Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Brief – October 7, 2011 0

Posted on October 06, 2011 by Alex

ENERGY:

Kazakhstan, Karachaganak partners yet to reach agreement – Mynbayev
(SRI) – Kazakhstan is yet to reach an agreement on buying into the Karachaganak oil and gas project, and new negotiations on the planned third phase of its development will be necessary once a deal is reached, Kazakhstan’s Minister of Oil and Gas Sauat Mynbayev said on Thursday.

Kazakhstan not ready to join EU-backed gas pipelines (SRI)

KazMunaiGas starts reserves audit (SRI)

Caspian oil shipments to fall amid work on CPC pipeline expansion (Reuters)

Max loses Kazakh tax appeal (Upstream Online)

Kazakh oil giant denies talks with striking workers (RFE/RL)

BUSINESS AND ECONOMY:

Kazkommertsbank receives $130 million to fund stalled construction projects (SRI)

Kazakhstan produces 23.8 million tonnes of grains to date (AgriMarket.Info)

Kazakh Ministry of Economic Development and Trade raises 2011 foreign trade forecast(Interfax)

Indicators – October 6, 2011 (Reuters)

POLITICS AND SECURITY:

Kazakhstan welcomes Putin’s Eurasian Union concept (Daily Telegraph)

SOCIETY:

Shrinking lake in Kazakhstan portends hard, dry times ahead (Washington Times)

SOURCE: http://silkroadintelligencer.com/2011/10/07/kazakhstan-daily-news-brief-october-7-2011/

Kazakhstan Daily News Roundup – August 2, 2011 0

Posted on August 01, 2011 by KazCham

Kazakhstan Daily News Roundup – July 14, 2011 0

Posted on July 13, 2011 by KazCham

Kazakhstan Daily News Roundup – June 22, 2011 0

Posted on June 21, 2011 by KazCham

HEADLINES:

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.

ENERGY:

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)

BUSINESS AND ECONOMY:

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)

METALS AND MINING:

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

Polymetal completes Varvarinskoye audit (SRI)

POLITICS:

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

SOCIETY:

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

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

 

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 4, 2011 0

Posted on May 04, 2011 by KazCham

ENERGY:

CPC expansion, regardless of Bosporus bypass – KMG head (New Europe)

World Wide comments on Kazakhstan arbitration (Marketwire)

BUSINESS AND ECONOMY:

Kazakhstan tries to beef up exports
(bne) – Kazakhstan wants to take advantage of its proximity to the world’s largest beef importers. The country’s abundance of pastureland and history of nomadic herding is a good start, but investment in modern technologies and good breeding stock are going to be equally important.

Mittal rumored to buy KazStroyService
(SRI) – Lakshmi Mittal, the India-born billionaire, plans to buy a 35% stake in Kazakh engineering, procurement and construction firm KazStroyService, India’s Business Standard reported on Sunday.

A new Silk Road beckons from Central Asia, igniting dreams in Kazakhstan
(Washington Post) – A thousand years after the Silk Road began disappearing into the wind-blown steppe, the people of Kazakhstan are awaiting a modern, paved, high-speed version carrying 21st-century jewels such as jobs, indoor plumbing and connections to the global economy.

Kelimbetov to end stint on Sberbank’s supervisory board (SRI)

Kazakhstan to raise per capita income by 50% by 2016 – Nazarbayev (SRI)

Halyk posts biggest first-quarter profit among Kazakh lenders (Bloomberg)

Venus Airport Investments takes over Almaty airport (Interfax)

Kazakh president wants ‘road map’ for new international currency (RFE/RL)

Indicators – May 3, 2011 (Reuters)

POLITICS:

Obama, Kazakh leader talk ‘democratization’
(AFP) – President Barack Obama spoke with the Kazakh leader Saturday about the central Asian country’s need for “greater democratization,” the White House said in a statement.

Kazakhs ratifies agreement with US on air transit of supplies and troops (AP)

Two former top Kazakh judges detained for suspected corruption (RFE/RL)

SOCIETY:

Magnitude 5.4 earthquake hits Kazakhstan – USGS (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/05/04/kazakhstan-daily-news-roundup-may-4-2011/

Kazakhstan Daily News Roundup – April 20, 2011 0

Posted on April 20, 2011 by KazCham

ENERGY:

CPC shareholders agree to launch Expansion Project construction (Trend)

BUSINESS AND ECONOMY:

Kazakhstan to manage stakes in failed lenders via new vehicle
(Bloomberg) – Kazakhstan will consolidate state stakes in BTA Bank, Temirbank and Alliance Bank, three of the four Kazakh lenders that defaulted in 2009, in a new management company, central bank Chairman Grigoriy Marchenko said.

Kazakh tenge gain may not slow inflation – central bank
(Bloomberg) – A stronger currency doesn’t necessarily help slow inflation in countries like Russia and Kazakhstan, according to Grigoriy Marchenko, governor of the National Bank of Kazakhstan.

