Kazakhstan Chamber of Commerce in the USA


Kazakhstan Daily News Roundup – July 28, 2011 0

Posted on July 27, 2011 by KazCham


Under-mined in Central Asia
(bne) – Central Asia’s mineral resources remain under-developed given the region’s potential. And outside of Kazakhstan and Mongolia, international investment into exploration is minimal.

Karachaganak conflict to be resolved by end-2011 – BG Group executive
(SRI) – UK-based BG Group, a partner in the Western-led consortium developing the Karachaganak gas condensate field, is confident the venture will achieve resolution in a long-running dispute with the Kazakh government before the end of the year.

KMG EP cuts production forecast by 6% due to strikes
(SRI) – KazMunaiGas Exploration Production (KMG EP), the upstream subsidiary of the national oil and gas company, said the prolonged strike at the Uzenmunaigas production facility will cause the company’s total 2011 output to decrease by at least 6% compared to last year.


Korean consortium begins construction of Zhambyl drilling rig (SRI)

Oil and Gas Ministry raises retail prices for gasoline (SRI)


Alliance appeals “excessively mild” sentencing of former owner, executives (SRI)

Eurasian Bank to list KZT3-billion bonds on KASE on July 28 (SRI)

Kazakhstan worried about competition from Russian and Ukrainian grain markets – Ministry of Agriculture (AgriMarket.Info)

Indicators – July 27, 2011 (Reuters)


KazakhGold completes reverse takeover of Polyus, changes name (SRI)


PetroChina further delays Dushanzi refinery maintenance -source (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/07/28/kazakhstan-daily-news-roundup-july-28-2011/


Kazakhstan Daily News Roundup – July 25, 2011 0

Posted on July 25, 2011 by KazCham


Alliance bank considers sentencing of former chairman, executives too lenient, may appeal
(SRI) – Kazakhstan’s Alliance Bank said on Friday it regards the sentencing of its former ownership and management as too lenient and is considering appealing the court verdict.

Malaysia seeks greater presence in Kazakhstan
(bne) – Malaysian investors are targeting Central Asia in sectors ranging from oil and gas to Islamic finance. Although geographically distant, Malaysia shares with the Central Asian republics a religion and an economy based on natural resources.


Temirbank names new board members; increases capital reserves (SRI)

Russia’s Promsvyazbank to open representative office in Kazakhstan (SRI)

Bank Astana Finance, Homebroker lose banking licenses (SRI)

On the move: Eurasian Bank, Aktobe akim (SRI)

Number of SMEs in Kazakhstan growing – PM (Interfax)

Indicators – July 22, 2011 (Reuters)


Kazakhstan vows harsh crackdown on religious extremism (Interfax)

Austrian policeman provided Kazakh intelligence with Aliyev case data (Austrian Independent)

Kazakh President to attend nuclear security summit (TREND)

SOURCE: http://silkroadintelligencer.com/2011/07/25/kazakhstan-daily-news-roundup-july-25-2011/


Kazakhstan Daily News Roundup – July 14, 2011 0

Posted on July 13, 2011 by KazCham

Kazakhstan Daily News Roundup – May 5, 2011 0

Posted on May 05, 2011 by KazCham


Kazakhstan plans capacity market to boost investment in power sector
(bne) – Kazakhstan is planning to create an electricity capacity market in a bid to attract more investment to the power generation sector, the head of the country’s power grid operator tells bne.

International oil companies accounted for 60% in oil and gas investment in last 10 years
(SRI) – International oil companies (IOCs) have accounted for more than half of total investments in Kazakhstan’s oil and gas sector, Oil and Gas Minister Sauat Mynbayev said on Wednesday.


CPC pipeline April exports down 2.2% month-on-month (SRI)


IMF raises Kazakh growth forecast on high oil price
(Reuters) – Kazakhstan’s economy is set to expand by 5.9% this year, the International Monetary Fund said on Wednesday, raising its forecast in line with resurgent commodity prices and growth in neighboring Russia and China.

Eurasian Bank to issue $137-million debt (SRI)

Indicators – May 4, 2011 (Reuters)


Kazakhmys output falls 5.4% on grades; expects to meet goals (Bloomberg)

Hambledon Mining’s improved financials give further evidence of turnaround at Sekisovskoye(Proactive Investors)

Alhambra Resources: 2010 financial and operational results (Marketwire)


IMF pledges $100 mln to help restore Kyrgyz economy (Reuters)

U.S. welcomes Kyrgyz cooperation in probe of unrest (AFP)

SOURCE: http://silkroadintelligencer.com/2011/05/05/kazakhstan-daily-news-roundup-may-5-2011/

Kazakhstan Daily News Roundup – March 3, 2011 0

Posted on March 03, 2011 by KazCham

SOURCE: http://silkroadintelligencer.com/2011/03/03/kazakhstan-daily-news-roundup-march-3-2011/


KMG EP board recommends record dividend, ups capex budget
(SRI) – KazMunaiGas Exploration Production (KMG EP) plans to pay a dividend of KZT800 ($5.48) per share for 2010, according to recommendation of the oil company’s Board of Directors.

