Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – July 7, 2011 0

Posted on July 06, 2011 by KazCham

Kashagan said in crisis (again)

(bne) – Shell and its partners developing the Kashagan oilfield will have to ask the Kazakh government for an extension to the 2013 deadline for the first oil from the troubled project, in what would be a humiliating move that could have dire consequences for the future of the project, according to The Daily Telegraph.

ENERGY:

Consortium launches $5.4-billion pipeline expansion (SRI)

Max Petroleum to raise production in Q3; receives trial production approval (SRI)

Gazprom cosies up to Kazakh billionaire (Financial Times)

Jupiter Energy eyes significant milestones in coming months (Proactive Investors)

BUSINESS AND ECONOMY:

BTA makes $166.4 coupon payment (SRI)

On the move: BTA Bank, Samruk-Kazyna (SRI)

Saks, de Beers opening stores in Kazakhstan (SRI)

Monthly inflation 0.3% in June (SRI)

Kazakh central bank leaves refinancing rate unchanged at 7.5% (SRI)

S&P affirms Kazpost ratings, withdraws them upon company request (S&P)

New defaults on the Kazakhstan Stock Exchange possible – KASE chairman (Interfax)

Indicators – July 5, 2011 (Reuters)

METALS AND MINING:

Kazakhstan may build new gold refinery to help boost output (SRI)

Kazakhmys to consider acquisitions with “huge” production potential (SRI)

Kazakh, Slovak companies to mine for lead ore in eastern Kazakhstan (SRI)

Sunkar reports progress on Chilisai project study (SRI)

First Quantum won’t sell its congolese plant to ENRC, pursues mine rights (Bloomberg)

POLITICS AND SECURITY:

The scent of elections (EurasiaNet)

Kazakhstan opens naval air base, intimidates strikers? (EurasiaNet)

SOCIETY:

Sting cancels Kazakh concert over oil worker dispute (SRI)

Kazakhs invest in new Astana (euronews)

Authoritarian Kazakh prez to be hero of fairy tale (AP)

REGIONAL:

U.S. shifts supply routes to Central Asia – report (AFP)

Turkmenistan president ’sings own birthday song’ (AFP)

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

Kazakhstan Daily News Roundup – February 14, 2011 0

Posted on February 13, 2011 by KazCham

HEADLINES:

KEGOC, Samruk-Energo, Kazpost to launch “people’s IPO” – Nazarbayev
(SRI) – Kazakh president Nursultan Nazarbayev instructed his government to prepare state-owned Samruk-Energo, Kazakhstan Electricity Grid Operating Company (KEGOC), and Kazpost for domestic initial public offerings by the end of the year as part of the so-called “people’s IPO.”

BTA to list shares in Luxemburg, on KASE
(SRI) – BTA, Kazakhstan’s third-largest bank, intends to list around 16% of its shares in Luxembourg in the form of global depositary receipts (GDRs) within the next two or three months, Reuters reported on Friday, citing a BTA spokeswoman.

Kazakhmys plans $6-billion investment program
(SRI) – Kazakh copper miner Kazakhmys plans to spend $6 billion over the next three to four years to upgrade its metal plants and develop energy and mining projects, the company’s chairman Vladimir Kim said on Friday.

BUSINESS AND ECONOMY:

Air Astana plans new international routes Aktau-Istanbul and Aktau-Amsterdam (TREND)

National Bank of Kazakhstan: Exchange rates February 12-14, 2011 (Kazakhstan Today)

Indicators – February 11, 2011 (Reuters)

METALS AND MINING:

MPs urge tighter rules after ENRC’s Africa mine deal (Telegraph)

Sunkar seeks partners (Growth Company Investor)

POLITICS:

The Kazakhstan election puzzle (Global Post)

Kazakhstan opposition to boycott presidential polls (AFP)

U.S. helps secure Kazakhstan’s Soviet-era nuclear stock (UPI)

SOURCE: http://silkroadintelligencer.com/2011/02/14/kazakhstan-daily-news-roundup-february-14-2011/

Kazakhstan Daily News Roundup – November 30, 2010 0

Posted on November 30, 2010 by KazCham

HEADLINES:

Kazakh Finance Minister looks for private cash for public projects
(bne) – The Kazakh government aims to attract private sector funding for its multi-billion-dollar industrialisation program, which spans sectors from agriculture to metallurgy, according to Finance Minister Bolat Zhamishev.

