improved financials give further evidence of turnaround at Sekisovskoye(Proactive Investors)

Alhambra Resources: 2010 financial and operational results (Marketwire)


IMF pledges $100 mln to help restore Kyrgyz economy (Reuters)

U.S. welcomes Kyrgyz cooperation in probe of unrest (AFP)

SOURCE: http://silkroadintelligencer.com/2011/05/05/kazakhstan-daily-news-roundup-may-5-2011/

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