Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – August 9, 2011 0

Posted on August 08, 2011 by KazCham

ENERGY:

KazMunaiGas raises $1-billion syndicated loan (SRI)

Kazakhstan increases uranium output in H1 (SRI)

Max Petroleum makes new oil discovery in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

BTA reshuffles management amid performance worries
(SRI) – BTA Bank is set to replace chairman Arman Dunayev with CEO Anvar Saidenov as it tries to improve performance, Bloomberg reported last week, citing two sources familiar with the decision.

On the move: Kazkommertsbank (SRI)

Sberbank to issued $684-million worth of debt by 2012 (SRI)

Inditex to buy out its franchises in Kazakhstan (SRI)

Fitch withdraws ratings of Astana Finance and Astana Finance Leasing (Fitch)

Kazakhstan to produce 18-20 million tonnes of grains in 2011 – Nazarbayev (Interfax)

Indicators – August 8, 2011 (Reuters)

METALS AND MINING:

ENRC Q2 ferrochrome up, running at full capacity (Reuters)

ArcelorMittal Temirtau in $150 mln furnace upgrade (Reuters)

Polyus has 3 million ounces of gold in Kazakhstan, Romania (Bloomberg)

Frontier Mining: Three directors boost holdings in firm (Proactive Investors)

POLITICS AND SECURITY:

Kazakhstan returns prisons to tough Interior Minsitry control after riots and breakouts (The Telegraph)

Kazakhstan makes ‘quantum leap’ in its EU relations (TheParliament)

Kazakhstan launches Steppe Eagle exercises (Trend)

SOCIETY:

Is state-sponsored hacking curbing Internet freedom? (EurasiaNet)

REGIONAL:

Turkmenistan sets presidential vote for February 12 (AFP)

Central Asia’s 10 most influential (and connected) women (RFE/RL)

Kazakh bid for more Kyrgyz water comes up dry (RFE/RL)

Tajikistan bans youth from mosques (AFP)

SOURCE: http://silkroadintelligencer.com/2011/08/09/kazakhstan-daily-news-roundup-august-9-2011/

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 – June 21, 2011 0

Posted on June 20, 2011 by KazCham

ENERGY:

Reports of Shell’s office closure mistaken – executive
(SRI) – Kenzhebek Ibrashev, head of KazMunaiTeniz, a state-owned oil company responsible for offshore projects, denied reports that Royal Dutch Shell plans to shut its Kazakhstan office.

CPC June export program at 2.63 million tonnes (SRI)

BUSINESS AND ECONOMY:

Kazkommertsbank to acquire Russian subsidiary of Barclays – newspaper
(SRI) – Kazkommertsbank, Kazakhstan’s largest bank by assets, is close to acquiring the Russian unit of UK-based Barclays, the Kommersant business daily reported on Monday.

VTB Kazakhstan issues shares; increases capital
(SRI) – VTB Kazakhstan, the subsidiary of Russia’s state-owned VTB Bank, has placed 1.1 million shares worth KZT11 billion ($75.5 million), more than doubling its capital to KZT20 billion ($137.5 million).

Kazakh wealth fund’s BTA bond plunges on coupon worry (Reuters)

Fitch affirms ratings of Development Bank of Kazakhstan and KazAgroFinance (Fitch)

Indicators – June 20, 2011 (Reuters)

METALS AND MINING:

Polyus, KazakhGold combined company close to London listing
(SRI) – Polyus Gold, Russia’s largest gold miner, has finalized the terms of the proposed reverse takeover of its subsidiary KazakhGold to gain a listing in London, concluding months of tough negotiations leading up to the deal.

SOURCE: http://silkroadintelligencer.com/2011/06/21/kazakhstan-daily-news-roundup-june-21-2011/

 

Kazakhstan Daily News Roundup – January 31, 2011 0

Posted on January 31, 2011 by KazCham

EADLINES:

Kazakh leader says ready to stay in power
(AFP) – Kazakh President Nursultan Nazarbayev on Friday said he was ready to work for as long as required as his country is expected to hold a referendum on whether to extend his term until 2020.

ENERGY:

Kashagan to feed CPC (Oil and Gas Eurasia)

Roxi Petroleum tanks 25% after NK20 well disappoints (Proactive Investors)

BMB Munai enters agreement to extend noteholders’ redemption rights (PR Newswire)

BUSINESS AND ECONOMY:

EBRD ups 2011 economic growth forecast (SRI)

Kazakhstan seeks Ablyazov’s extradition from the UK (SRI)

Kazakhstan to sell oil, power firms from 2012 (Reuters)

Germany plans Kazakhstan raw materials partnership (Reuters)

Troika Dialog Kazakhstan hires Blair Pollock as deputy head (SRI)

Kazakhstan to export 60,000 tons of meat in 2016 (Bloomberg)

Kazakhstan attracted over $120 billion in foreign investment through the years of independence – Nazarbayev (Interfax)

National Bank of Kazakhstan: Exchange rates January 29-31, 2011 (Kazakhstan Today)

Indicators – January 28, 2011 (Reuters)

METALS AND MINING:

Kazakhmys annual copper output in line (Reuters)

Polyus 2010 core profit up by one third (Reuters)

POLITICS:

Kazakhstan’s constitutional referendum: Western questions, Kazakh answers (Eurasia Daily Monitor)

Washington presses Astana on bid to extend president’s rule – but is anyone listening? (EurasiaNet)

SOCIETY:

Asian Winter Games to open in Kazakhstan (AFP)

Fake Nazarbayev grandson nabbed for swindling (EurasiaNet)

Source: http://silkroadintelligencer.com/2011/01/31/kazakhstan-daily-news-roundup-january-31-2011/

Kazakhstan Daily News Roundup – July 29, 2010 0

Posted on July 29, 2010 by KazCham

HEADLINES:

KMG EP first half crude output up 11 percent
(SRI) – KazMunaiGas Exploration and Production (KMG EP) increased crude oil output by 11 percent year-on-year in the first half of 2010, following the acquisition of a stake in PetroKazakhstan, the company said on Wednesday.

Tengizchevroil produces 12.5 million tonnes in H1 2010
(SRI) – Tengizchevroil (TCO), the Chevron-led venture developing the giant Tengiz oil field, produced 12.5 tonnes of crude oil and 4 billion cubic meters of gas in the first half of 2010, the company said on Wednesday.

ENERGY:

Export duty variable, based on price – Masimov (SRI)

CPC to hold tenders for expansion by end of 2010 – Transneft (SRI)

U.S. looks forward to settlement of TCO dispute (Interfax)

U.S. special envoy dismisses critical remarks over Nabucco project (Interfax)

METALS AND MINING:

Polyus reverse takeover may boost market value (Bloomberg – Moscow Times)

KazakhGold investors approve annulment of Eurobond covenants (RBC News)

BUSINESS AND ECONOMY:

Kazakhstan turns to sukuk after Eurobond offering dropped (Bloomberg)

National Bank of Kazakhstan: Exchange rates July 29, 2010 (Kazinform)

SOURCE: http://silkroadintelligencer.com/2010/07/29/kazakhstan-daily-news-roundup-july-29-2010/



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