Kazakhstan Chamber of Commerce in the USA


Kazakhstan Daily News Roundup – September 19, 2011 0

Posted on September 19, 2011 by Alex


Lukoil not interested in Kashagan – Alekperov (SRI)

KMG EP to buy back up to $300 million worth of shares (SRI)

Kazatomprom net income rises 77% in first half (SRI)

Max Petroleum to drill ‘deep salt’ Emba B target next month (Proactive Investors)

Fitch raises rating of Kaztransgas to BB+ (SRI)


BTA Bank seeks Ablyazov arrest amid claims of Kazakh strike support (SRI)

Polish company to buy Kazakhstan’s largest pharmaceutical producer (SRI)

Kazakhstan intends to become an important transit country for China-Europe trade – Issekeshev (SRI)

Grain harvest may reach record levels in 2011 (SRI)

Nurbank reports positive income in H1 (SRI)

Indicators – September 16, 2011 (Reuters)


Mashkevich stresses he has no plans to sell ENRC stake (SRI)

Hambledon Mining acquires two new Kazakh gold projects to boost future production (Proactive Investors)

ENRC to invest $6 billion in Kazakhstani assets development (Interfax)

Kazakhstan to create metallurgical free economic zone (Interfax)


‘We don’t have anything to eat’ – Desperation and poverty growing as Kazakh strikes drag on(RFE/RL)

Kazakhstan ready to re-open access to LiveJournal after banned content is removed (Interfax)

U.S.-Russian space trio lands safely in Kazakhstan (Reuters)


EU trio takes 50% stake in Russia’s South Stream (AFP)

Uzbek leader’s daughter hits fashion controversy (AFP)

Kazakh PM says Kyrgyzstan should join CIS Customs Union (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/09/19/kazakhstan-daily-news-roundup-september-19-2011/

Kazakhstan Daily News Roundup – September 6, 2011 0

Posted on September 06, 2011 by Alex

Kazakhstan Daily News Roundup – September 1, 2011 0

Posted on September 01, 2011 by Alex


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.


“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)


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


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 – August 31, 2011 0

Posted on August 31, 2011 by Alex


Kazakh oil fund to reach $72.5 billion in 2015 (SRI)

Kazakhstan has no plans to raise oil export duty until at least 2014 (SRI)

Crude output at oil facility hit by strike “almost back to normal” – KMG EP (SRI)

Central Asia – China gas pipeline to double capacity by 2015 (SRI)

Zhaikmunai nearly doubles income in first half (SRI)

Jupiter Energy pushes forward with exploration at Block 31 (Proactive Investors)


Alliance Bank slashes dividend, reports loss in first half (SRI)

Kazakhstan’s economy to grow 7% annually in 2012-2014 – Kelimbetov
(SRI) – Kazakhstan’s economy will grow by at least 7% annually in 2012-2014, based on an expected average oil price of $80 per barrel in 2012 and $70 from 2013 to 2016, Minister of Economic Development and Trade Kairat Kelimbetov told a government meeting on Saturday.

On the move: Former Justice Minister named chairman of Sberbank Kazakhstan (SRI)

Kazakhstan to export 3 million tonnes of grains to China (SRI)

BTA Bank adds $1.5 billion in provisions in July – regulator (Bloomberg)

Indicators – August 27, 2011 (Reuters)


Central Asia Resources to commence Kazakhstan gold mining in September (Proactive Investors)


Suspect killed as police admit terror in oil-rich western Kazakhstan (EurasiaNet)


Kazakhstan reels from impact of nuclear tests, 20 years on (AFP)


Nabucco more likely after Fukushima – EU’s Oettinger (Reuters)

Turkmenistan frees over 3,700 prisoners in amnesty (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/08/31/kazakhstan-daily-news-roundup-august-31-2011/


Kazakhstan Daily News Roundup – August 25, 2011 0

Posted on August 25, 2011 by Alex

Kazakhstan Daily News Roundup – August 19, 2011 0

Posted on August 19, 2011 by Alex


CAPEC profit down 29.1% in first half (SRI)

Lukoil Overseas to commence gas utilization at its western Kazakhstan fields by year-end (Interfax)


Rail sector manufacturers set up in Astana
(bne) – Astana is becoming the centre of a brand new manufacturing industry as the Kazakh government’s lavish spending on the country’s railways draws in international firms Alstom, GE and Talgo.

