Kazakhstan Chamber of Commerce in the USA

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China banks provide $2.5 billion loan for Kazakh gas 0

Posted on September 13, 2015 by KazCham

Colibri Law Firm

Kazakhstan’s national gas supply company KazTransGas has signed an agreement with China Development Bank Corporation and the Bank of China on a syndicated loan worth US $2.5 billion for a period up to 2028.

The loan will be used to finance the construction of the Beyneu-Bozoi-Shymkent gas pipeline, which will deliver natural gas from gas fields in western Kazakhstan to the southern parts of the country.

The pipeline construction is one of numerous large-scale infrastructure projects implemented in Kazakhstan upon the instruction of President Nursultan Nazarbayev. The project is of strategic importance, as upon its completion the pipeline will diversify natural gas transit through Kazakhstan’s territory.

Construction of the Beyneu-Bozoi-Shymkent pipeline started in 2011, with KazTransGas and China’s Trans-Asia Gas Pipeline Co Ltd. establishing a joint venture for the purpose of the project.

 

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 – September 2, 2011 0

Posted on September 03, 2011 by Alex

ENERGY:

Kazatomprom, Cameco joint venture to increase uranium production
(SRI) – Kazakhstan’s state-owned uranium miner and Canada’s top uranium producer Cameco Corp signed an agreement to increase uranium production at the Inkai LLP joint venture by a third to 5.2 million pounds from 3.9 million pounds, the Canadian company said in a statement.

Strikes hit production at Karazhanbasmunai (SRI)

Foster Wheeler gets Atyrau Refinery upgrade contract (SRI)

KazTransGas, Kolon Corporation to build 100 natural gas filling stations in Kazakhstan (SRI)

BUSINESS AND ECONOMY:

ATF Bank losses narrow in first half (SRI)

Inflation slows to 0.3% in August (SRI)

KASE Index rises by 3.08% on Thursday (SRI)

Development Bank of Kazakhstan lends $150 million to Kazakh grain exporter (SRI)

Home Credit Bank net income increases more than twofold in H1 (SRI)

Kazakhstan harvested grains throughout 13% of the areas (AgriMarket.Info)

Indicators – September 1, 2011 (Reuters)

METALS AND MINING:

Hambledon Mining reveals more significant drill results from Sekisovskoye (Proactive Investors)

Orsu Metals completes feasibility study drilling program (Marketwire)

POLITICS AND SECURITY:

Kazakhstan to toughen fight against corruption and reconsider humanitarian criminal code(Trend)

SOCIETY:

Kazakh head wants tougher laws to counter extremism
(Reuters) – The spread of religious extremism threatens stability in mainly Muslim Kazakhstan, President Nursultan Nazarbayev said on Thursday, urging parliament to adopt tougher laws on migration and religious activity.

Religious organizations to be re-registered in Kazakhstan (Interfax)

REGIONAL:

South Korea deepens role in Central Asia (Asia Times)

SOURCE: http://silkroadintelligencer.com/2011/09/02/kazakhstan-daily-news-roundup-september-2-2011/

Kazakhstan Daily News Roundup – August 25, 2011 0

Posted on August 25, 2011 by Alex



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