Kazakhstan Chamber of Commerce in the USA

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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/



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