Kazakhstan Chamber of Commerce in the USA


Kazakhstan Daily News Roundup – September 5, 2011 0

Posted on September 06, 2011 by Alex

Kazakhstan Daily News Roundup – May 16, 2011 0

Posted on May 16, 2011 by KazCham


New focus on “people’s IPO” following election
(bne) – With Kazakhstan’s presidential elections out of the way, the focus in Astana is on the “People’s IPOs”. Plans to sell minority stakes in various state-owned enterprises are a little behind schedule, but due to take place by the end of the year.


MIE Holdings issues $400-million bond to buy Kazakh oil junior (SRI)

Max Petroleum begins drilling NARS-1 exploration well on Narmundanak South prospect(Proactive Investors)

Tub-Karagan-2 exploration well completed (Interfax)

Uranium One turns a profit in the first quarter, posts record revenue (Proactive Investors)


Kazkommertsbank issues $300-million Eurobond
(SRI) – Kazkommertsbank, Kazakhstan’s largest lender by assets, has placed a seven-year Eurobond worth $300 million at an annual rate of 8.50% on May 5, the bank said last week.

Kazakh bank BTA returns to profit, may sell assets
(Reuters) – Kazakh bank BTA is open to offers for its Belarussian and Turkish assets and will seek to expand lending to the retail sector and small businesses at home this year, the bank’s chief executive said last Thursday.

Kazakhstan Temir Zholy repays $450-million Eurobond (SRI)

Asian Development Bank to lend $500 million to Kazakhstan for SMEs (SRI)

On the move: Samruk-Kazyna (SRI)

Kazakhstan GDP grows 6.6% in Q1 – statistics agency (Reuters)

Kazakhstan oligarch suffers setback in London legal battle (EurasiaNet)

Indicators – May 13, 2011 (Reuters)


Glencore’s $7.6-billion Kazakh business under threat
(Telegraph) – Kazakhstan’s leading opposition figures have accused Glencore of benefiting from an illegal privatisation of assets, amid fears the recent commodities sell-off could hurt the company’s valuation or force it to pull its $61-billion flotation.

ENRC warns on cost pressures, Q1 output rises (Reuters)


Kazakhstan making steady progress against corruption (The Hill)

Kazakhstan: Washington experts go on spin cycle (Eurasia Review)

Kazakhstan and NATO preparing for a new partnership stage (Interfax)


Kazakhstan Daily News Roundup – September 30, 2010 0

Posted on September 30, 2010 by KazCham


Chevron-led Kazakh venture with Exxon doubles oil-extraction tax payments
(Bloomberg) – Chevron Corp.’s Kazakh oil venture, the country’s biggest exporter of the fuel, more than doubled crude extraction tax payments as the government seeks a larger share of resource revenue.

Kazakhstan Temir Zholy launches $700-million bond at 6.375% – Reuters
(SRI) – Kazakhstan Temir Zholy, the state-owned railway operator, has launched a $700 million 10-year Eurobond at 6.375% and received investor bids of over $8 billion for the issue, Reuters reported on Wednesday citing a source at one of the lead managers.

Metro opens second store in Kazakhstan
(SRI) – German retailer Metro Cash & Carry opened its second Kazakh store on Wednesday in Almaty, following the opening of its first outlet last year in Astana.


Lukoil, China National to expand exploration cooperation, may swap assets (Bloomberg)

Japan firms to provide nuclear estimates to Kazakhstan (Reuters)

Kazakh-Chinese company wins tender for drilling operations at Urikhtau field (Interfax)


Kazakh banks may write off as much as 15% of loans, S&P’s Trofimova says (Bloomberg)

BTA Bank has claims against offshore companies affiliated with Eurasia Logistic (Interfax)

National Bank of Kazakhstan: Exchange rates September 30, 2010 (Kazakhstan Today)

Indicators – September 29, 2010 (Reuters)


Kazakh court refuses to issue warrant for minister’s arrest (RFE/RL)

Kazakh-South Korean military ties deepen (UPI)

SOURCE: http://silkroadintelligencer.com/2010/09/30/kazakhstan-daily-news-roundup-september-30-2010/

Kazakhstan Daily News Roundup – September 28, 2010 0

Posted on September 28, 2010 by KazCham


KMG Exploration Production buys two Kazakh oil firms for $65 million
(SRI) – KazMunaiGas Exploration & Production (KMG EP), the London-listed subsidiary of the Kazakh national oil and gas company, said on Monday it will buy two small Kazakh oil firms as it seeks to expand production synergies.

Kazakhstan to ban buckwheat exports
(SRI) – Kazakhstan plans to “temporarily” ban the export of oilseeds and buckwheat as domestic prices soared in September, the government said on Monday.

Samruk-Kazyna places $418-million bonds on KASE
(SRI) – Samruk-Kazyna, Kazakhstan’s state owned holding and investment company, placed 10-year domestic bonds worth KZT61.4 billion ($418 million) on the Kazakhstan Stock Exchange (KASE) on Monday, KASE reported.


