Kazakhstan Chamber of Commerce in the USA

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Kazakhstan’s most influential businessmen 1

Posted on October 17, 2011 by Alex

Timur Kulibayev, head of the state-owned holding Samruk-Kazyna and son-in-law of Kazakhstan’s President Nursultan Nazarbayev, was named the most influential Kazakh businessman in a ranking published  this month by Forbes Kazakhstan, a local edition of the business magazine.  Kulibayev, together with his wife Dinara Kulibayeva, owns Almex, a conglomerate with interest in banking, construction, mining, and other  sectors.  Kulibayev also heads the Kazenergy Association, an influential oil and gas lobbying group, and is said to hold significant interests in Kazakh energy sector.

Bulat Utemuratov, an influential advisor  to Nazarbayev, was second on Forbes’ ranking.  Utemuratov sold his stake in ATF Bank, Kazakhstan’s fifth largest bank, to the Italian banking group Unicredit at the top of the market in 2007 for $2.2 billion.

Through various investment vehicles he is involved in banking, metals and mining, real estate and telecommunications. Third on the list is Patokh Khodiev, one of the three founders and largest shareholders in the Eurasian Natural Resources Corporation (ENRC), the world’s largest ferroalloys producer.  Khodiev, who holds  Belgian citizenship, controls various other mining and financial services assets, together with his two partners – Alexander Mashkevich and Adilzhan Ibragimov.

Mashkevich, an Israeli citizen and the most well-known of the trio of ENRC founders, ranks fourth, according to Forbes. Vladimir Kim, the chairman of Kazakhmys, Kazakhstan’s biggest copper miner, took fifth place in the ranking.  Earlier this year, the U.S. edition of the Forbes magazine estimated Kim’s net worth at $4.7 billion, making him Kazakhstan’s richest man.

Indian steel tycoon Lakshmi Mittal, who owns Kazakhstan’s largest steel mill, ArcelorMittal Temirtau, was sixth on the list, followed by the last of the ENRC trio,  Ibragimov.  Chairman of Bank CenterCredit Bakhytbek Baiseitov was ranked eighth while Nurzhan Subkhanberdin, the controlling shareholder of Kazakhstan’s largest bank Kazkommertsbank, was ninth.  Nurlan Smagulov, head of the industrial conglomerate Astana Group, rounded out the top ten.

SOURCE: SRI, Kazakhstan Daily news Brief, October 17, 2011

Kazakhstan Daily News Roundup – September 27, 2011 0

Posted on September 27, 2011 by Alex

ENERGY:

Kazakhstan considering processing crude oil in China – Minister (SRI)

Roxi Petroleum hopeful of new farm-out for BNG oil block in Kazakhstan this year (Proactive Investors)

Tethys reports positive initial results from AKDO6 Doris well in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

BTA’s capital gap widened 83% last month – central bank
(Bloomberg) – BTA Bank’s capital shortfall widened 83 percent last month after assets dropped, the Kazakh central bank said.

Kazakhstan, China to double bilateral trade by 2015 (SRI)

Talgo passenger train plant in Kazakhstan nearing completion (SRI)

Thunderbird business school expands to Kazakhstan (BusinessWeek)

Kazakhstan completes WTO talks with U.S. on access to markets (Interfax)

Indicators – September 26, 2011 (Reuters)

METALS AND MINING:

Kazakhstan to enter race for rare earth elements
(SRI) – Kazakhstan plans to produce 1,500 tonnes of rare earths next year, aiming to fill the void created by China, as the world’s largest producer of rare earth elements seeks to curb exports, Dow Jones Newswires reported on Tuesday.

ENRC to pick Mashkevich, helping resolve dispute – analysts
(Bloomberg) – Eurasian Natural Resources Corp. (ENRC) will probably select billionaire founder Alexander Mashkevich as chairman, helping resolve a dispute over board appointments and bringing clarity to decision-making, according to analysts.

SOCIETY:

Kazakhs dance themselves dizzy (EurasiaNet)

REGIONAL:

Twenty candidates to vie for Kyrgyz presidency

(Reuters)

Mongolia wants to speed up raising its stake in copper (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/09/27/kazakhstan-daily-news-roundup-september-27-2011/

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 – September 12, 2011 0

Posted on September 12, 2011 by Alex



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