KMG’s Rompetrol to be back in black in 2012 (Reuters)

KMG’s Rompetrol willing to borrow to repay back taxes to Romania (Bloomberg)

Zhaikmunai LP – issuer substitution and KASE (Marketwire)


Eurasian Bank acquires Kazakh microlender
(SRI) – Eurasian Bank, Kazakhstan’s tenth largest bank, has completed the acquisition of microlender ProstoKredit from French banking group Societe Generale, Eurasian said in a statement on Tuesday.

Kazakh president pushing ENRC and Kazakhmys into ‘People’s IPOs’ (Telegraph)

Lithuania urges Kazakhstan to accelerate transport cooperation (Interfax)

Indicators – March 2, 2011 (Reuters)


ENRC to spend $6.8 billion on Kazakh, Brazilian iron ore growth (Bloomberg)

ENRC to produce 45 million tons of iron ore in Brazil – Interfax (Bloomberg)

Sunkar Resources Subsoil Use Contract changes ratified (Mineweb)


Four candidates to run in Kazakh presidential election (RFE/RL)


China,Turkmenistan agree on new natural gas supply (Reuters)

RWE, OMV, Nabucco partners must each give $2.3 billion in guarantees (Bloomberg)

Kazakhstan Daily News Roundup – March 2, 2011 0

Posted on March 02, 2011 by KazCham


Kazakhstan to offer 5% stake in KMG EP in “people’s IPO”
(SRI) – Kazakh citizens will be offered 5% of shares in KazMunaiGas Exploration Production (KMG EP) when the state launches the so-called people’s IPO later this year, President Nursultan Nazarbayev announced on Tuesday.


EBRD extends energy efficiency investments in Kazakhstan (The FINANCIAL)


Eurasian Bank to issue $200-300 million bonds (Reuters)

Monthly inflation 1.5% in February (SRI)

Kazakhstan expects $10 billion of industry investments this year (Bloomberg)

Alstom-TMH, Kazakhstan Temir Zholy finalize locomotive supply contract (Dow Jones)

Indicators – March 1, 2011 (Reuters)


Global Insider: China-Kazakhstan relations (World Politics Review)

Farce gains ground in Kazakhstan’s lackluster election (EurasiaNet)

Kazakhstan Daily News Roundup – August 10, 2010 0

Posted on August 10, 2010 by KazCham


Max Petroleum shares soar on new oil find
(SRI) – Max Petroleum, a Kazakhstan-focused oil junior, said it had struck oil oil at a greater depth, potentially extending its existing Zhana Makat oil field in western Kazakhstan.

Unicredit not expecting further writedowns of ATF Bank
(SRI) -UniCredit does not plan to further write down the value ATF Bank, after it marked down the value of its Kazakh subsidiary by more than half a billion euros in less than a year, the head of its Austrian arm said last week.

Eurasian Bank reports $9.5 million net loss in H1
(SRI) – Eurasian Bank reported last week a net loss of KZT1.4 billion ($9.5 million) in the first half of 2010, compared to a net profit of KZT158.9 million ($1.58 million) in the same period last year.


Kazatomprom’s uranium output continues to rise in H1 2010
(SRI) – Kazatomprom, Kazakhstan’s national uranium company, said it produced 8,452 tonnes of uranium in the first six months of 2010, a 42% increase compared to the same period in 2009.

Uranium One shares jump on narrower loss, forecast (Reuters)


Central bank reports current account surplus of $5.7 billion in H1 (SRI)

Moody’s changes outlook on Kazkommertsbank’s financial strength rating to stable from negative (Moody’s)

Kazakhstan imposes no restrictions on grain exports (Itar-Tass)

Russia to become Kazakhstan’s main grain export destination – Agricultural Ministry (Interfax)

Share of Kazakhstan-produced goods in procurement by state authorities exceeded 55% in H1 (Interfax)

National Bank of Kazakhstan: Exchange rates August 10, 2010 (Kazinform)


Bitter row knocks sheen off Kazakh gold company (EurasiaNet)

ArcelorMittal Temirtau to make own billet (Steel Business Briefing)

Kazatomprom and Toshiba to establish rare metals production JV by year-end (Interfax)

SOURCE: http://silkroadintelligencer.com/2010/08/10/kazakhstan-daily-news-roundup-august-10-2010/

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