Kazakhstan Chamber of Commerce in the USA


Kazakhstan Daily News Roundup – September 29, 2010 0

Posted on September 29, 2010 by KazCham


Mittal sells stake in Kazakh oil company to Chinese Sinopec
(SRI) – Mittal Investment Sarl, the investment vehicle of India’s steel tycoon Lakshmi Mittal, sold its stake in Kazakhstan-focused oil company Caspian Investment Resources to Chinese Sinopec for an undisclosed sum, local media reported on Tuesday.

Bank of China lends $232 million to KMG, Citic joint venture
(SRI) – Bank of China Ltd. has agreed to lend $232 million to the joint venture of Kazakhstan’s KazMunaiGas and Chinese Citic Group to build a bitumen plant in Aktau.

Kaspi Bank to boost lending by up to 15% in 2010 – CEO
(SRI) – Kaspi Bank, Kazakhstan’s eighth largest bank, plans to grow its loan portfolio by 10-15% in 2010 as it expects to rebound from last year’s net loss, the bank’s CEO Mikhail Lomtadze told Reuters.


Max Petroleum to drill well at Asanketken (SRI)

Russia, Kazakhstan plan to develop renewable energy industry (RIA Novosti)


Airstream arranges ERJ-145 delivery to Kazakhstan (ERAA)

National Bank of Kazakhstan: Exchange rates September 29, 2010 (Kazakhstan Today)

Indicators – September 28, 2010 (Reuters)


New rebar mini-mill commissioned in southern Kazakhstan (SteelOrbis)

Alhambra closes oversubscribed equity financing for $8 million (Marketwire)


Kazakhstan’s president confidence rating high (Interfax)

Issues of opposing nuclear terror financing discussed in Astana (Itar-Tass)

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