Kazakhstan Chamber of Commerce in the USA

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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/

Kazakhstan Daily News Roundup – July 20, 2010 0

Posted on July 20, 2010 by KazCham

HEADLINES:

Max Petroleum to lose Astrakhanskiy block license
(SRI) – Max Petroleum Plc said on Monday the Kazakhstan government had notified the company about the termination of its subsoil use license for the Astrakhanskiy block after it failed to comply with work obligations.

German companies sign business deals worth $2.6 billion in Kazakhstan
(SRI) – German Chancellor Angela Merkel concluded a week-long tour across Central Asia with an official visit to Kazakhstan on Sunday, signing business deals worth more than EUR2 billion euros ($2.6 billion).

Fitch Upgrades Alliance Bank to ‘B-’ on completion of restructuring
(Fitch Ratings) – Fitch Ratings has upgraded Alliance Bank’s Long-term foreign currency Issuer Default Rating (IDR) to ‘B-’ from ‘RD’ (Restricted Default), and assigned a Stable Outlook.

ENERGY:

Iran and Kazakhstan to establish oil workgroup (Steel Guru)

BUSINESS AND ECONOMY:

Kazakhstan gears up to issue first sukuk (Arab News)

Kazakhstan, Belarus scrap import duties on airplanes (RIA Novosti)

National Bank of Kazakhstan: Exchange rates July 20, 2010 (Kazakhstan Today)

METALS AND MINING:

Japan JOGMEC in pact to explore Kazakhstan minerals (Reuters)

SOCIETY:

Kazakh archeologists discover ancient Scythian “Sun Lord” (EurasiaNet)

Kazakh businessman to help independent weekly pay fine (RFE/RL)

REGIONAL:

Uzbek women accuse state of mass sterilizations (AP)

President’s daughter, 16, ‘new face of Tajik TV’ (AFP)

Turkey becomes global power in construction (AP)

SOURCE: http://silkroadintelligencer.com/2010/07/20/kazakhstan-daily-news-roundup-july-20-2010/



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