Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – September 12, 2011 0

Posted on September 12, 2011 by Alex

Kazakhstan Daily News Roundup – August 25, 2011 0

Posted on August 25, 2011 by Alex

Kazakhstan Daily News Roundup – August 22, 2011 0

Posted on August 24, 2011 by Alex

ENERGY:

On the move: RBG, Ministry of Industry and New Technologies (SRI)

Condor Kazakhstan well tests 300 bpd of 35 degree API gravity oil (Oil and Gas Eurasia)

BUSINESS AND ECONOMY:

Kazakhstan makes progress in building upon oil wealth; needs to further diversify economy – IMF
(SRI) – Kazakhstan’s oil wealth has had a positive effect on economic growth but the country needs to step up its efforts to develop other sectors of the economy, the International Monetary Fund (IMF) said in a report published last week.

KASE Index drops 4.84% on Friday (SRI)

Food Corporation distributes 1 million tonnes of grain at fixed price (Interfax)

Indicators – August 19, 2011 (Reuters)

METALS AND MINING:

Rare earth metal exports rise 75% in first half of 2011 (SRI)

ENRC needs tough outside voices if founder joins board (Reuters)

POLITICS AND SECURITY:

Kazakhstan’s ruling party takes all seats in Senate election (RFE/RL)

Former top Kazakh official under investigation (RFE/RL)

Kazakhstan, Kyrgyzstan, Tajikistan to set up joint emergency response center (Interfax)

SOCIETY:

Kazakhstan blocks “extremist” foreign Internet sites
(Reuters) – A court in Kazakhstan ruled on Friday to block access to 13 foreign Internet sites, including the popular blogging service LiveJournal, saying they were propagating terrorism and inciting religious hatred.

REGIONAL:

Satellite loss deals ’severe blow’ to Russia – experts (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/22/

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/

 

Kazakhstan Daily News Roundup – August 12, 2011 0

Posted on August 12, 2011 by KazCham

Central Asian fuel crisis eases
(bne) – Russian gas deliveries to Kyrgyzstan and a cut in export duties for Tajikistan are bringing to an end the price hikes and fuel shortages that have crippled parts of Central Asia over the past few months.

Karachaganak partners and Kazakh government continuing dispute settlement negotiations(SRI)

Korea may offer stake in energy company in exchange for uranium access in Kazakhstan (SRI)

Oil and gas production up in Jan-July (SRI)

Uranium One jumps most in three years as quarterly profit climbs fivefold (Bloomberg)

BUSINESS AND ECONOMY:

KASE Index up and down in wake of global market volatility
(SRI) – Following the global trend, Kazakh stock market soared the most in two years on Wednesday on U.S. Federal Reserve pledges to keep interest rates near zero, only to give up much of the gains the following day.

Industrial production goes up 4.8% in Kazakhstan for Jan-July (Interfax)

Nazarbayev and Yanukovych discuss trading and economic cooperation (Interfax)

Ukraine’s PM offers Russia, Kazakhstan to coordinate grain policy (Interfax – Kyiv Post)

Fitch assigns Alliance Bank senior unsecured notes ‘RR4? recovery rating (SRI)

Indicators – August 11, 2011 (Reuters)

METALS AND MINING:

ENRC admits inquiry over audit allegations (The Telegraph)

Kazakhmys eyeing Central Asia for business expansion (Interfax)

POLITICS AND SECURITY:

U.S. and UK continue training of Kazakhstan military after Afghanistan rebuff (EurasiaNet)

SOCIETY:

U.S. rights body urges release of Kazakh lawyer
(Reuters) – The U.S.-based human rights body Freedom House has demanded the immediate release from prison of a Kazakh labor lawyer, saying trumped-up accusations were used to punish her for supporting striking oil workers.