Sunkar signs credit line agreement with ATF Bank
(SRI) – Kazakhstan-focused phosphate miner Sunkar Resources has reached a credit line agreement with Kazakh ATF Bank for its Chilisai Phosphate Project in Kazakhstan, the company said on Monday.

International creditors reject Astana Finance restructuring proposal (SRI)

ENERGY:

KazMunaiGas increases production 17.5% in January-October 2010 (Oil and Gas Eurasia)

Zhaikmunai announces enhanced reporting procedures (Marketwire)

BUSINESS AND ECONOMY:

Development Bank of Kazakhstan eyes international bond issue (SRI)

Kazkommertsbank profit up 7.7% in Jan-Sep to $106.8 million (SRI)

National Bank of Kazakhstan: Exchange rates November 30, 2010 (Kazakhstan Today)

Indicators – November 29, 2020 (Reuters)

SOCIETY:

Hong Kong-bound Cathay Pacific plane makes emergency landing in Kazakhstan (Bloomberg)

REGIONAL:

Amid WikiLeaks uproar, Clinton heads to Central Asia

(Reuters)

Gunbattle breaks out in Kyrgyz south (AP)

SOURCE: http://silkroadintelligencer.com/2010/11/30/kazakhstan-daily-news-roundup-november-30-2010/

Kazakhstan Daily News Roundup – October 12, 2010 0

Posted on October 12, 2010 by KazCham

Kazakhstan Daily News Roundup – August 19, 2010 0

Posted on August 19, 2010 by KazCham

HEADLINES:

Kazakhstan reasserts control over big energy projects
(bne) – On the heels of news that KazMunaiGas has signed off on the deal to increase its stake in the Kashagan project come reports Kazakhstan is close to striking a deal over the Karachaganak venture, under which the international consortium developing it would avoid export duties in return for handing over a stake.

Kazakhmys says copper output flat until 2014
(Reuters) – Declining ore grades will keep copper production by Kazakhmys in check until 2014, beyond which the Kazakh miner plans to boost output by as much as 60 percent by bringing several major projects on stream.

ENRC earnings up 63%, cautious on outlook
(Reuters) – Kazakh miner ENRC posted on Wednesday a 63 percent rise in first-half earnings per share on higher output and prices but was wary about commodity prices in the second half.

ENERGY:

Alhambra begins drilling at Kerbay (Marketwire)

Jupiter Energy underpins future growth with strategic investor (Proactive Investors)

BUSINESS AND ECONOMY:

Kazakhstan, Belarus do not join Russia grain export ban (Reuters)

European property and Kazakh wealth (Financial Times Blog)

Kazakhstan to export 6 million tonnes of grains (AgriMarket.Info)

Grain production to total 15.4 million tonnes in bunker weight (AgriMarket.Info)

Baltika-Almaty closes merger with Derbes Breweries in Kazakhstan (Food Industry News)

National Bank of Kazakhstan: Exchange rates August 18, 2010 (Kazakhstan Today)

METALS AND MINING:

Sunkar first-half loss narrows 24% (SRI)

POLITICS:

Nazarbayev adored as Kazakhs eye Kyrgyz strife with suspicion (EurasiaNet)

Nazarbayev proposes to establish a committee for migration policy and reform investigation authorities (Interfax)

Kazakh president signs decree on reformation of law-enforcement system (Interfax)

SOCIETY:

Well-known Kazakh businessman missing (RFE/RL)

Kazakhstan’s scrum queens (EurasiaNet)

SOURCE: http://silkroadintelligencer.com/2010/08/19/kazakhstan-daily-news-roundup-august-18-2010/



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