Profile: Marat Zairov – CEO of BTA Bank (SRI)

BTA loses $331 million in first half (SRI)

Kazkommertsbank to finance $1 billion of construction and infrastructure projects in Almaty (SRI)

On the move: Nurbank (SRI)

Indicators – August 19, 2011 (Reuters)


Kazakh company sells majority stake in Kyrgyz gold venture
(SRI) – Kazakhstan-based mining company Summer Gold sold its stake in a joint venture developing the Taldy-Bulak Levoberezhny gold deposit in Kyrgyzstan to Chinese Zijin Mining Group.


Turkmen leader wages war on satellite dishes (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/19/


Kazakhstan Daily News Roundup – August 16, 2011 0

Posted on August 19, 2011 by Alex

BTA Bank reshuffles management
(SRI) – Kazakh lender BTA Bank has appointed Marat Zairov the new CEO, replacing Anvar Saidenov . Saidenov has been named chairman of the board of directors, the bank said in a statement on Monday.


Caterpillar to provide generators for Kazakh section of Asian Gas Pipeline (SRI)

Max Petroleum: Drilling begins at the UTS-3 appraisal well at Block A, Kazakhstan (Proactive Investors)


Kazakhstan may raise official inflation target – central bank
(SRI) – The National Bank of Kazakhstan may raise its inflation target for 2011 from the current 6.0-8.0%, as consumer prices in the country are rising fueled by rapid economic growth and soaring commodity prices, the central bank said in a statement last week.

Kazakh H1 trade surplus grows to $28.3 billion (Reuters)

Indicators – August 15, 2011 (Reuters)


ArcelorMittal Temirtau increases investment into coal division
(SRI) – ArcelorMittal Temirtau, the largest metallurgical enterprise in Kazakhstan, plans to invest $160 million into its coking coal division this year, up from $90 million in 2010, the company said in a statement on Monday, the Kazakhstan-Novosti news agency reported.


Kazakhstan’s Islamist threat? (The Diplomat)

CSTO informal summit opens in Astana (Interfax)

SOURCE: http://silkroadintelligencer.com/2011/08/16/




Kazakhstan Daily News Roundup – July 7, 2011 0

Posted on July 06, 2011 by KazCham

Kashagan said in crisis (again)

(bne) – Shell and its partners developing the Kashagan oilfield will have to ask the Kazakh government for an extension to the 2013 deadline for the first oil from the troubled project, in what would be a humiliating move that could have dire consequences for the future of the project, according to The Daily Telegraph.


Consortium launches $5.4-billion pipeline expansion (SRI)

Max Petroleum to raise production in Q3; receives trial production approval (SRI)

Gazprom cosies up to Kazakh billionaire (Financial Times)

Jupiter Energy eyes significant milestones in coming months (Proactive Investors)


BTA makes $166.4 coupon payment (SRI)

On the move: BTA Bank, Samruk-Kazyna (SRI)

Saks, de Beers opening stores in Kazakhstan (SRI)

Monthly inflation 0.3% in June (SRI)

Kazakh central bank leaves refinancing rate unchanged at 7.5% (SRI)

S&P affirms Kazpost ratings, withdraws them upon company request (S&P)

New defaults on the Kazakhstan Stock Exchange possible – KASE chairman (Interfax)

Indicators – July 5, 2011 (Reuters)


Kazakhstan may build new gold refinery to help boost output (SRI)

Kazakhmys to consider acquisitions with “huge” production potential (SRI)