Max Petroleum reassures investors at AGM (Interactive Investor)

Environment agency of Kazakhstan to complete inspections of all oil companies by end of September (Interfax)


Tau Capital invests in Kazakh oil explorer (SRI)

Kazakhstan to export 7-8 million tons of grain (SRI)

Moody’s assigns (P)Baa3 to Kazakhstan Temir Zholy’s proposed notes (Cbonds.Info)

AREM suggests tightening control of monopolies as to their contractual obligations (Interfax)

National Bank of Kazakhstan: Exchange rates September 28, 2010 (Kazakhstan Today)

Indicators – September 28, 2010 (Reuters)


ArcelorMittal Temirtau to launch $75 million environmental program (SRI)


Financial Police brings charges against Kazakh Health Minister (Interfax)


Russia wants to supply all of China’s gas needs (AP)

Documentary shows dramatic shrinking of the Aral Sea (AFP)

SOURCE: http://silkroadintelligencer.com/2010/09/28/kazakhstan-daily-news-roundup-september-28-2010/

Siemens Signs Memorandum With Kazakhstan Railway, Other Cos 0

Posted on July 21, 2010 by KazCham

Dow Jones

FRANKFURT (Dow Jones)–As part of German Chancellor Angela Merkel’s visit to Kazakhstan, Siemens AG (SIE.XE) chief executive Peter Loescher on Sunday signed a Memorandum of Collaboration with the National Company Kazakhstan Temir Zholy, or Kazakhstan Railways, worth up to EUR400 million, the company said.

An official contract has not yet been signed.


– According to the agreement, Siemens will address new projects, delivering electrical equipment for 110 passenger locomotives as well as electrification and automation of the Kazakhstan Railways. The agreement opens new cooperation opportunities in the production and service of gas compressor units, and expands cooperation training local medical specialists for professional use of Siemens medical products and solutions.

-The memorandum with the Kazakhstan Railways marks an important starting point for big projects in modernization, renovation, building, production and technical support of railway infrastructure as well as in supply of electrical equipment for 110 passenger locomotives and local staff training.

-Siemens Oil and Gas also used the German-Kasakh Economic Forum to sign a license agreement with “KazTurboRemont,” and Siemens Healthcare signed a memorandum about collaboration with the “National Medical Holding.”
-Siemens will now enable the expanding oil & gas sector of Kazakhstan to employ modern gas transportation technologies by transferring production technologies, complete assembly and service of gas-compressor units. The localization will be implemented on the basis of “KazTurboRemont” plant in Atyrau.

-The National Medical Holding will benefit much from expanded cooperation with Siemens aimed at filling Kazakhstan’s national healthcare system with highly-qualified local specialists who perfectly manage advanced Siemens medical technologies.

-Expanding cooperation in these three fields, Siemens fosters ist strategic partnership with Kazakhstan, being the leading economy in the Central Asial region with a huge growth potential.

-Loescher underlined that “Siemens has a most strong and prominent positioning in Kazakhstan due to real engagement and successful implementation of strategic projects in energy, railways, metals, healthcare and infratstructure. In its 16 years of work in Kazakhstan Siemens has proven to be a reliable and trustful partner, supporting Kazakhstan in developing a modern and competitive economy and infrastructure based on latest technologies. Sunday we made a next important step towards making this relationship even stronger and future-oriented, opening up new areas for a win-win cooperation.”

SOURCE: Release of the Embassy of the Republic of Kazakhstan to the United States of America, No 20 July 19, 2010

Construction of railways Zhetygen–Korgas and Ozen-to-Turkmen-border to be completed by 16 December 2011 – Kazakh railway company 0

Posted on May 15, 2010 by KazCham

Almaty. May 6. Interfax-Kazakhstan – The railways Zhetygen–Korgas (southeastern Kazakhstan) and Ozen-to-Turkmen-border (western Kazakhstan), which are under construction at the moment, will be brought into operation in December 2011, Erik Sultanov, the vice president of Kazakhstan’s national railway company Kazakhstan Temir Zholy (KTZh), told the newspaper Vremya in an interview published on Thursday.

According to Mr Sultanov, the Ozen-to-Turkmen-border rail line will be part of the new railroad “North-South” which will go from Kazakhstan through Turkmenistan to Iran. The total length of the road is 686 km, including 146 km in Kazakhstan.

To build Kazakhstan’s part of the railroad will cost approximately 65 billion tenge (146.71/$1). According to KTZh vice president, 32.1 billion tenge is going to be spent this year. As at April 30 the actual construction expenses reached 4.5 billion tenge. However, this railroad will not be electrified and will only be accessible for diesel locomotives.

The second line, Zhetigen–Korgas, 293 km long, is a second railroad from Kazakhstan to China. The value of this project is 165 billion tenge.

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