Kazakhstan Chamber of Commerce in the USA

KazCham



Public servants in Kazakhstan allowed participation in People’s IPO 0

Posted on September 06, 2011 by Alex

Trend, September 2011

There will be no collision of interests if public servants in Kazakhstan purchase shares of national companies to be floated within the People’s IPO, Kazakh Finance Minister Bolat Zhamishev said, Tengri News reported referring to Novosti-Kazakhstan.

Initial Public Offerings known as People’s IPO will be launched till the end of 2011 under the instruction of President Nursultan Nazarbayev. The program will enable citizens to purchase shares of the largest Kazakh national companies, giving them a new tool for investments and savings.

Initially public servants were prohibited to participate, but the ban has been lifted recently to stimulate the inactive Kazakh stock market.

“There will be no conflict of interest, as the shares will be offered to general public”, Minister Zhamishev told journalists on Friday.

The first wave of People’s IPO, which includes KEGOC national power grid operator and AirAstana airline, will be run in Q2-3, 2012. The second wave with shares of KazTransGas, KazMorTransFlot and Samruk-Energo is planned to be launched in 2013. And the third wave with KazakhtanTemirZholy National Railways Operator and KazTemirTrans will start in 2014-2015.

SOURCE: http://www.kazakhembus.com/index.php?mact=News,cntnt01,detail,0&cntnt01articleid=771&cntnt01origid=15&cntnt01returnid=201

Kazakhstan Daily News Roundup – July 12, 2011 1

Posted on July 11, 2011 by KazCham

Kazakhstan Daily News Roundup – June 20, 2011 0

Posted on June 20, 2011 by KazCham

HEADLINES:

Karachaganak dispute close to resolution – sources
(SRI) – Karachaganak Petroleum Operating (KPO), the Western-led consortium developing the Karachaganak gas condensate field, is close to reaching an agreement with the Kazakh government on ceding a stake in the project to Kazakh oil and gas company KazMunaiGas, Reuters reported last week.

Tengizchevroil to invest up to $20 billion in expansion project
(SRI) – Tengizchevroil (TCO), the Chevron-led joint venture developing the giant Tengiz onshore field, plans to invest up to $20 billion by 2016 to raise production by nearly 40%, Reuters reported on Thursday, citing a senior company official.

China and Kazakhstan: Flourishing strategic partnership strengthens economic development as new tiger economy emerges in Central Asia
(SRI) – On an official visit to Kazakhstan last week, China’s President Hu Jintao and his Kazakh counterpart Nursultan Nazarbayev signed agreements which will bring the economic and strategic partnership between the countries to “historic” new levels.

ENERGY:

KMG to explore oil block with Spanish Repsol (SRI)

BUSINESS AND ECONOMY:

Kazmortransflot to spend $800 million to upgrade fleet
(SRI) – Kazmortransflot, the maritime shipping arm of the state-owned oil and gas company KazMunaiGas, plans to spend about $800 million to upgrade its fleet over the next eight years.

OTP Bank considering expansion into Kazakhstan (SRI)

Indicators – June 17, 2011 (Reuters)

POLITICS:

Kazakh President’s ex-son-in-law charged with murder (Telegraph)

Murder rap in Rakhatgate – four years on (EurasiaNet)

REGIONAL:

On the Caspian shore, a tale of two Turkmenistans (Reuters)

Tajiks riot in football match with president’s son (AFP)

Tajikistan detains BBC reporter for ‘Islamist links’ (AFP)

SOURCE: http://silkroadintelligencer.com/2011/06/20/kazakhstan-daily-news-roundup-june-20-2011/

Russian shipyard completes third tanker for Kazakhstan 0

Posted on May 15, 2010 by KazCham

SRI) – Russian Red Sormovo shipyard said last week it had completed the construction of a third sea tanker for Kazakhstan’s state-owned maritime shipping company KazMorTransFlot.

The tanker, named Oral, is the last tanker built by Red Sormovo under a contract that the shipyard signed with KazMorTransFlot in April 2009 to build three sea tankers. Red Sormovo delivered the first tanker, named Aktau, in September 2009, while the second tanker, Aktobe, successfully passed relevant sea trials in April 2010.

The tanker is 150 meters long, 17.3 meters wide, with a capacity of 13,000 tons deadweight. The tanker is capable of carrying up to three grades of petroleum products.

SOURCE: http://silkroadintelligencer.com/2010/05/10/russian-shipyard-completes-third-tanker-for-kazakhstan/



↑ Top