Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – September 19, 2011 0

Posted on September 19, 2011 by Alex

ENERGY:

Lukoil not interested in Kashagan – Alekperov (SRI)

KMG EP to buy back up to $300 million worth of shares (SRI)

Kazatomprom net income rises 77% in first half (SRI)

Max Petroleum to drill ‘deep salt’ Emba B target next month (Proactive Investors)

Fitch raises rating of Kaztransgas to BB+ (SRI)

BUSINESS AND ECONOMY:

BTA Bank seeks Ablyazov arrest amid claims of Kazakh strike support (SRI)

Polish company to buy Kazakhstan’s largest pharmaceutical producer (SRI)

Kazakhstan intends to become an important transit country for China-Europe trade – Issekeshev (SRI)

Grain harvest may reach record levels in 2011 (SRI)

Nurbank reports positive income in H1 (SRI)

Indicators – September 16, 2011 (Reuters)

METALS AND MINING:

Mashkevich stresses he has no plans to sell ENRC stake (SRI)

Hambledon Mining acquires two new Kazakh gold projects to boost future production (Proactive Investors)

ENRC to invest $6 billion in Kazakhstani assets development (Interfax)

Kazakhstan to create metallurgical free economic zone (Interfax)

SOCIETY:

‘We don’t have anything to eat’ – Desperation and poverty growing as Kazakh strikes drag on(RFE/RL)

Kazakhstan ready to re-open access to LiveJournal after banned content is removed (Interfax)

U.S.-Russian space trio lands safely in Kazakhstan (Reuters)

REGIONAL:

EU trio takes 50% stake in Russia’s South Stream (AFP)

Uzbek leader’s daughter hits fashion controversy (AFP)

Kazakh PM says Kyrgyzstan should join CIS Customs Union (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/09/19/kazakhstan-daily-news-roundup-september-19-2011/

Kazakhstan Daily News Roundup – August 10, 2011 0

Posted on August 09, 2011 by KazCham

Kazakhstan Daily News Roundup – July 28, 2011 0

Posted on July 27, 2011 by KazCham

HEADLINES:

Under-mined in Central Asia
(bne) – Central Asia’s mineral resources remain under-developed given the region’s potential. And outside of Kazakhstan and Mongolia, international investment into exploration is minimal.

Karachaganak conflict to be resolved by end-2011 – BG Group executive
(SRI) – UK-based BG Group, a partner in the Western-led consortium developing the Karachaganak gas condensate field, is confident the venture will achieve resolution in a long-running dispute with the Kazakh government before the end of the year.

KMG EP cuts production forecast by 6% due to strikes
(SRI) – KazMunaiGas Exploration Production (KMG EP), the upstream subsidiary of the national oil and gas company, said the prolonged strike at the Uzenmunaigas production facility will cause the company’s total 2011 output to decrease by at least 6% compared to last year.

ENERGY:

Korean consortium begins construction of Zhambyl drilling rig (SRI)

Oil and Gas Ministry raises retail prices for gasoline (SRI)

BUSINESS AND ECONOMY:

Alliance appeals “excessively mild” sentencing of former owner, executives (SRI)

Eurasian Bank to list KZT3-billion bonds on KASE on July 28 (SRI)

Kazakhstan worried about competition from Russian and Ukrainian grain markets – Ministry of Agriculture (AgriMarket.Info)

Indicators – July 27, 2011 (Reuters)

METALS AND MINING:

KazakhGold completes reverse takeover of Polyus, changes name (SRI)

REGIONAL:

PetroChina further delays Dushanzi refinery maintenance -source (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/07/28/kazakhstan-daily-news-roundup-july-28-2011/

 

Kazakhstan Daily News Roundup – July 18, 2011 0

Posted on July 17, 2011 by KazCham

ENERGY:

Joint commission to try resolve strike at Karazhanbasmunai
(SRI) – Local authorities, and representatives of KazMunaiGas Exploration and Production (KMG EP), trade unions and striking workers have agreed to form a working commission to resolve the strike at the Karazhanbasmunai oil facility, the Kazakhstan-Novosti news agency last week.

KMG EP to fold NBK subsidiary into own operations
(SRI) – KazMunaiGas Exploration Production (KMG EP) plans to formally fold its NBK subsidiary into its operations, pending approval by KMG EP’s shareholders on August 15, the Kazakh oil producer said in a statement last week.

