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Kazakhstan Daily News Roundup – January 25, 2011 0

Posted on January 25, 2011 by KazCham

HEADLINES:

KazMunaiGas to raise $500 million in 2011; crude production to remain stable
(SRI) – KazMunaiGas (KMG), Kazakhstan’s national oil and gas company, plans to raise about $500 million this year to restructure its debt and fund new and existing projects, the company’s chief executive Kairgeldy Kabyldin said.

Caspian Transportation System postponed until 2018 – KMG
(SRI) – The implementation of the Kazakhstan Caspian Transportation System (KCTS) will be postponed at least until 2018, KazMunaiGas head Kairgeldy Kabyldin said.

Samruk-Kazyna to raise $1 billion in 2011
(SRI) – Samruk-Kazyna, Kazakhstan’s state holding and investment company, plans to raise more than $1 billion on local and international markets this year to finance investment projects of its subsidiaries and affiliated companies.

ENERGY:

Caspian Sea oil find could be ‘biggest this year’ (Telegraph)

Kazakhstan increases oil refining by 13% in 2010 (SRI)

BTC and Tengizchevroil continuing talks – KMG head (TREND)

BUSINESS AND ECONOMY:

Kazakh bank loan portfolio seen flat in 2011 – central bank (Reuters)

National Bank of Kazakhstan: Exchange rates January 25, 2011 (Kazakhstan Today)

Indicators – January 24, 2011 (Reuters)

MINERAL RESOURCES:

Central Asia Resources appoints Christopher Campbell-Hicks to progess Kazakhstan projects (Proactive Investors)

Alhambra Resources: Granting of stock options (Marketwire)

POLITICS:

Foreign Minister to get warm Washington welcome despite democracy concerns? (EurasiaNet)

Kazakhstan ratifies agreement with IBRD on borrowing $17 million for reform (Itar-Tass)

SOURCE: http://silkroadintelligencer.com/2011/01/25/kazakhstan-daily-news-roundup-january-25-2011/



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