Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – October 26, 2010 0

Posted on October 26, 2010 by KazCham

HEADLINES:

Kazkommertsbank registers $2-billion debt issue; at risk of breaching debt covenant
(SRI) – Kazkommertsbank, Kazakhstan’s largest bank, has gained UK approval for issuing debt worth up to $2 billion, the bank said in a disclosure statement on the London Stock Exchange Group website on Monday.

Shell cuts second phase Kashagan development costs by $18 billion – newspaper
(SRI) – Royal Dutch Shell Plc has cut the projected cost of the second phase of the Kashagan oil field development program from $68 billion to $50 billion, The Daily Telegraph reported on Monday, citing a senior Kazakh official.

Central bank buys $2.7 billion on open market in 2010 – Marchenko
(SRI) – The National Bank of Kazakhstan has bought $2.7 billion on the foreign exchange market since the beginning of the year, the bank’s chairman Grigoriy Marchenko said on Monday.

ENERGY:

KazMunaiGas EP output declines as workers down tools after heroin arrest (Bloomberg)

S&P upgrades Zhaikmunai to B (SRI)

Tethys Petroleum receives state approval for oil reserves at Doris discovery in Kazakhstan (Proactive Investors)

Kazakhstan to build $16-million wind power plant (Interfax)

BUSINESS AND ECONOMY:

Kazakhstan to invest $5.4 billion in industrialization in 2011 (SRI)

Lockheed Martin signs $50-million contract with Kazaeronavigatsia (SRI)

Kazakhstan GDP up 7.5% yr/yr in Jan-Sept (Reuters)

EDB to finance Kazakh grain exports to neighboring countries (Interfax)

French-Kazakh company to assemble Eurocopter helicopters at Astana? (AvioNews)

National Bank of Kazakhstan: Exchange rates October 26, 2010 (Kazakhstan Today)

Indicators – October 25, 2010 (Reuters)

POLITICS:

Kazakhstan’s presidential race heats up – two years early (EurasiaNet)

SOURCE: http://silkroadintelligencer.com/2010/10/26/kazakhstan-daily-news-roundup-october-26-2010/



↑ Top