Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – October 3, 2011 0

Posted on October 03, 2011 by Alex

ENERGY:

Kashagan moving towards first oil 
(SRI) – The Western-led consortium developing the giant Kashagan oil field is working towards commissioning its facilities to launch commercial production in 2012, the Panorama business weekly reported on Friday.

BMB Munai announces cash dividend from Emir Oil deal (SRI)

Kazatomprom ups 2011 uranium output forecast (SRI)

Ukrainian companies interested in participating in hydrocarbon exploration and production projects in Kazakhstan (Interfax)

BUSINESS AND ECONOMY:

BTA makes $175-million payment on trade finance loan (SRI)

Ex-Im Bank lends $425 million to Kazakhstan’s railways (SRI)

Foreign debt rises by 5% in first half – central bank (SRI)

Tsesnabank to raise $37 million (SRI)

Asian Development Bank to provide local-currency financing to Kazakh SMEs (SRI)

Kazakhstan important link between China and Europe (Trend)

KazAviaSpektr to launch an agricultural plane plant in December in Karaganda (Interfax)

Indicators – September 30, 2011 (Reuters)

METALS AND MINING:

Kazakhmys begins share buyback program (SRI)

Fortis Mining granted halt pending Potash Salt Deposits geological report (Proactive Investors)

SOCIETY:

Top Kazakh Muslim cleric raps tough new religion law, warns of extremism (Reuters)

Kazakh strikers demand apology from president’s son-in-law (RFE/RL)

REGIONAL:

Moscow strives to clarify vision for Central Asian alliance (EurasiaNet)

In post-Soviet Central Asia, Russian takes a backseat (RFE/RL)

Obama, Uzbek leader discuss Afghan supply route (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/10/03/kazakhstan-daily-news-roundup-october-3-2011/

Kazakhstan Daily News Roundup – September 28, 2011 1

Posted on September 28, 2011 by Alex

Kazakhstan Daily News Roundup – September 27, 2011 0

Posted on September 27, 2011 by Alex

ENERGY:

Kazakhstan considering processing crude oil in China – Minister (SRI)

Roxi Petroleum hopeful of new farm-out for BNG oil block in Kazakhstan this year (Proactive Investors)

Tethys reports positive initial results from AKDO6 Doris well in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

BTA’s capital gap widened 83% last month – central bank
(Bloomberg) – BTA Bank’s capital shortfall widened 83 percent last month after assets dropped, the Kazakh central bank said.

Kazakhstan, China to double bilateral trade by 2015 (SRI)

Talgo passenger train plant in Kazakhstan nearing completion (SRI)

Thunderbird business school expands to Kazakhstan (BusinessWeek)

Kazakhstan completes WTO talks with U.S. on access to markets (Interfax)

Indicators – September 26, 2011 (Reuters)

METALS AND MINING:

Kazakhstan to enter race for rare earth elements
(SRI) – Kazakhstan plans to produce 1,500 tonnes of rare earths next year, aiming to fill the void created by China, as the world’s largest producer of rare earth elements seeks to curb exports, Dow Jones Newswires reported on Tuesday.

ENRC to pick Mashkevich, helping resolve dispute – analysts
(Bloomberg) – Eurasian Natural Resources Corp. (ENRC) will probably select billionaire founder Alexander Mashkevich as chairman, helping resolve a dispute over board appointments and bringing clarity to decision-making, according to analysts.

SOCIETY:

Kazakhs dance themselves dizzy (EurasiaNet)

REGIONAL:

Twenty candidates to vie for Kyrgyz presidency

(Reuters)

Mongolia wants to speed up raising its stake in copper (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/09/27/kazakhstan-daily-news-roundup-september-27-2011/

Kazakhstan Daily News Roundup – August 9, 2011 0

Posted on August 08, 2011 by KazCham

ENERGY:

KazMunaiGas raises $1-billion syndicated loan (SRI)

Kazakhstan increases uranium output in H1 (SRI)

Max Petroleum makes new oil discovery in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

BTA reshuffles management amid performance worries
(SRI) – BTA Bank is set to replace chairman Arman Dunayev with CEO Anvar Saidenov as it tries to improve performance, Bloomberg reported last week, citing two sources familiar with the decision.

