Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – August 24, 2010 0

Posted on August 24, 2010 by KazCham

HEADLINES:

Kazakhstan first in, first out
(bne) – Predictions that Kazakhstan would be first in, first out of the crisis have proved to be not far from the truth. The rise in commodity prices over the last year has boosted the natural resources sector, which has in turn dragged the rest of the economy, including the banking sector, along with it.

PetroKazakhstan and Lukoil end ownership dispute over Kazakh oil field
(SRI) – Russian Lukoil signed an agreement with PetroKazakhstan, a Kazakh-Chinese joint venture, that will pay the Russian oil company about $438 million in damages to bring an end to a prolonged ownership dispute over the Kazakh Turgai Petroleum oil venture.

Kazakhstan ready to increase grain exports to drought-stricken Russia
(SRI) – Kazakhstan is ready to supply up to 2 million tonnes of grain to Russia this season, about 25% of its total exports, as Russia may face shortage caused by prolonged heat wave and draught, Reuters reported last week.

ENERGY:

KMG EP first-half income falls 22% on forex (SRI)

KazMunaiGas said to plan joint exploration venture with BG in North Sea (Bloomberg)

Tax police to complete KPO tax probe in two weeks (Interfax)

Tethys Petroleum: Kazakhstan Kul-Bas exploration period extended (Marketwire)

BUSINESS AND ECONOMY:

Kazakhstan pushes Islamic finance post-crisis (Reuters)

BTA issues shares as part of restructuring (SRI)

ATF reports losses in January – July (SRI)

Financial police probing alleged misappropriation of KZT58.7 million at Almaty Airport (Interfax)

Kazakhstan to build new crop-duster aircraft (RIA Novosti)

National Bank of Kazakhstan: Exchange rates August 24, 2010 (Kazakhstan Today)

METALS AND MINING:

ENRC buys into disputed Congo project (Financial Times)

Alhambra, John Komarnicki and Hillcrest Investments announce conversion of secured debentures into shares (Marketwire)

Alhambra closes $4.6-million first tranche of $6.0-million equity financing (Marketwire)

POLITICS:

Ablyazov asylum case could lead to rift with Kazakhstan (Telegraph)

REGIONAL:

Tajik borders tightened after deadly jailbreak (AFP)

Southern Kyrgyz mayor challenges government authority (AP)

Azerbaijan Supreme Court rejects bloggers’ appeal – lawyer (AFP)

SOURCE: http://silkroadintelligencer.com/2010/08/24/kazakhstan-daily-news-roundup-august-24-2010/

Kazakhstan Daily News Roundup – August 19, 2010 0

Posted on August 19, 2010 by KazCham

HEADLINES:

Kazakhstan reasserts control over big energy projects
(bne) – On the heels of news that KazMunaiGas has signed off on the deal to increase its stake in the Kashagan project come reports Kazakhstan is close to striking a deal over the Karachaganak venture, under which the international consortium developing it would avoid export duties in return for handing over a stake.

Kazakhmys says copper output flat until 2014
(Reuters) – Declining ore grades will keep copper production by Kazakhmys in check until 2014, beyond which the Kazakh miner plans to boost output by as much as 60 percent by bringing several major projects on stream.

ENRC earnings up 63%, cautious on outlook
(Reuters) – Kazakh miner ENRC posted on Wednesday a 63 percent rise in first-half earnings per share on higher output and prices but was wary about commodity prices in the second half.

ENERGY:

Alhambra begins drilling at Kerbay (Marketwire)

Jupiter Energy underpins future growth with strategic investor (Proactive Investors)

BUSINESS AND ECONOMY:

Kazakhstan, Belarus do not join Russia grain export ban (Reuters)

European property and Kazakh wealth (Financial Times Blog)

Kazakhstan to export 6 million tonnes of grains (AgriMarket.Info)

Grain production to total 15.4 million tonnes in bunker weight (AgriMarket.Info)

Baltika-Almaty closes merger with Derbes Breweries in Kazakhstan (Food Industry News)

National Bank of Kazakhstan: Exchange rates August 18, 2010 (Kazakhstan Today)

METALS AND MINING:

Sunkar first-half loss narrows 24% (SRI)

POLITICS:

Nazarbayev adored as Kazakhs eye Kyrgyz strife with suspicion (EurasiaNet)

Nazarbayev proposes to establish a committee for migration policy and reform investigation authorities (Interfax)

Kazakh president signs decree on reformation of law-enforcement system (Interfax)

SOCIETY:

Well-known Kazakh businessman missing (RFE/RL)

Kazakhstan’s scrum queens (EurasiaNet)

SOURCE: http://silkroadintelligencer.com/2010/08/19/kazakhstan-daily-news-roundup-august-18-2010/



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