Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – September 1, 2011 0

Posted on September 01, 2011 by Alex

ENERGY:

Chinese joint venture buys Kazakh gas field
(SRI) – A Chinese joint venture has agreed to buy the rights to explore and develop the Pridorozhnoye gas field in southern Kazakhstan for $20 million, Chinese newswires reported on Tuesday.

BUSINESS AND ECONOMY:

“People’s IPOs” to expand Kazakh investment universe
(bne) – The range of publicly traded equities for Kazakhstan-focused funds to invest in has so far been limited mainly to the commodity and banking sectors. But the planned “People’s IPO” program is set to change that, ushering in an age of exchange-traded funds.

Russian authorities complete investigation of BTA’s fraudulent real estate deal in Moscow
(SRI) – Russia’s Interior Ministry has completed a preliminary investigation of several Russian businessmen accused of being involved in a $730-million fraud scheme surrounding land deals of Kazakhstan’s BTA Bank in Moscow, RIA Novosti reported Wednesday.

Barclays close to selling Russian subsidiary to Kazkommertsbank – report (SRI)

Kazkommertsbank posts $81.3-million net profit in H1; non-performing loans grow (SRI)

IFC signs currency swap agreement with National Bank of Kazakhstan (SRI)

Indicators – August 31, 2011 (Reuters)

SOCIETY:

Kazakhstan says detains extremists, foils “terror” (Reuters)

REGIONAL:

Uzbekistan shows off Central Asia’s first high-speed train (AFP)

Tajikistan shows off world’s tallest flagpole (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/09/01/kazakhstan-daily-news-roundup-september-1-2011/

Kazakhstan Daily News Roundup – August 25, 2011 0

Posted on August 25, 2011 by Alex

Kazakhstan Daily News Roundup – August 19, 2011 0

Posted on August 19, 2011 by Alex

ENERGY:

CAPEC profit down 29.1% in first half (SRI)

Lukoil Overseas to commence gas utilization at its western Kazakhstan fields by year-end (Interfax)

BUSINESS AND ECONOMY:

Rail sector manufacturers set up in Astana
(bne) – Astana is becoming the centre of a brand new manufacturing industry as the Kazakh government’s lavish spending on the country’s railways draws in international firms Alstom, GE and Talgo.

Profile: Marat Zairov – CEO of BTA Bank (SRI)

BTA loses $331 million in first half (SRI)

Kazkommertsbank to finance $1 billion of construction and infrastructure projects in Almaty (SRI)

On the move: Nurbank (SRI)

Indicators – August 19, 2011 (Reuters)

METALS AND MINING:

Kazakh company sells majority stake in Kyrgyz gold venture
(SRI) – Kazakhstan-based mining company Summer Gold sold its stake in a joint venture developing the Taldy-Bulak Levoberezhny gold deposit in Kyrgyzstan to Chinese Zijin Mining Group.

REGIONAL:

Turkmen leader wages war on satellite dishes (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/19/

 

Kazakhstan Daily News Roundup – August 9, 2011 0

Posted on August 08, 2011 by KazCham

ENERGY:

KazMunaiGas raises $1-billion syndicated loan (SRI)

Kazakhstan increases uranium output in H1 (SRI)

Max Petroleum makes new oil discovery in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

BTA reshuffles management amid performance worries
(SRI) – BTA Bank is set to replace chairman Arman Dunayev with CEO Anvar Saidenov as it tries to improve performance, Bloomberg reported last week, citing two sources familiar with the decision.

On the move: Kazkommertsbank (SRI)

Sberbank to issued $684-million worth of debt by 2012 (SRI)

Inditex to buy out its franchises in Kazakhstan (SRI)

Fitch withdraws ratings of Astana Finance and Astana Finance Leasing (Fitch)

Kazakhstan to produce 18-20 million tonnes of grains in 2011 – Nazarbayev (Interfax)

Indicators – August 8, 2011 (Reuters)

METALS AND MINING:

ENRC Q2 ferrochrome up, running at full capacity (Reuters)

ArcelorMittal Temirtau in $150 mln furnace upgrade (Reuters)

Polyus has 3 million ounces of gold in Kazakhstan, Romania (Bloomberg)

Frontier Mining: Three directors boost holdings in firm (Proactive Investors)

POLITICS AND SECURITY:

Kazakhstan returns prisons to tough Interior Minsitry control after riots and breakouts (The Telegraph)

Kazakhstan makes ‘quantum leap’ in its EU relations (TheParliament)

Kazakhstan launches Steppe Eagle exercises (Trend)

SOCIETY:

Is state-sponsored hacking curbing Internet freedom? (EurasiaNet)

REGIONAL:

Turkmenistan sets presidential vote for February 12 (AFP)

Central Asia’s 10 most influential (and connected) women (RFE/RL)

Kazakh bid for more Kyrgyz water comes up dry (RFE/RL)

Tajikistan bans youth from mosques (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/09/kazakhstan-daily-news-roundup-august-9-2011/

Kazakhstan Daily News Roundup – June 21, 2011 0

Posted on June 20, 2011 by KazCham

ENERGY:

Reports of Shell’s office closure mistaken – executive
(SRI) – Kenzhebek Ibrashev, head of KazMunaiTeniz, a state-owned oil company responsible for offshore projects, denied reports that Royal Dutch Shell plans to shut its Kazakhstan office.