Kazakh authorities initiate admin proceedings against gasoline retailer (SRI)

First phase of Ekibastuz GRES-2 upgrade to cost $58 million (SRI)

Oil exports and revenues up in Jan-May (SRI)

Jupiter Energy extends Kazakhstan permit area (Proactive Investors)

BUSINESS AND ECONOMY:

Second wave of privatization via “people’s IPO” necessary – PM (SRI)

Kazakhstan will not stop using tenge – PM (Interfax)

Indicators – July 15, 2011 (Reuters)

METALS AND MINING:

KazakhGold shareholders approve Polyus Gold reverse takeover (SRI)

Kazakh H1 copper output declines, zinc up (Reuters)

POLITICS AND SECURITY:

Kazakhstan has no plans to cede land to China – PM (SRI)

SOCIETY:

After Borat, Kazakhstan’s cinema dreams (BusinessWeek)

Kazakhstan will not impose hijab restrictions – PM (Interfax)

SOURCE: http://kazcham.com/wp-admin/post-new.php

 

Kazakhstan Daily News Roundup – July 14, 2011 0

Posted on July 13, 2011 by KazCham

Kazakhstan Daily News Roundup – July 8, 2011 0

Posted on July 07, 2011 by KazCham

Samruk-Kazyna will inject cash into BTA Bank if needed – executive

(SRI) – Kazakhstan’s state-owned holding and investment company Samruk-Kazyna will inject cash into BTA Bank if the lender requires financing to avoid a second default, Bloomberg reported on Thursday, citing deputy CEO Aidan Karibzhanov.

KMG EP blames strikes, power cuts for fall in H1 production
(SRI) – KazMunaiGas Exploration Production (KMG EP) blamed emergency power cuts and strikes at its major producing fields for a 3% year-on-year fall in crude oil output in the first half of this year.

ENERGY:

CPC exports down 4.4% in H1 (SRI)

Kazakhstan, Russia to invest $1 billion to upgrade power plant (SRI)

Integra sets up geophysical surveys at Lake Zaisan in Kazakhstan (OilVoice)

Tethys announces pre-acidized flow rate of 520 bpd at AKD05 Doris well (Proactive Investors)

KMG EP calls for unbiased attitude to ongoing industrial action (Interfax)

BUSINESS AND ECONOMY:

Astana Finance settles arbitration proceedings with Barclays (SRI)

Central bank to buy stake in State Pension Fund from EBRD – Marchenko (SRI)

Kazakhstan’s foreign reserves decline by 1.9% in June – central bank (SRI)

Metrokombank raises capital to fulfill requirements (SRI)

Current account grows 58% in Q1 – central bank (SRI)

Kazakhstan to increase financing of science (Interfax)

Indicators – July 7, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal sees Kazakh unit buoyed by CIS demand (Reuters)

POLITICS AND SECURITY:

Kazakhstan is safe from Islamist revolution (The Moscow Times)

Suspects in the murder of policemen identified as members of radical Islam sect – media(Interfax)

87 candidates to vie for 16 seats in the Senate (Interfax)

SOCIETY:

Bringing Kazakh drylands back to life (World Bank Group)

SOURCE: http://silkroadintelligencer.com/2011/07/08/kazakhstan-daily-news-roundup-july-8-2011/

 

Kazakhstan Daily News Roundup – June 29, 2011 0

Posted on June 28, 2011 by KazCham

ENERGY:

KMG EP reduces output forecast due to strike
(SRI) – KazMunaiGas Exploration Production (KMG EP) expects its 2011 crude oil production to fall 4% lower than previously planned 13.5 million tonnes as a strike at a major field enters a second month, the company said on Tuesday.

KMG EP hit with $104-million export tax bill
(SRI) – KazMunaiGas Exploration Production (KMG EP), the London-listed subsidiary of the national oil company KazMunaiGas, said on Tuesday Kazakhstan’s Supreme Court had rejected its claim that it had been exempt from paying KZT15.2 billion ($104 million) in export duties.

Zhambai consortium requests extension of exploration phase
(SRI) – The international consortium developing the Zhambai Yuzhny-Yuzhnoe Zaburunye (Zhambai) hydrocarbon block in Kazakhstan’s section of the Caspian Sea has asked the Kazakh government for an extension of its exploration license, Interfax reported on Tuesday.

Kazakhstan, Russia lead way to reduce gas flaring and lower emissions (World Bank Group)

Kazakhstan to tighten environmental requirements for Caspian offshore operations (Interfax)

Nazarbayev urges OIC countries to take joint action in energy sphere (Interfax)

BUSINESS AND ECONOMY:

Moody’s rates Bank CenterCredit at Ba3 (Moody’s)

S&P assigned rating to Delta Bank, Outlook “Stable” (S&P)

Eurocopter and Kazakhstan Engineering sign agreement (Corporate Jet Investor)

Indicators – June 28, 2011 (Reuters)

METALS AND MINING:

Kazakhmys may issue shares in Hong Kong to raise funds – CEO
(SRI) – Kazakh copper miner Kazakhmys may consider raising capital by issuing new shares on the Hong Kong Stock Exchange when the stock market recovers, the company’s CEO Oleg Novachuk said on Tuesday, Dow Jones reported.