Kazakh, Slovak companies to mine for lead ore in eastern Kazakhstan (SRI)

Sunkar reports progress on Chilisai project study (SRI)

First Quantum won’t sell its congolese plant to ENRC, pursues mine rights (Bloomberg)


The scent of elections (EurasiaNet)

Kazakhstan opens naval air base, intimidates strikers? (EurasiaNet)


Sting cancels Kazakh concert over oil worker dispute (SRI)

Kazakhs invest in new Astana (euronews)

Authoritarian Kazakh prez to be hero of fairy tale (AP)


U.S. shifts supply routes to Central Asia – report (AFP)

Turkmenistan president ’sings own birthday song’ (AFP)

SOURCE: http://silkroadintelligencer.com/2011/07/07/kazakhstan-daily-news-roundup-july-7-2011/

Kazakhstan Daily News Roundup – June 23, 2011 0

Posted on June 23, 2011 by KazCham


Strikes cripple oil production at major KMG EP oil fields
(SRI) – KazMunaiGas Exploration Production (KMG EP), the London-traded Kazakh oil company, continues to suffer production losses amid prolonged strikes at two of its major oil fields.


Samruk-Energo reaches framework agreement with China Exim Bank (SRI)


Fitch affirms BTA Bank and Alliance Bank ratings (Fitch)

BTA Bank posted net loss last month – central bank (Bloomberg)

Indicators – June 22, 2011 (Reuters)


Kazakhmys to raise copper output 60% with new deposits
(SRI) – Kazakhmys, Kazakhstan’s largest copper miner, said the expected combined annual copper production at the Bozshakol and Aktogay deposits will be 200,000 tonnes, increasing the company’s copper output by 60%.

Kazzinc, BHP to vie for Tajik silver deposit
(Reuters) – A consortium led by Glencore-owned Kazzinc and BHP Billiton are the only contenders for Tajikistan’s largest silver field after three Chinese rivals withdrew their bids, a government official said.


Kazakhstan to introduce satellite surveillance to track immigrants avoiding extradition (Interfax)

SOURCE: http://silkroadintelligencer.com/2011/06/23/kazakhstan-daily-news-roundup-june-23-2011/


Kazakhstan Daily News Roundup – June 22, 2011 0

Posted on June 21, 2011 by KazCham


BTA Bank says has cash to meet June bond payment
(SRI) – BTA Bank, Kazakhstan’s third-largest bank by assets, said it had sufficient liquidity to meet an upcoming bond coupon payment of $166 million without affecting its day-to-day operations.

BTA seeks U.K. prison terms for Ablyazov accomplices
(SRI) – BTA Bank, Kazakhstan’s third largest lender, is seeking U.K. prison terms for two alleged accomplices of the bank’s fugitive former chairman Mukhtar Ablyazov, Bloomberg reported on Tuesday.


Kazatomprom, Areva joint venture to boost uranium output in 2012
(SRI) – KATCO, a joint venture between French nuclear group Areva and Kazakhstan’s Kazatomprom, plans to raise its annual uranium production to 4,000 tonnes in 2012, the head of the venture said on Tuesday.

CPC expansion project to officially launch on July 1 (SRI)

Production resumes in Kazakhstan – Caspian Energy (Marketwire)


Kazakh MinFin working on SCO Development Bank concept – deputy minister (SRI)

Results of 2011 sowing season (AgriMarket.Info)

China to set up free trade zones with Kazakhstan, Kyrgyzstan (RIA Novosti)

Indicators – June 21, 2011 (Reuters)


Kazakhmys to start trading in Hong Kong on June 29 (SRI)

Polymetal completes Varvarinskoye audit (SRI)


The rocky road of Kazakhstan’s Afghanistan deployment (EurasiaNet)


Polygamy a fact of life in Kazakhstan (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/06/22/kazakhstan-daily-news-roundup-june-22-2011/


↑ Top