Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – March 3, 2011 0

Posted on March 03, 2011 by KazCham

SOURCE: http://silkroadintelligencer.com/2011/03/03/kazakhstan-daily-news-roundup-march-3-2011/

ENERGY:

KMG EP board recommends record dividend, ups capex budget
(SRI) – KazMunaiGas Exploration Production (KMG EP) plans to pay a dividend of KZT800 ($5.48) per share for 2010, according to recommendation of the oil company’s Board of Directors.

KMG’s Rompetrol to be back in black in 2012 (Reuters)

KMG’s Rompetrol willing to borrow to repay back taxes to Romania (Bloomberg)

Zhaikmunai LP – issuer substitution and KASE (Marketwire)

BUSINESS AND ECONOMY:

Eurasian Bank acquires Kazakh microlender
(SRI) – Eurasian Bank, Kazakhstan’s tenth largest bank, has completed the acquisition of microlender ProstoKredit from French banking group Societe Generale, Eurasian said in a statement on Tuesday.

Kazakh president pushing ENRC and Kazakhmys into ‘People’s IPOs’ (Telegraph)

Lithuania urges Kazakhstan to accelerate transport cooperation (Interfax)

Indicators – March 2, 2011 (Reuters)

METALS AND MINING:

ENRC to spend $6.8 billion on Kazakh, Brazilian iron ore growth (Bloomberg)

ENRC to produce 45 million tons of iron ore in Brazil – Interfax (Bloomberg)

Sunkar Resources Subsoil Use Contract changes ratified (Mineweb)

POLITICS:

Four candidates to run in Kazakh presidential election (RFE/RL)

REGIONAL:

China,Turkmenistan agree on new natural gas supply (Reuters)

RWE, OMV, Nabucco partners must each give $2.3 billion in guarantees (Bloomberg)

Kazakhstan Daily News Roundup – February 7, 2011 0

Posted on February 07, 2011 by KazCham

ENERGY:

Chevron’s Kazakh venture triples crude extraction tax payments
(Bloomberg) – Chevron’s Kazakh oil venture more than tripled crude extraction tax payments as the government seeks a larger share of resource revenue.

EBRD considering restructuring loan for KEGOC (SRI)

BUSINESS AND ECONOMY:

Kazakhstan could join WTO in 2012 – Minister
(SRI) – Kazakhstan may join the World Trade Organization (WTO) in the first half of 2012, Economy Minister and the country’s lead WTO negotiator Zhanar Aitzhanova said on Friday.

Kazakh-Russian trade turnover grows by about 40% (Itar-Tass)

National Bank of Kazakhstan: Exchange rates February 5-7, 2011 (Kazinform)

Indicators – February 4, 2011 (Reuters)

METALS AND MINING:

Kazakh miner ENRC CEO Felix Vulis to resign
(Reuters) – Kazakh mining group ENRC said chief executive Felix Vulis had decided to step down for personal reasons but would stay with the company until a successor was appointed.

Kazakhmys appoints new COO (SRI)

Sunkar Resources’ Chilisai prosphate project revenues to reach $8.4 billion over 20 years (Proactive Investors)

POLITICS:

Nomination of presidential candidates kicks off in Kazakhstan (RIA Novosti)

SOCIETY:

Winter Asian Games close with hosts dominant (AFP)

SOURCE: http://silkroadintelligencer.com/2011/02/07/kazakhstan-daily-news-roundup-february-7-2011/



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