On the move: Kazkommertsbank (SRI)

Sberbank to issued $684-million worth of debt by 2012 (SRI)

Inditex to buy out its franchises in Kazakhstan (SRI)

Fitch withdraws ratings of Astana Finance and Astana Finance Leasing (Fitch)

Kazakhstan to produce 18-20 million tonnes of grains in 2011 – Nazarbayev (Interfax)

Indicators – August 8, 2011 (Reuters)

METALS AND MINING:

ENRC Q2 ferrochrome up, running at full capacity (Reuters)

ArcelorMittal Temirtau in $150 mln furnace upgrade (Reuters)

Polyus has 3 million ounces of gold in Kazakhstan, Romania (Bloomberg)

Frontier Mining: Three directors boost holdings in firm (Proactive Investors)

POLITICS AND SECURITY:

Kazakhstan returns prisons to tough Interior Minsitry control after riots and breakouts (The Telegraph)

Kazakhstan makes ‘quantum leap’ in its EU relations (TheParliament)

Kazakhstan launches Steppe Eagle exercises (Trend)

SOCIETY:

Is state-sponsored hacking curbing Internet freedom? (EurasiaNet)

REGIONAL:

Turkmenistan sets presidential vote for February 12 (AFP)

Central Asia’s 10 most influential (and connected) women (RFE/RL)

Kazakh bid for more Kyrgyz water comes up dry (RFE/RL)

Tajikistan bans youth from mosques (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/09/kazakhstan-daily-news-roundup-august-9-2011/

Kazakhstan Daily News Roundup – June 21, 2011 0

Posted on June 20, 2011 by KazCham

ENERGY:

Reports of Shell’s office closure mistaken – executive
(SRI) – Kenzhebek Ibrashev, head of KazMunaiTeniz, a state-owned oil company responsible for offshore projects, denied reports that Royal Dutch Shell plans to shut its Kazakhstan office.

CPC June export program at 2.63 million tonnes (SRI)

BUSINESS AND ECONOMY:

Kazkommertsbank to acquire Russian subsidiary of Barclays – newspaper
(SRI) – Kazkommertsbank, Kazakhstan’s largest bank by assets, is close to acquiring the Russian unit of UK-based Barclays, the Kommersant business daily reported on Monday.

VTB Kazakhstan issues shares; increases capital
(SRI) – VTB Kazakhstan, the subsidiary of Russia’s state-owned VTB Bank, has placed 1.1 million shares worth KZT11 billion ($75.5 million), more than doubling its capital to KZT20 billion ($137.5 million).

Kazakh wealth fund’s BTA bond plunges on coupon worry (Reuters)

Fitch affirms ratings of Development Bank of Kazakhstan and KazAgroFinance (Fitch)

Indicators – June 20, 2011 (Reuters)

METALS AND MINING:

Polyus, KazakhGold combined company close to London listing
(SRI) – Polyus Gold, Russia’s largest gold miner, has finalized the terms of the proposed reverse takeover of its subsidiary KazakhGold to gain a listing in London, concluding months of tough negotiations leading up to the deal.

SOURCE: http://silkroadintelligencer.com/2011/06/21/kazakhstan-daily-news-roundup-june-21-2011/

 

Kazakhstan Daily News Roundup – May 26, 2011 0

Posted on May 26, 2011 by KazCham

Kazakhstan Daily News Roundup – May 17, 2011 0

Posted on May 17, 2011 by KazCham

HEADLINES:

Kazakh BTA bank bonds in sharp selloff
(Reuters) – Bonds in Kazakhstan’s BTA bank extended recent sharp losses on Monday, with the 2025 issue trading at a record low 56 cents on the dollar, following recent results which some said had disappointed investors.

Kazakhmys to list shares in Hong Kong in June
(SRI) – Kazakh copper miner Kazakhmys has gained regulatory approval for a secondary listing in Hong Kong, as it tries to build up its relationship with China, its largest customer.