REGIONAL:

China train maker signs $395-million contract with Turkmenistan (AFP)

Land seizures in China’s Kashgar fuel anger among Uighurs (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/08/12/kazakhstan-daily-news-roundup-august-12-2011/

Kazakhstan Daily News Roundup – August 10, 2011 0

Posted on August 09, 2011 by KazCham

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 – August 1, 2011 0

Posted on July 31, 2011 by KazCham

Kazakhstan Daily News Roundup – July 26, 2011 0

Posted on July 25, 2011 by KazCham

HEADLINES:

Kulibayev would succeed Nazarbayev if needed – presidential advisor
(SRI) – Timur Kulibayev, the powerful son-in-law of Kazakhstan’s President Nursultan Nazarbayev, could succeed the aging leader, Nazarbayev’s confidant Yermukhamet Yertysbayev told a Russian newspaper.

Fast food on the steppe
(bne) – Americana Group has brought several fast food franchises – KFC, Pizza Hut and most recently Hardee’s – to the Kazakh market. But unlike Russia and the western part of the Commonwealth of Independent States, Kazakhstan has yet to see the arrival of McDonald’s and its big rival Burger King.

ENERGY:

Tethys shares start trading on LSE (SRI)

Fitch affirms Tengizchevroil notes, changes Outlook to Positive (SRI)

Kazakhstan’s Pavlodar refinery restarts after 30 days of repairs (Oil and Gas Eurasia)

BUSINESS AND ECONOMY:

Nurbank first-half income up 17-fold (SRI)

Kazakhstan’s grain harvest to reach 16-17 million tonnes in 2011 (SRI)

Kazakh Foreign Ministry denies notification of Ablyazov’s political shelter in the UK (Interfax)

Etihad Crystal Cargo announces new freighter operation to Almaty (LogisticsWeek)

Indicators – July 25, 2011 (Reuters)

METALS AND MINING:

Court hears ENRC bid to strike out $2-billion lawsuit (Reuters)

POLITICS AND SECURITY:

Kazakhstan objects to inclusion on “terror” list, but U.S. stands behind it (EurasiaNet)

SOURCE: http://silkroadintelligencer.com/2011/07/26/kazakhstan-daily-news-roundup-july-26-2011/

 

Kazakhstan Daily News Roundup – July 19, 2011 0

Posted on July 19, 2011 by KazCham

ON THE MOVE:

On the move: Max Petroleum, Kar-Tel (SRI)

ENERGY:

Kazakhstan to be self sufficient in fuel production by 2015 – PM (SRI)

Roxi Petroleum secures two year extension to BNG contract (Proactive Investors)

Anti-Monopoly Agency launches administrative cases against KazMunaiGas, Helios (Interfax)

BUSINESS AND ECONOMY:

Air Astana reports “satisfactory” results despite rising fuel costs (SRI)

GSM Kazakhstan to invest $185 million in network development (SRI)

EBRD to fund grant for advisory support of concessionary road project (SRI)

Indicators – July 18, 2011 (Reuters)

METALS AND MINING:

ENRC completes Kazakhstan alumina expansion (SRI)

ArcelorMittal Temirtau production up in H1 (SRI)

Thyssen Krupp to build electrolytic manganese metal plant in Kazakhstan – Kazinform (SRI)

Central Asia Metals targets 20,000-tonne copper output by 2014 (Bloomberg)

POLITICS AND SECURITY:

Kazakhstan seeks to expedite former official’s extradition from Austria (RFE/RL)

Kazakhstan looks for enhanced EU links (New Europe)

IN SHORT :

The number of real estate transactions increased by 12% year-on-year in the first half 2011, the State Statistics Agency reported last week. The number of transactions in Almaty and Astana, in contrast, was nearly flat, down 0.1% in Almaty and up 1.5% in Astana.

Kazakhstan and Russia plan to build a new space launch complex called Baiterek by 2017, Interfax reported, citing Vladimir Popovkin, head of the Russian Space Agency. The new complex will be located on the territory of the Baikonur cosmodrome.

South Korean President Lee Myung-bak will make an official visit to Kazakhstan in August, the Ministry of Transport and Communications said last week in a statement.

Kazakhstan has officially recognized South Sudan as an independent sovereign state, the Ministry of Foreign Affairs said last week.

SOURCE: http://silkroadintelligencer.com/2011/07/19/kazakhstan-daily-news-roundup-july-19-2011/

 



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