Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – February 14, 2011 0

Posted on February 13, 2011 by KazCham

HEADLINES:

KEGOC, Samruk-Energo, Kazpost to launch “people’s IPO” – Nazarbayev
(SRI) – Kazakh president Nursultan Nazarbayev instructed his government to prepare state-owned Samruk-Energo, Kazakhstan Electricity Grid Operating Company (KEGOC), and Kazpost for domestic initial public offerings by the end of the year as part of the so-called “people’s IPO.”

BTA to list shares in Luxemburg, on KASE
(SRI) – BTA, Kazakhstan’s third-largest bank, intends to list around 16% of its shares in Luxembourg in the form of global depositary receipts (GDRs) within the next two or three months, Reuters reported on Friday, citing a BTA spokeswoman.

Kazakhmys plans $6-billion investment program
(SRI) – Kazakh copper miner Kazakhmys plans to spend $6 billion over the next three to four years to upgrade its metal plants and develop energy and mining projects, the company’s chairman Vladimir Kim said on Friday.

BUSINESS AND ECONOMY:

Air Astana plans new international routes Aktau-Istanbul and Aktau-Amsterdam (TREND)

National Bank of Kazakhstan: Exchange rates February 12-14, 2011 (Kazakhstan Today)

Indicators – February 11, 2011 (Reuters)

METALS AND MINING:

MPs urge tighter rules after ENRC’s Africa mine deal (Telegraph)

Sunkar seeks partners (Growth Company Investor)

POLITICS:

The Kazakhstan election puzzle (Global Post)

Kazakhstan opposition to boycott presidential polls (AFP)

U.S. helps secure Kazakhstan’s Soviet-era nuclear stock (UPI)

SOURCE: http://silkroadintelligencer.com/2011/02/14/kazakhstan-daily-news-roundup-february-14-2011/

Kazakhstan Daily News Roundup – January 18, 2011 0

Posted on January 18, 2011 by KazCham

HEADLINES:

Kazakh council to rule on extension to leader’s rule
(Reuters) – Kazakhstan’s president on Monday asked a constitution council to examine a proposed referendum on a 10-year extension to his rule, which would allow him to bypass two elections and lead the oil-rich nation unopposed until 2020.

Kazakhstan to pass legislation on corporate Islamic bond issues
(SRI) – Kazakhstan’s government expects to pass legislation within the next two months that would enable companies to sell Islamic bonds, Bloomberg reported on Monday citing Deputy Prime Minister Aset Issekeshev.

ENERGY:

CPC February provisional program 2.492 million tonnes (Dow Jones)

Power generation up 5% in 2010 – KEGOC (SRI)

BUSINESS AND ECONOMY:

Kazakh Oil Fund earned $900 million on investments last year (Bloomberg)

Jan-Nov trade surplus surges to $28.9 billion (Reuters)

PNB chief says Kazakh Dana Bank expected to turn around in a year (Economic Times)

Kazakhstan ratifies space cooperation agreement with Russia (RIA Novosti)

Food Contract Corporation to not export grains in 2010-11 (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates January 18, 2011 (Kazakhstan Today)

Indicators – January 17, 2011 (Reuters)

METALS AND MINING:

UK’s ZincOx gets final payment from sale of Kazakh zinc deposit (Platts)

ArcelorMittal Temirtau to commission billet caster by end of 2011 (Steel Guru)

ENRC chairman sells 25% of his stake (ShareCast)

POLITICS:

Kazakh MPs back referendum to extend leader’s rule (Reuters)

Nuclear watchdog backs Kazakh plan to farm nuclear wasteland (Telegraph)

Kazakh NGOs ask Nazarbayev to hold 2012 presidential elections (RIA Novosti)

Pro-referendum democratic coalition formed in Kazakhstan (Interfax)

REGIONAL:

EU has Azerbaijan ’support’ for gas pipeline project (AFP)

Kyrgyz village named Barak asks U.S. namesake for help (AFP)

One percent of Tajikistan ceded to China – official (AFP)

Source: http://silkroadintelligencer.com/2011/01/18/kazakhstan-daily-news-roundup-january-18-2011/

Kazakhstan Daily News Roundup – January 13, 2011 0

Posted on January 12, 2011 by KazCham

HEADLINES:

Millions back campaign to skip Kazakh election
(Reuters) – More than half of Kazakhstan’s 9 million voters have backed a referendum to extend veteran leader Nursultan Nazarbayev’s rule of the oil-rich Central Asian state for a third decade, organisers of the plan said on Wednesday.

Kazakh Nurbank sees 2010 loss as provisions soar
(Reuters) – Nurbank, Kazakhstan’s ninth-largest lender by assets, expects a net loss for 2010 after revealing provisions doubled last year to 40% of its total loan portfolio.

ENERGY:

Natixis lends $32 million to Kazatomprom to buy desalination plants (SRI)

KEGOC returns to profit as power demand recovers (KEGOC)

Roxi Petroleum receives $15.6 million from sale of 40% in Galaz and Company (Proactive Investors)

JSPL carrying out due diligence for stakes in Kazakh oil block (Economic Times)

BUSINESS AND ECONOMY:

Al-Hilal Bank financed 7 projects worth $23 million in Kazakhstan (Kazinform)

National Bank of Kazakhstan: Exchange rates January 13, 2011 (Kazinform)

Indicators – January 12, 2011 (Reuters)

POLITICS:

OSCE summit brought Kazakh people together – Nazarbayev (Interfax)

REGIONAL:

Tajikistan says ends century-old China border row (Reuters)

How not to get your money back in Turkmenistan (The Oil and the Glory)

Beijing’s stealthy expansion in Central Asia (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/01/13/kazakhstan-daily-news-roundup-january-13-2011/

Kazakhstan Daily News Roundup – January 5, 2011 0

Posted on January 05, 2011 by KazCham

ENERGY:

Kazakhstan-China pipeline hits capacity
(SRI) – China National Petroleum Corp (CNPC), China’s state-owned oil company, said last week it had reached full capacity on the Kazakhstan-China crude oil pipeline for 2010.

KEGOC awards $219-million substation rehabilitation orders to Indian KEC International (SRI)

EBRD lends $8 million to specialty chemicals venture (SRI)

BUSINESS AND ECONOMY:

Newcomers on Kazakh fashion scene
(bne) – The surprise hit at this autumn’s Kazakhstan Fashion Week was the debut collection from SofiAnn. The design duo are currently operating on a shoestring budget from their Almaty studio, but hope to raise funds to start operating on the mass market.

Eurasia: Slower rising commodity prices to determine 2011 (bne)

National Bank of Kazakhstan: Exchange rates January 1-5, 2011 (Kazinform)

Indicators – December 31, 2010 (Reuters)

POLITICS:

U.S. says Kazakh referendum is setback for democracy
(Reuters) – The United States on Tuesday condemned Kazakhstan’s move to extend the rule of veteran leader Nursultan Nazarbayev to 2020, bypassing a 2012 election, and said this would be a blow to democracy.

Source: http://silkroadintelligencer.com/2011/01/05/kazakhstan-daily-news-roundup-january-5-2011/



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