CPC June export program at 2.63 million tonnes (SRI)

BUSINESS AND ECONOMY:

Kazkommertsbank to acquire Russian subsidiary of Barclays – newspaper
(SRI) – Kazkommertsbank, Kazakhstan’s largest bank by assets, is close to acquiring the Russian unit of UK-based Barclays, the Kommersant business daily reported on Monday.

VTB Kazakhstan issues shares; increases capital
(SRI) – VTB Kazakhstan, the subsidiary of Russia’s state-owned VTB Bank, has placed 1.1 million shares worth KZT11 billion ($75.5 million), more than doubling its capital to KZT20 billion ($137.5 million).

Kazakh wealth fund’s BTA bond plunges on coupon worry (Reuters)

Fitch affirms ratings of Development Bank of Kazakhstan and KazAgroFinance (Fitch)

Indicators – June 20, 2011 (Reuters)

METALS AND MINING:

Polyus, KazakhGold combined company close to London listing
(SRI) – Polyus Gold, Russia’s largest gold miner, has finalized the terms of the proposed reverse takeover of its subsidiary KazakhGold to gain a listing in London, concluding months of tough negotiations leading up to the deal.

SOURCE: http://silkroadintelligencer.com/2011/06/21/kazakhstan-daily-news-roundup-june-21-2011/

 

Kazakhstan Daily News Roundup – June 1, 2011 0

Posted on June 01, 2011 by KazCham

ENERGY:

KMG EP to pursue Aral basin oil and gas exploration
(bne) – The Aral Sea basin is possibly the second most prospective area for oil and gas in Central Asia after the Caspian basin, according to Askar Balzhanov, general director and chairman of the management board of KazMunaiGas Exploration Production (KMG EP).

Strike hits output at Kazakh KMG EP’s oil field
(Reuters) – Kazakhstan’s London-listed oil and gas firm KazMunaiGas Exploration Production is suffering a daily output loss of some 2,000 tonnes of crude oil due to a workers’ strike.

Kulibayev may join Gazprom’s board of directors (SRI)

Kazakhstan plans to extend ban on petrochemicals export (SRI)

Tethys Petroleum tests oil in upper AKD03 Dione well in Kazakhstan (Proactive Investors)

Condor’s Shoba-3 appraisal well encounters a 48-meter hydrocarbon column (Marketwire)

Berezovka villagers demand that Karachaganak operator and government finance their immediate relocation (Interfax)

BUSINESS AND ECONOMY:

Almaty scrambles to improve earthquake readiness
(bne) – 100 years after the last major earthquake flattened the city, Almaty residents are living in fear of the next big one. A scare in early May revealed how unprepared the Kazakh authorities are, and a drill on May 24 was hastily arranged.

Kazkommertsbank Q1 net profit up by 6% (SRI)

Astana sees free-trade zone as antidote to Dutch Disease (EurasiaNet)

Indicators – May 31, 2011 (Reuters)

METALS AND MINING:

Alhambra Resources announces Q1 results (Marketwire)

SOCIETY:

Suspect in Kazakh smuggling case apprehended in Abu Dhabi (RFE/RL)

REGIONAL:

Turkmenistan says keen to boost gas sales to Russia (Reuters)

Turkmenistan ’setting up space agency’ (AFP)

 

Kazakhstan Daily News Roundup – May 16, 2011 0

Posted on May 16, 2011 by KazCham

HEADLINES:

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.

ENERGY:

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)

BUSINESS AND ECONOMY:

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)

METALS AND MINING:

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)

POLITICS:

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 – May 6, 2011 0

Posted on May 06, 2011 by KazCham

HEADLINES:

Kazkommertsbank launches $750-million Eurobond
(SRI) – Kazkommertsbank, Kazakhstan’s largest lender, has opened the order book for a $750-million Eurobond issue with a maturity of up to seven years, its subsidiary and organizer of the issue, Kazkommerts Securities, said on Thursday.

Government to present “people’s IPO” plan by June 1 – PM
(SRI) – Kazakhstan’s government will present a concrete plan for the implementation of the planned “people’s IPO” By June 1, Prime Minister Karim Masimov wrote on his blog on Thursday.

ENERGY:

KazMunaiGas EP approves KZT800 dividend
(Reuters) – KazMunaiGas Exploration Production’s shareholders have approved a dividend of KZT800 per share for 2010, the highest since the oil company was floated in 2006.

