Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – August 18, 2011 0

Posted on August 19, 2011 by Alex

ENERGY:

On the move: Shell-led oil consortium names new head
(SRI) – Caspi Meruerty Operating Company B.V. (CMOC) has named Aslan Shapabayev the venture’s director general, the Trend news agency reported on Wednesday, citing the press office of Kazakh oil company KazMunaiTeniz.

Lukoil to abandon two offshore exploration projects in Kazakhstan (SRI)

Fluor awarded CPC expansion contract (SRI)

KazMunaiGas shareholders approve intergation of NBK subsidiary (SRI)

BUSINESS AND ECONOMY:

Halyk to buy back 50% of preferred shares in 2011 – CEO
(SRI) – Halyk Bank, Kazakhstan’s second-largest lender by assets, may buy back more than half of its preferred shares held by the state-owned holding and investment company Samruk-Kazyna by the end of the year, Reuters reported on Wednesday.

Kazakhstan to harvest 18.9 million tonnes in 2011 – forecast (SRI)

National Fund for Innovation to set up two venture funds (Interfax)

Indicators – August 17, 2011 (Reuters)

METALS AND MINING:

Glencore rumored to seek a stake in ENRC again
(SRI) – The world’s largest commodity trader Glencore International AG plans to acquire a 14.59% stake in Eurasian Natural Resources Corporation (ENRC) from one of the company’s founders, Alexander Mashkevich, Israeli news portal IzRus reported on Wednesday.

ENRC corporate governance review to be concluded mid-September (SRI)

ENRC first-half income grows 29% on higher commodity prices (SRI)

Ex-head of ENRC set for board as charges dropped – FT (Reuters)

Mining Machines supplies equipment to Kazchrome (Interfax)

SOCIETY:

Kazakhstan to buy Russian helicopters for ambulance aviation (Trend)

Striking oil workers’ leader sentenced in Kazakhstan (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/08/18/

 

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/

 



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