Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – August 23, 2011 0

Posted on August 24, 2011 by Alex

ENERGY:

Caspi Meruerty postpones drilling of exploration well
(SRI) – Caspi Meruerty Operating Company B.V. (CMOC) had to postpone the drilling of a planned exploration well at the Zhemchuzhina (Pearls) oil block in the Caspian Sea due to unavailability of suitable drilling equipment in the region, the Panorama business weekly reported on Friday.

KazMunaiGas net income grows 70% in first half
(SRI) – Kazakh national oil and gas company KazMunaiGas said its first-half net income increased 70% from a year earlier to KZT246.2 billion ($1.7 billion), the company said in a statement on Monday.

Kazatomprom to sharply increase uranium pellets exports to China
(SRI) – Kazatomprom, Kazakhstan’s state owned uranium miner, plans to increase 100-fold its sales of uranium pellets to China, as the country aims to nearly triple the number of nuclear power plants it operates, Bloomberg reported on Monday.

BUSINESS AND ECONOMY:

Kazakhstan’s financial sector problems drag on
(bne) – Astana Finance is struggling to reach a debt restructuring deal with creditors after Kazakhstan’s sovereign wealth fund Samruk-Kazyna pulled the plug on extra financing for the troubled firm.

Kazakhstan’s wheat crop expected at 14.5 million tonnes
(SRI) – Kazakhstan expects to harvest 14.5 million tonnes of wheat this year, out of a total projected grain crop of 18-18.9 million tonnes, Interfax reported on Monday, citing Agriculture Minister Asylzhan Mamytbekov.

Kazakhstan to spend KZT1.5 trillion ($10.2 billion) on industrialization projects in 2011 (Interax)

Fitch rates Kazakhstan’s KazExportAstyk ‘B’; Rating Watch Negative (SRI)

Labor unrest denting Astana’s economic image (EurasiaNet)

Indicators – August 22, 2011 (Reuters)

POLITICS:

CEC confirms Senate election results (Interfax)

REGIONAL:

Biden offers U.S. support for democratic Mongolia (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/08/23/

 

Kazakhstan Daily News Roundup – August 18, 2011 0

Posted on August 19, 2011 by Alex

ENERGY:

On the move: Shell-led oil consortium names new head
(SRI) – Caspi Meruerty Operating Company B.V. (CMOC) has named Aslan Shapabayev the venture’s director general, the Trend news agency reported on Wednesday, citing the press office of Kazakh oil company KazMunaiTeniz.

Lukoil to abandon two offshore exploration projects in Kazakhstan (SRI)

Fluor awarded CPC expansion contract (SRI)

KazMunaiGas shareholders approve intergation of NBK subsidiary (SRI)

BUSINESS AND ECONOMY:

Halyk to buy back 50% of preferred shares in 2011 – CEO
(SRI) – Halyk Bank, Kazakhstan’s second-largest lender by assets, may buy back more than half of its preferred shares held by the state-owned holding and investment company Samruk-Kazyna by the end of the year, Reuters reported on Wednesday.

Kazakhstan to harvest 18.9 million tonnes in 2011 – forecast (SRI)

National Fund for Innovation to set up two venture funds (Interfax)

Indicators – August 17, 2011 (Reuters)

METALS AND MINING:

Glencore rumored to seek a stake in ENRC again
(SRI) – The world’s largest commodity trader Glencore International AG plans to acquire a 14.59% stake in Eurasian Natural Resources Corporation (ENRC) from one of the company’s founders, Alexander Mashkevich, Israeli news portal IzRus reported on Wednesday.

ENRC corporate governance review to be concluded mid-September (SRI)

ENRC first-half income grows 29% on higher commodity prices (SRI)

Ex-head of ENRC set for board as charges dropped – FT (Reuters)

Mining Machines supplies equipment to Kazchrome (Interfax)

SOCIETY:

Kazakhstan to buy Russian helicopters for ambulance aviation (Trend)

Striking oil workers’ leader sentenced in Kazakhstan (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/08/18/

 



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