Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – September 20, 2011 0

Posted on September 20, 2011 by Alex

ENERGY:

Kashagan first oil production on track for 2012 – Nazarbayev
(SRI) – Kazakh President Nursultan Nazarbayev said on Friday that first oil from the Kashagan oil field will be produced by 2012 as planned.

BMB Munai completes sale of its production subsidiary to MIE Holdings
(SRI) – Kazakhstan-focused oil junior MBM Munai said on Monday it had completed the sale of its subsidiary Emir Oil LLP to China’s MIE Holdings Corporation after it secured all necessary regulatory approvals.

Kazakhstan raises export duty on petroleum products (SRI)

KAZENERGY Forum to be held in Astana on October 4-5 (SRI)

BUSINESS AND ECONOMY:

Kazakhstan to move ahead with IPO program despite global market turmoil
(SRI) – Kazakhstan will move ahead with its plans to sell shares in some of its largest companies to the public as part of the so-called people’s IPO, despite the current global market turmoil, Minister of Economic Development and Trade Kairat Kelimbetov said.

SH loses ?20-million Ablyazov account to Addleshaws (The Lawyer)

Indicators – September 19, 2011 (Reuters)

METALS AND MINING:

First Quantum says court upholds $2 billion Congo claim over ENRC (Reuters)

REGIONAL:

Customs Union paves way to rebuild old economic ties (The Moscow Times)

SOURCE: http://silkroadintelligencer.com/2011/09/20/kazakhstan-daily-news-roundup-september-20-2011/

Kazakhstan Daily News Roundup – August 17, 2011 0

Posted on August 19, 2011 by Alex

ENERGY:

Tethys narrows losses in first half of 2011 (SRI)

MIE Holdings acquisition of BMB Munai’s Emir Oil approved by Kazakh Ministry of Oil and Gas (SRI)

Caspian states review oil spill response (UPI)

BUSINESS AND ECONOMY:

Halyk Bank H1 net income up 27%
(SRI) – Halyk Bank, Kazakhstan’s second-largest lender by assets, said on Tuesday its net income grew by 26.9% year-on-year to KZT21.1 billion ($144 million) in the first half of 2011.

Samruk-Kazyna gives up control of Development Bank of Kazakhstan, other assets
(SRI) – In a move to reorganize the management of state-owned assets, the Kazakh government transferred control of the Development Bank of Kazakhstan and other entities from Samruk-Kazyna to other government agencies, the Kazakhstan-Novosti news agency reported.

Indicators – August 16, 2011 (Reuters)

METALS AND MINING:

Kazakhstan raises steel output in Jan-July (SRI)

Frontier Mining receives second $5 million tranche for Benkala copper project (Proactive Investors)

POLITICS:

Profile: Aset Isekeshev – Minister of Industry and New Technologies, Deputy Prime Minister
(SRI) – Aset Isekeshev, one of Kazakhstan’s most influential politicians, serves as the Deputy Prime Minister and Minister of Industry and New Technologies.

SOCIETY:

Almost 40% of Kazakhs oppose hijabs – poll (Interfax)

SOURCE: http://silkroadintelligencer.com/2011/08/17/

 

Kazakhstan Daily News Roundup – May 16, 2011 0

Posted on May 16, 2011 by KazCham

HEADLINES:

New focus on “people’s IPO” following election
(bne) – With Kazakhstan’s presidential elections out of the way, the focus in Astana is on the “People’s IPOs”. Plans to sell minority stakes in various state-owned enterprises are a little behind schedule, but due to take place by the end of the year.

ENERGY:

MIE Holdings issues $400-million bond to buy Kazakh oil junior (SRI)

Max Petroleum begins drilling NARS-1 exploration well on Narmundanak South prospect(Proactive Investors)

Tub-Karagan-2 exploration well completed (Interfax)

Uranium One turns a profit in the first quarter, posts record revenue (Proactive Investors)

BUSINESS AND ECONOMY:

Kazkommertsbank issues $300-million Eurobond
(SRI) – Kazkommertsbank, Kazakhstan’s largest lender by assets, has placed a seven-year Eurobond worth $300 million at an annual rate of 8.50% on May 5, the bank said last week.

Kazakh bank BTA returns to profit, may sell assets
(Reuters) – Kazakh bank BTA is open to offers for its Belarussian and Turkish assets and will seek to expand lending to the retail sector and small businesses at home this year, the bank’s chief executive said last Thursday.

Kazakhstan Temir Zholy repays $450-million Eurobond (SRI)

Asian Development Bank to lend $500 million to Kazakhstan for SMEs (SRI)

On the move: Samruk-Kazyna (SRI)

Kazakhstan GDP grows 6.6% in Q1 – statistics agency (Reuters)

Kazakhstan oligarch suffers setback in London legal battle (EurasiaNet)

Indicators – May 13, 2011 (Reuters)

METALS AND MINING:

Glencore’s $7.6-billion Kazakh business under threat
(Telegraph) – Kazakhstan’s leading opposition figures have accused Glencore of benefiting from an illegal privatisation of assets, amid fears the recent commodities sell-off could hurt the company’s valuation or force it to pull its $61-billion flotation.

ENRC warns on cost pressures, Q1 output rises (Reuters)

POLITICS:

Kazakhstan making steady progress against corruption (The Hill)

Kazakhstan: Washington experts go on spin cycle (Eurasia Review)

Kazakhstan and NATO preparing for a new partnership stage (Interfax)

 

Kazakhstan Daily News Roundup – April 28, 2011 0

Posted on April 28, 2011 by KazCham

Kazkommertsbank to issue Eurobond in May
(SRI) – Kazakhstan’s largest lender, Kazkommertsbank, plans to issues medium-term dollar-denominated debt after May 2, the bank said in a statement on Wednesday.

Alliance in talks with EBRD about possible stake sale
(SRI) – Alliance Bank, Kazakhstan’s sixth-largest lender by assets, confirmed on Wednesday that it was holding talks with the European Bank for Reconstruction and Development (EBRD) about the possible sale of a stake in the bank.

ENERGY:

MIE Holdings to issue notes to fund Kazakh acquisition (SRI)

Max Petroleum signs drilling rig contract with Saipem (SRI)

BUSINESS AND ECONOMY:

Alliance Bank says capital shortage owes to accounting systems
(Bloomberg) – State-controlled Alliance Bank, Kazakhstan’s sixth-largest lender by assets, said a KZT105 billion ($722 million) capital shortfall noted by auditors resulted from discrepancies in accounting standards.

Planned bad-loan fund could issue bonds worth $1 billion – Marchenko
(SRI) – A planned bad-loan fund may issue bonds worth KZT150 billion ($1.03 billion) to buy unsecured non-performing assets from Kazakhstan’s banks, central bank chairman Grigoriy Marchenko said on Wednesday.

Cash squeeze threatens bounce in Kazakh wheat crop (Agrimoney.com)

Indicators – April 27, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal Kazakh mine fire forces evacuation of 319 workers (Bloomberg)

Frontier Mining restarts operations at Koskuduk early due to good weather (Proactive Investors)

POLITICS:

India courts a distant Kazakhstan (World Politics Review)

Shanghai Cooperation Organization ministers to meet in Kazakhstan (RIA Novosti)

REGIONAL:

China lends Turkmenistan $4 billion for gas field

(AFP) – Energy hungry China has given Turkmenistan a loan of $4.1 billion (three billion euros) to develop a gas field and boost exports, the state gas company Turkmengaz said Tuesday.

SOURCE: http://silkroadintelligencer.com/2011/04/28/kazakhstan-daily-news-roundup-april-28-2011/



↑ Top