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Kazakhstan Daily News Roundup – August 13, 2010 0

Posted on August 13, 2010 by KazCham

HEADLINES:

Kashagan partners to delay second phase of development until 2018-19
(SRI) – The second phase of development of the Kashagan oil field has been postponed until 2018-2019, local newswires reported on Thursday, citing the chief executive of Kazakh oil and gas company KazMunaiGas.

Tame ending to “Mr Kazakhstan” investigation
(bne) – James Giffen, the American consultant dubbed “Mr Kazakhstan” for his role in 1990s oil deals, has pleaded guilty to a tax misdemeanor. He is facing a maximum penalty of just one year in jail and a $25,000 fine when he is sentenced in November.

Tengizchevroil may cut oil supply via Georgia
(Reuters) – The Chevron-led Tengizchevroil venture may cut crude deliveries via Georgia diverting them to Turkish hub of Ceyhan due to a row between the owners of the Georgian terminals.

ENERGY:

Aker enters Kazakh engineering JV (PennEnergy)

KazMunaiGas to invest $8 billion in Kashagan development project in 2010-2014 (Interfax)

Tengizchevroil to invest $10-16 billion before 2017 in Tengiz expansion project (Interfax)

Caspian Energy announces Q2 2010 financial results (Marketwire)

BUSINESS AND ECONOMY:

Kazakh rate cut would need lower inflation – central bank (Reuters)

Kazakh deal on grain genetics (Weekly Times)

National Bank of Kazakhstan: Exchange rates August 13, 2010 (Kazakhstan Today)

METAL AND MINING:

Orsu Metals announces Q2 2010 interim results (Marketwire)

Financial Police have yet to file fraud charges against Polyus Gold managers (Interfax)

POLITICS:

Kazakhstan gets UK’s OK for defense exports (EurasiaNet)

SOCIETY:

Two dead in Kazakh prison riot (BBC News)

REGIONAL:

Central Asia’s new Silk Roads (International Herald Tribune)

Several hundred Kyrgyz rally against OSCE deployment (Reuters)

Russian drought devours world wheat supplies – U.S. (AFP)

SOURCE: http://silkroadintelligencer.com/2010/08/13/kazakhstan-daily-news-roundup-august-13-2010/



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