ENERGY:

Kazakhstan increases oil, gas, coal production in Jan-Apr 2011 (SRI)

Max Petroleum finds oil in ZMA-ET2 well at Zhana Makat field (Proactive Investors)

BUSINESS AND ECONOMY:

Kazakh Q1 trade surplus grows to $11.6 billion (Reuters)

$40 oil price appears in Kazakh economy negative scenario (Interfax)

Indicators – May 16, 2011 (Reuters)

METALS AND MINING:

Polyus Gold to close reverse takeover of KazakhGold in July
(RIA Novosti) – Russia’s top gold miner Polyus Gold will close a long delayed reverse takeover by Kazakhstan’s KazakhGold in July, Mikhail Prokhorov, owner of Onexim group, one of Polyus Gold’s beneficiaries, said on Monday.

Kazakh Jan-Apr copper, zinc output down (Reuters)

Frontier Mining: pit study underlines quality of Benkala project (Proactive Investors)

REGIONAL:

U.S. appoints first Turkmenistan envoy in 5 years (Reuters)

Jubilant Azerbaijan seeks new image with Eurovision (AFP)

 

Kazakhstan Daily News Roundup – May 16, 2011 0

Posted on May 16, 2011 by KazCham

HEADLINES:

New focus on “people’s IPO” following election
(bne) – With Kazakhstan’s presidential elections out of the way, the focus in Astana is on the “People’s IPOs”. Plans to sell minority stakes in various state-owned enterprises are a little behind schedule, but due to take place by the end of the year.

ENERGY:

MIE Holdings issues $400-million bond to buy Kazakh oil junior (SRI)

Max Petroleum begins drilling NARS-1 exploration well on Narmundanak South prospect(Proactive Investors)

Tub-Karagan-2 exploration well completed (Interfax)

Uranium One turns a profit in the first quarter, posts record revenue (Proactive Investors)

BUSINESS AND ECONOMY:

Kazkommertsbank issues $300-million Eurobond
(SRI) – Kazkommertsbank, Kazakhstan’s largest lender by assets, has placed a seven-year Eurobond worth $300 million at an annual rate of 8.50% on May 5, the bank said last week.

Kazakh bank BTA returns to profit, may sell assets
(Reuters) – Kazakh bank BTA is open to offers for its Belarussian and Turkish assets and will seek to expand lending to the retail sector and small businesses at home this year, the bank’s chief executive said last Thursday.

Kazakhstan Temir Zholy repays $450-million Eurobond (SRI)

Asian Development Bank to lend $500 million to Kazakhstan for SMEs (SRI)

On the move: Samruk-Kazyna (SRI)

Kazakhstan GDP grows 6.6% in Q1 – statistics agency (Reuters)

Kazakhstan oligarch suffers setback in London legal battle (EurasiaNet)

Indicators – May 13, 2011 (Reuters)

METALS AND MINING:

Glencore’s $7.6-billion Kazakh business under threat
(Telegraph) – Kazakhstan’s leading opposition figures have accused Glencore of benefiting from an illegal privatisation of assets, amid fears the recent commodities sell-off could hurt the company’s valuation or force it to pull its $61-billion flotation.

ENRC warns on cost pressures, Q1 output rises (Reuters)

POLITICS:

Kazakhstan making steady progress against corruption (The Hill)

Kazakhstan: Washington experts go on spin cycle (Eurasia Review)

Kazakhstan and NATO preparing for a new partnership stage (Interfax)

 

Kazakhstan Daily News Roundup – April 27, 2011 0

Posted on April 27, 2011 by KazCham

ENERGY:

Former Deputy Minister named head of MangistauMunaiGas
(SRI) – Asset Magauov, former Deputy Minister of Oil and Gas, has been appointed the new head of MangistauMunaiGas, a subsidiary of Kazakhstan’s national oil and gas company KazMunaiGas.