Kazakhstan urges Russia, Belarus to coordinate currency policies
(Bloomberg) – Kazakhstan urged Russia and Belarus to align currency policies between the three members of a customs union and avoid “sharp, unilateral” devaluations.

Kazakhstan open to discuss turning Baikonur Space Center into joint stock company (RIA Novosti)

Kazakhstan to increase annual financing of geological exploration to KZT40 billion (Interfax)

All projects receiving state support to undergo local content expertise from 2012 (Interfax)

Turkey’s Aselsan to set up plant in Kazakhstan (Trend)

Indicators – April 19, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal Kazakh unit plans $900-million investment
(Reuters) – ArcelorMittal, the world’s largest steelmaker, plans to invest nearly $900 million by 2015 to upgrade its Temirtau plant in Kazakhstan, a company official said.

Workers at Kazakh copper giant go on strike (RFE/RL)

POLITICS:

Kazakhstan makes real progress toward democracy (The Hill)

Kazakh President Nazarbayev sets off for official visit to Estonia (RIA Novosti)

Kazakhstan Daily News Roundup – January 18, 2011 0

Posted on January 18, 2011 by KazCham

HEADLINES:

Kazakh council to rule on extension to leader’s rule
(Reuters) – Kazakhstan’s president on Monday asked a constitution council to examine a proposed referendum on a 10-year extension to his rule, which would allow him to bypass two elections and lead the oil-rich nation unopposed until 2020.

Kazakhstan to pass legislation on corporate Islamic bond issues
(SRI) – Kazakhstan’s government expects to pass legislation within the next two months that would enable companies to sell Islamic bonds, Bloomberg reported on Monday citing Deputy Prime Minister Aset Issekeshev.

ENERGY:

CPC February provisional program 2.492 million tonnes (Dow Jones)

Power generation up 5% in 2010 – KEGOC (SRI)

BUSINESS AND ECONOMY:

Kazakh Oil Fund earned $900 million on investments last year (Bloomberg)

Jan-Nov trade surplus surges to $28.9 billion (Reuters)

PNB chief says Kazakh Dana Bank expected to turn around in a year (Economic Times)

Kazakhstan ratifies space cooperation agreement with Russia (RIA Novosti)

Food Contract Corporation to not export grains in 2010-11 (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates January 18, 2011 (Kazakhstan Today)

Indicators – January 17, 2011 (Reuters)

METALS AND MINING:

UK’s ZincOx gets final payment from sale of Kazakh zinc deposit (Platts)

ArcelorMittal Temirtau to commission billet caster by end of 2011 (Steel Guru)

ENRC chairman sells 25% of his stake (ShareCast)

POLITICS:

Kazakh MPs back referendum to extend leader’s rule (Reuters)

Nuclear watchdog backs Kazakh plan to farm nuclear wasteland (Telegraph)

Kazakh NGOs ask Nazarbayev to hold 2012 presidential elections (RIA Novosti)

Pro-referendum democratic coalition formed in Kazakhstan (Interfax)

REGIONAL:

EU has Azerbaijan ’support’ for gas pipeline project (AFP)

Kyrgyz village named Barak asks U.S. namesake for help (AFP)

One percent of Tajikistan ceded to China – official (AFP)

Source: http://silkroadintelligencer.com/2011/01/18/kazakhstan-daily-news-roundup-january-18-2011/

Kazakhstan Daily News Roundup – January 12, 2011 0

Posted on January 12, 2011 by KazCham

ENERGY:

KMG EP crude oil production up 16% in 2010
(SRI) – KazMunaiGas Exploration Production (KMG EP), the upstream-focused subsidiary of the Kazakh national oil company, increased crude oil production by 16% last year to 13.29 million tonnes (270,000 barrels per day), the company said on Tuesday.

CPC oil exports rise 1% in 2010 (SRI)

Tethys Petroleum receives approval for Doris oil production project in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

Kazakhstan will abandon currency corridor in March
(Bloomberg) – Kazakhstan will loosen its control over the tenge and return to a managed floating currency regime from March 20, according to National Bank of Kazakhstan Governor Grigoriy Marchenko.

Kazakh central bank sees 5-6% economic growth in 2011
(Reuters) – Kazakhstan’s central bank on Tuesday forecast that Central Asia’s largest economy would grow by between 5 percent and 6 percent this year, higher than the latest official government forecast for 2011.

National Bank of Kazakhstan: Exchange rates January 12, 2011 (Kazinform)

Indicators – January 11, 2011 (Reuters)

POLITICS:

Kazakh police seize pro-democracy protesters (Telegraph)

REGIONAL:

Turkmenistan replaces gas company head, eyes Europe (Reuters)

Turkmenistan growth accelerates in 2010 – president (Reuters)

Kazakhstan Daily News Roundup – October 5, 2010 0

Posted on October 05, 2010 by KazCham



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