Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – September 9, 2011 0

Posted on September 09, 2011 by Alex

Kazakhstan Daily News Roundup – May 12, 2011 0

Posted on May 12, 2011 by KazCham

ENERGY:

Oil: Kazakhs fear China at the gate
(Financial Times) – The opposition in Kazakhstan is known for political apathy, but one thing that really winds it up is China’s growing influence in the oil-rich central Asian country, which it sees as a threat to national security.

KazMunaiGas EP withdraws from Iraqi gas project
(Reuters) – Kazakh oil and gas company KazMunaiGas Exploration Production has withdrawn from talks to develop the Akkas natural gas field in Iraq, the company said on Wednesday, citing unresolved issues.

On the move: Deputy Oil and Gas Minister; Deputy Chairman of Samruk-Kazyna
(SRI) – Former Deputy Akim (Governor) of the Western Kazakhstan region Berik Tolumbayev has been appointed Deputy Oil and Gas Minister, Kazakh Prime Minister Karim Masimov said on Wednesday.

KazMunaiGas Q1 net profit rises to $810 million (Reuters)

Roxi reverses Kazakh farm-out (Upstream Online)

Majilis approves bill on state regulation of fuel prices (Interfax)

BUSINESS AND ECONOMY:

New credit cycle begins in Kazakhstan
(bne) – The economic recovery in Kazakhstan, driven by strong commodities prices, helped pull the country’s troubled banking sector out of the crisis. And lending, which starting to resume in late 2010, is expected to pick up as Kazakhstan enters a new credit cycle.

Kazakh billionaire buys $600-million Moscow Ritz ahead of Glencore windfall
(Telegraph) – Verny Capital, the Kazakh private equity firm whose lead investor is billionaire Bulat Utemuratov, has bought Moscow’s Ritz-Carlton Hotel, ahead of a $3.2-billion payout from the Glencore IPO.

Kazakh central bank says lending conditions to ease this quarter
(Bloomberg) – Kazakhstan’s central bank expects lending conditions to ease in the second quarter as competition for “quality borrowers” reduces the cost of money.

Indicators – May 11, 2011 (Reuters)

METALS AND MINING:

Glencore’s Kazakh partner may invest $3.2-billion gains in gold IPO
(Telegraph) – Glencore’s Kazakh partner may reinvest part of its $3.2bn (?2bn) IPO gains in the London flotation of Glencore’s Kazakh gold business.

Orsu Metals announces updated mineral resources for its Karchiga project (Marketwire)

POLITICS:

Former Kazakh Health Minister’s trial set (RFE/RL)

SOURCE: http://silkroadintelligencer.com/2011/05/12/kazakhstan-daily-news-roundup-may-12-2011/



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