BUSINESS AND ECONOMY:

BTA wrote off $3.3 billion in last 12 months
(SRI) – BTA Bank, Kazakhstan’s third-largest by assets, wrote off KZT481 billion ($3.3 billion) of loans in the 12 months to April 1, Bloomberg reported on Tuesday.

Sberbank aims to triple investment in Kazakhstan
(Reuters) – Sberbank’s Kazakh unit aims to grow net income this year by carving a larger niche in the local market and together with its Russian parent plans to boost investment in the country to almost $1 billion.

Kazakhstan said to seek sale of Alliance Bank stake to EBRD after bailout
(Bloomberg) – Kazakhstan wants to sell a stake in Alliance Bank to the European Bank for Reconstruction and Development (EBRD), potentially making it the first of the Kazakh banks that defaulted during the financial crisis to attract an international investor, said three people familiar with talks.

Kazakhstan’s ATF Bank plans $276-million stock issue
(Reuters) – Kazakhstan’s ATF Bank , majority owned by Italian bank UniCredit SpA , plans to raise $276 million by issuing 7.66% of its ordinary shares.

EBRD extends trade finance guarantee facility to VTB Kazakhstan
(SRI) – The European Bank for Reconstruction and Development (EBRD) has extended a $20-million trade finance guarantee facility to VTB Kazakhstan.

Halyk Bank allocates $37.8 million for 2010 dividend
(SRI) – Halyk Bank, Kazakhstan’s second largest lender by assets, said on Tuesday it would allocate KZT5.5 billion ($37.8 million) from its 2010 net profit to pay dividends on its preferred shares.

Kazakh 2011 GDP growth may accelerate to 7% – Kelimbetov (Reuters)

National Bank of Kazakhstan: Exchange rates April 27, 2011 (Kazakhstan Today)

Indicators – April 26, 2011 (Reuters)

METALS AND MINING:

KazakhGold reduces net loss by 60% in 2010
(SRI) – KazakhGold, the Kazakhstan-focused subsidiary of Russian miner Polyus Gold, reported a net loss of $57.3 million in 2010, compared with a loss of $143.7 million in 2009.

SOCIETY:

High rollers hit Kaz Vegas, a far cry from Las Vegas (EurasiaNet)

REGIONAL:

Energy-rich Central Asia, Gulf states plan new rail route (Reuters)

Disappointed by West, Uzbekistan turns to China (AFP)

Turkmen president hosts horse beauty contest (AFP)

SOURCE: http://silkroadintelligencer.com/2011/04/27/kazakhstan-daily-news-roundup-april-27-2011/

Kazakhstan Daily News Roundup – April 22, 2011 0

Posted on April 22, 2011 by KazCham

ENERGY:

Karachaganak dispute to be settled by H1 – minister
(SRI) – Kazakhstan hopes to settle the long-running dispute with the operators of the Karachaganak gas condensate field in the first half of this year, Oil and Gas Minister Sauat Mynbayev told reporters on Thursday.

Karachaganak partners pay $773 million in export duty
(SRI) – Karachaganak Petroleum Operating (KPO), the Western-led consortium developing the Karachaganak gas condensate field in western Kazakhstan, paid $773 million in export duties in 2008-2010, Oil and Gas Minister Sauat Mynbayev said.

KMG EP completes $164-million Ural Group acquisition (SRI)

Kazakhstan oil refining down 10.4% in January-March (Interfax – Kyiv Post)

BUSINESS AND ECONOMY:

BTA posts profit for third straight quarter; bonds fall by record (Bloomberg)

Air Astana to fly to Tbilisi and Samara in 2011 (Interfax)

National Bank of Kazakhstan: Exchange rates April 22, 2011 (Kazakhstan Today)

Indicators – April 21, 2011 (Reuters)

REGIONAL:

Uzbekistan says signs China deals worth $5 billion (Reuters)

Uzbek rappers to turn more humane, patriotic – official (AFP)

Kyrgyz MPs sacrifice rams to banish “evil spirits” (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/04/22/kazakhstan-daily-news-roundup-april-22-2011/



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