Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – September 29, 2010 0

Posted on September 29, 2010 by KazCham

HEADLINES:

Mittal sells stake in Kazakh oil company to Chinese Sinopec
(SRI) – Mittal Investment Sarl, the investment vehicle of India’s steel tycoon Lakshmi Mittal, sold its stake in Kazakhstan-focused oil company Caspian Investment Resources to Chinese Sinopec for an undisclosed sum, local media reported on Tuesday.

Bank of China lends $232 million to KMG, Citic joint venture
(SRI) – Bank of China Ltd. has agreed to lend $232 million to the joint venture of Kazakhstan’s KazMunaiGas and Chinese Citic Group to build a bitumen plant in Aktau.

Kaspi Bank to boost lending by up to 15% in 2010 – CEO
(SRI) – Kaspi Bank, Kazakhstan’s eighth largest bank, plans to grow its loan portfolio by 10-15% in 2010 as it expects to rebound from last year’s net loss, the bank’s CEO Mikhail Lomtadze told Reuters.

ENERGY:

Max Petroleum to drill well at Asanketken (SRI)

Russia, Kazakhstan plan to develop renewable energy industry (RIA Novosti)

BUSINESS AND ECONOMY:

Airstream arranges ERJ-145 delivery to Kazakhstan (ERAA)

National Bank of Kazakhstan: Exchange rates September 29, 2010 (Kazakhstan Today)

Indicators – September 28, 2010 (Reuters)

METALS AND MINING:

New rebar mini-mill commissioned in southern Kazakhstan (SteelOrbis)

Alhambra closes oversubscribed equity financing for $8 million (Marketwire)

POLITICS:

Kazakhstan’s president confidence rating high (Interfax)

Issues of opposing nuclear terror financing discussed in Astana (Itar-Tass)



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