Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – September 1, 2011 0

Posted on September 01, 2011 by Alex

ENERGY:

Chinese joint venture buys Kazakh gas field
(SRI) – A Chinese joint venture has agreed to buy the rights to explore and develop the Pridorozhnoye gas field in southern Kazakhstan for $20 million, Chinese newswires reported on Tuesday.

BUSINESS AND ECONOMY:

“People’s IPOs” to expand Kazakh investment universe
(bne) – The range of publicly traded equities for Kazakhstan-focused funds to invest in has so far been limited mainly to the commodity and banking sectors. But the planned “People’s IPO” program is set to change that, ushering in an age of exchange-traded funds.

Russian authorities complete investigation of BTA’s fraudulent real estate deal in Moscow
(SRI) – Russia’s Interior Ministry has completed a preliminary investigation of several Russian businessmen accused of being involved in a $730-million fraud scheme surrounding land deals of Kazakhstan’s BTA Bank in Moscow, RIA Novosti reported Wednesday.

Barclays close to selling Russian subsidiary to Kazkommertsbank – report (SRI)

Kazkommertsbank posts $81.3-million net profit in H1; non-performing loans grow (SRI)

IFC signs currency swap agreement with National Bank of Kazakhstan (SRI)

Indicators – August 31, 2011 (Reuters)

SOCIETY:

Kazakhstan says detains extremists, foils “terror” (Reuters)

REGIONAL:

Uzbekistan shows off Central Asia’s first high-speed train (AFP)

Tajikistan shows off world’s tallest flagpole (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/09/01/kazakhstan-daily-news-roundup-september-1-2011/

Kazakhstan Daily News Roundup – July 8, 2011 0

Posted on July 07, 2011 by KazCham

Samruk-Kazyna will inject cash into BTA Bank if needed – executive

(SRI) – Kazakhstan’s state-owned holding and investment company Samruk-Kazyna will inject cash into BTA Bank if the lender requires financing to avoid a second default, Bloomberg reported on Thursday, citing deputy CEO Aidan Karibzhanov.

KMG EP blames strikes, power cuts for fall in H1 production
(SRI) – KazMunaiGas Exploration Production (KMG EP) blamed emergency power cuts and strikes at its major producing fields for a 3% year-on-year fall in crude oil output in the first half of this year.

ENERGY:

CPC exports down 4.4% in H1 (SRI)

Kazakhstan, Russia to invest $1 billion to upgrade power plant (SRI)

Integra sets up geophysical surveys at Lake Zaisan in Kazakhstan (OilVoice)

Tethys announces pre-acidized flow rate of 520 bpd at AKD05 Doris well (Proactive Investors)

KMG EP calls for unbiased attitude to ongoing industrial action (Interfax)

BUSINESS AND ECONOMY:

Astana Finance settles arbitration proceedings with Barclays (SRI)

Central bank to buy stake in State Pension Fund from EBRD – Marchenko (SRI)

Kazakhstan’s foreign reserves decline by 1.9% in June – central bank (SRI)

Metrokombank raises capital to fulfill requirements (SRI)

Current account grows 58% in Q1 – central bank (SRI)

Kazakhstan to increase financing of science (Interfax)

Indicators – July 7, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal sees Kazakh unit buoyed by CIS demand (Reuters)

POLITICS AND SECURITY:

Kazakhstan is safe from Islamist revolution (The Moscow Times)

Suspects in the murder of policemen identified as members of radical Islam sect – media(Interfax)

87 candidates to vie for 16 seats in the Senate (Interfax)

SOCIETY:

Bringing Kazakh drylands back to life (World Bank Group)

SOURCE: http://silkroadintelligencer.com/2011/07/08/kazakhstan-daily-news-roundup-july-8-2011/

 



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