POLITICS:

Shygys 2011: The mysterious “hypothetical opponent” (Eurasia Daily Monitor)

EU and Astana launch talks on new enhanced PCA (Europolitics)

Kazakhstan leader pushes for progress, urges OIC states to rethink priorities (Arab News)

REGIONAL:

Kyrgyzstan’s gold rush on ice (Reuters)

Turkmenistan to borrow $240 mln for water, rail link (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/06/29/kazakhstan-daily-news-roundup-june-29-2011/

 

Kazakhstan Daily News Roundup – June 23, 2011 0

Posted on June 23, 2011 by KazCham

ANALYSIS:

Strikes cripple oil production at major KMG EP oil fields
(SRI) – KazMunaiGas Exploration Production (KMG EP), the London-traded Kazakh oil company, continues to suffer production losses amid prolonged strikes at two of its major oil fields.

ENERGY:

Samruk-Energo reaches framework agreement with China Exim Bank (SRI)

BUSINESS AND ECONOMY:

Fitch affirms BTA Bank and Alliance Bank ratings (Fitch)

BTA Bank posted net loss last month – central bank (Bloomberg)

Indicators – June 22, 2011 (Reuters)

METALS AND MINING:

Kazakhmys to raise copper output 60% with new deposits
(SRI) – Kazakhmys, Kazakhstan’s largest copper miner, said the expected combined annual copper production at the Bozshakol and Aktogay deposits will be 200,000 tonnes, increasing the company’s copper output by 60%.

Kazzinc, BHP to vie for Tajik silver deposit
(Reuters) – A consortium led by Glencore-owned Kazzinc and BHP Billiton are the only contenders for Tajikistan’s largest silver field after three Chinese rivals withdrew their bids, a government official said.

SOCIETY:

Kazakhstan to introduce satellite surveillance to track immigrants avoiding extradition (Interfax)

SOURCE: http://silkroadintelligencer.com/2011/06/23/kazakhstan-daily-news-roundup-june-23-2011/

 

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 30, 2011 0

Posted on May 30, 2011 by KazCham

ENERGY:

KMG EP looks for new exploration assets at home and abroad
(bne) – KazMunaiGas Exploration Production is making a big push to acquire new oil and gas prospects both in Kazakhstan and abroad in order to maintain production levels as its main fields mature.

KazMunaiGas may transfer Kashagan stake to traded unit
(Bloomberg) – KazMunaiGas may transfer its stake in the Kashagan oil field to its London-traded unit, KazMunaiGas Exploration Production, said Kairgeldy Kabyldin, the CEO of the Kazakh state oil producer.

No plans to raise oil export duty – Mynbayev (SRI)

Kashagan extractions to start by 2012, Eni’s Descalzi tells Sole (Bloomberg)

Zhaikmunai reports $11.2 million in first-quarter income (SRI)

KazMunaiGas says workers’ strikes have little impact on output (Bloomberg)

BUSINESS AND ECONOMY:

Alliance Bank hires law firm to recover embezzled assets (SRI)

On the move: Samruk-Kazyna Real Estate Fund (SRI)

Emerging markets head for IMF unlikely – Marchenko (Financial Times)

BTA Bank bonds ‘everyone loves to hate’ slide to record lows (Bloomberg)

British court orders arrest of brother-in-law of Kazakh BTA bank ex-head (RIA Novosti)

China invests $5.5 billion in Kazakh economy in 2010 (SRI)

Astana closing in on WTO membership (EurasiaNet)

Indicators – May 27, 2011 (Reuters)

METALS AND MINING:

No new shares for Kazakhmys Hong Kong listing
(SRI) – Kazakhstan’s largest copper miner Kazakhmys said Friday its board of directors has approved a secondary listing of the company’s shares on the Hong Kong Stock Exchange in June but the listing won’t result in the issue of new shares.

Red October may buy stake in Kazakhstan copper project (Mining Weekly)

POLITICS:

Kazakh opposition calls for halt to China expansion
(Reuters) – Opposition activists in Kazakhstan called on the government on Saturday to stop Chinese investment in the country’s natural resources, saying Beijing could be preparing a land grab in Central Asia.

Jailed Kazakh human rights activist released on furlough (RFE/RL)

REGIONAL:

Tethys Petroleum finds oil at Tajik well; shares jump (Reuters)

Tajikistan at growing risk of insurgency – report (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/05/30/kazakhstan-daily-news-roundup-may-30-2011/

 



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