BUSINESS AND ECONOMY:

EBRD to invest $1 billion in Kazakhstan in 2011- Finance Minister (SRI)

Air Astana leases three aircraft from ALC (SRI)

Sberbank Kazakhstan triples Q1 income (SRI)

Kazakhstan: Russia pressing for clean-up at China border crossing (EurasiaNet)

Kazakhstan to strengthen economic partnership with EU (Interfax)

Indicators – May 5, 2011 (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/05/06/kazakhstan-daily-news-roundup-may-6-2011/

Kazakhstan Daily News Roundup – April 28, 2011 0

Posted on April 28, 2011 by KazCham

Kazkommertsbank to issue Eurobond in May
(SRI) – Kazakhstan’s largest lender, Kazkommertsbank, plans to issues medium-term dollar-denominated debt after May 2, the bank said in a statement on Wednesday.

Alliance in talks with EBRD about possible stake sale
(SRI) – Alliance Bank, Kazakhstan’s sixth-largest lender by assets, confirmed on Wednesday that it was holding talks with the European Bank for Reconstruction and Development (EBRD) about the possible sale of a stake in the bank.

ENERGY:

MIE Holdings to issue notes to fund Kazakh acquisition (SRI)

Max Petroleum signs drilling rig contract with Saipem (SRI)

BUSINESS AND ECONOMY:

Alliance Bank says capital shortage owes to accounting systems
(Bloomberg) – State-controlled Alliance Bank, Kazakhstan’s sixth-largest lender by assets, said a KZT105 billion ($722 million) capital shortfall noted by auditors resulted from discrepancies in accounting standards.

Planned bad-loan fund could issue bonds worth $1 billion – Marchenko
(SRI) – A planned bad-loan fund may issue bonds worth KZT150 billion ($1.03 billion) to buy unsecured non-performing assets from Kazakhstan’s banks, central bank chairman Grigoriy Marchenko said on Wednesday.

Cash squeeze threatens bounce in Kazakh wheat crop (Agrimoney.com)

Indicators – April 27, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal Kazakh mine fire forces evacuation of 319 workers (Bloomberg)

Frontier Mining restarts operations at Koskuduk early due to good weather (Proactive Investors)

POLITICS:

India courts a distant Kazakhstan (World Politics Review)

Shanghai Cooperation Organization ministers to meet in Kazakhstan (RIA Novosti)

REGIONAL:

China lends Turkmenistan $4 billion for gas field

(AFP) – Energy hungry China has given Turkmenistan a loan of $4.1 billion (three billion euros) to develop a gas field and boost exports, the state gas company Turkmengaz said Tuesday.

SOURCE: http://silkroadintelligencer.com/2011/04/28/kazakhstan-daily-news-roundup-april-28-2011/

Kazakhstan Daily News Roundup – April 4, 2011 0

Posted on April 04, 2011 by KazCham

PRESIDENTIAL ELECTIONS:

Kazakhstan’s Nazarbayev wins re-election – exit poll (Reuters)

Kazakh leader set for easy re-election
(Reuters) – Kazakhstan’s veteran President Nursultan Nazarbayev is poised to win another five years in charge of his oil-rich Central Asian state after a snap election on Sunday devoid of any challenge to his two decades in power.

Kazakstan votes for president amid Western concern
(AFP) – Kazakhstan is voting in a mostly ceremonial election that is set to stretch President Nurusltan Nazarbayev’s rule into a third decade amid Western worries about democracy in the resource-rich state.

In Kazakh heartland, support for leader unwavering
(Reuters) – Voters will flock to the polls in the Kazakh farming community of Aksu-Ayuly on Sunday with one thing in mind: to extend the rule of their veteran leader for five more years.

Kazakhstan leader ‘ready to rule’ ahead of poll (AFP)

ENERGY:

Max Petroleum says Kazakhstan well successful
(Reuters) – British oil explorer Max Petroleum said it successfully drilled a well in one of its exploration blocks in Kazakhstan and forecast higher production and revenue in the near-term, as it plans to bring more wells on stream at three of its fields.

BUSINESS AND ECONOMY:

Booming Kazakhstan fears ‘middle income trap’
(AFP) – Kazakhstan is facing an economic dilemma its poorer neighbors might resent: its economy is booming off high energy prices and it now fears falling into a dreaded “middle income trap”.

Kazkommertsbank to waive dividends on ordinary shares for 2010 (Bloomberg)

Kazakhstan declares KazSat-3 tender invalid (Interfax)

Long-term credit ratings for Kazakhstan banks (Reuters)

National Bank of Kazakhstan: Exchange rates April 2-4, 2011 (Kazinform)

Indicators – April 1, 2011 (Reuters)

POLITICS:

Opposition needed in parliament – PM (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/04/04/kazakhstan-daily-news-roundup-april-4-2011/



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