Kazakhstan Chamber of Commerce in the USA


Kazakhstan Daily News Roundup – October 7, 2010 0

Posted on October 07, 2010 by KazCham


EDB ready to raise funds
(bne) – The Eurasian Development Bank was quick to raise money on international financial markets in its first few months of operation. Four years on, it has no urgent need for funds, but all the tools are in place, allowing it to spring into action when required.

Tengizchevroil sets daily production record
(SRI) – Tengizchevroil (TCO), the Chevron-led venture developing the giant Tengiz oil field, this week set a new daily crude production record of more than 624,000 barrels of crude oil per day, TCO’s new CEO Tim Miller said Wednesday.

Kazakh wealth fund eyes $2 bln in loans for ENRC
(Reuters) – Kazakh sovereign wealth fund Samruk-Kazyna plans to help miner ENRC attract around $2 billion in loans, possibly from Chinese banks, to develop its iron ore unit, the head of the fund said on Wednesday.


Rosneft halts talks with Lukoil on buying CPC pipeline stake (RIA Novosti)


Steppe Cement market share grows to 21.5% (SRI)

Kazakhstan average grain production to grow to 17.8 million tonnes until 2015 (SRI)

Russia-Kazakhstan nanotechnology venture fund moves closer to founding (Nanowerk)


Kyrgyzstan to vote amid fear of more violence (Reuters)

Tajik military helicopter crash kills 28 – sources (Reuters)

SOURCE: http://silkroadintelligencer.com/2010/10/07/kazakhstan-daily-news-roundup-october-7-2010/

Kazakhstan Daily News Roundup – August 13, 2010 0

Posted on August 13, 2010 by KazCham


Kashagan partners to delay second phase of development until 2018-19
(SRI) – The second phase of development of the Kashagan oil field has been postponed until 2018-2019, local newswires reported on Thursday, citing the chief executive of Kazakh oil and gas company KazMunaiGas.

Tame ending to “Mr Kazakhstan” investigation
(bne) – James Giffen, the American consultant dubbed “Mr Kazakhstan” for his role in 1990s oil deals, has pleaded guilty to a tax misdemeanor. He is facing a maximum penalty of just one year in jail and a $25,000 fine when he is sentenced in November.

Tengizchevroil may cut oil supply via Georgia
(Reuters) – The Chevron-led Tengizchevroil venture may cut crude deliveries via Georgia diverting them to Turkish hub of Ceyhan due to a row between the owners of the Georgian terminals.


Aker enters Kazakh engineering JV (PennEnergy)

KazMunaiGas to invest $8 billion in Kashagan development project in 2010-2014 (Interfax)

Tengizchevroil to invest $10-16 billion before 2017 in Tengiz expansion project (Interfax)

Caspian Energy announces Q2 2010 financial results (Marketwire)


Kazakh rate cut would need lower inflation – central bank (Reuters)

Kazakh deal on grain genetics (Weekly Times)

National Bank of Kazakhstan: Exchange rates August 13, 2010 (Kazakhstan Today)


Orsu Metals announces Q2 2010 interim results (Marketwire)

Financial Police have yet to file fraud charges against Polyus Gold managers (Interfax)


Kazakhstan gets UK’s OK for defense exports (EurasiaNet)


Two dead in Kazakh prison riot (BBC News)


Central Asia’s new Silk Roads (International Herald Tribune)

Several hundred Kyrgyz rally against OSCE deployment (Reuters)

Russian drought devours world wheat supplies – U.S. (AFP)

SOURCE: http://silkroadintelligencer.com/2010/08/13/kazakhstan-daily-news-roundup-august-13-2010/

Kazakhstan Daily News Roundup – July 30, 2010 0

Posted on July 30, 2010 by KazCham


Karachaganak should not pay export duty – BG Group CFO
(SRI) – BG Group believes that Karachaganak Petroleum Operating (KPO) should not be liable for Kazakhstan’s planned export duty, the company’s CFO, Ashley Almanza, told reporters on a conference call on Wednesday.

Kazakhmys H1 output beats forecast on strong demand
(SRI) – Kazakh miner Kazakhmys said its first-half output of finished metal from its own concentrate fell 3.4% but the company beat its guidance and reiterated its full-year target as demand stayed strong.


Ekibastuz GRES-1 income $70 million in H1 2010 (SRI)

Tengizchevroil’s direct payments to Kazakhstan increased by 77% in H1 (Interfax)


CenterCredit probe by financial police shows no violations (SRI)

Bank lending slightly down in H1 – central bank (SRI)

Moody’s downgrades ATF Bank to Ba2 (SRI)

Steppe Cement H1 revenues up 20% in H1 2010 (SRI)

GSM Kazakhstan installs 4G base station in Astana (TeleGeography)

National Bank of Kazakhstan: Exchange rates July 30, 2010 (Kazinform)


Financial police suspects Polyus Gold directors of fraud in KazakhGold deal (Interfax)


The U.S., Kazakhstan and stresses of empire (The Globalist)

Nuclear Center prepares documents for Semipalatinsk nuclear test site land reclamation (Interfax)


Disco fever fails to grip Almaty (EurasiaNet)


Uzbeks flee Kyrgyzstan for Russia (Global Post)

Food crisis next challenge for Kyrgyzstan? (EurasiaNet)

U.S. aims to expand its presence in Uzbekistan (CACI Analyst)

SOURCE: http://silkroadintelligencer.com/2010/07/30/kazakhstan-daily-news-roundup-july-30-2010/

Kazakhstan Daily News Roundup – July 29, 2010 0

Posted on July 29, 2010 by KazCham


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.


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)


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

KazakhGold investors approve annulment of Eurobond covenants (RBC News)


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 23, 2010 0

Posted on July 23, 2010 by KazCham


Bank lending lags Kazakh recovery
(bne) – Kazakhstan’s economic growth is accelerating, though bank lending is continuing to lag the recovery and the volume of loans this year will be almost half of what it was expected to be, according to a new report from VTB Capital.

In Kazakhstan’s, a gulf’s worth of oil awaits transport
(New York Times) – Even as the petroleum industry continues drilling in the Gulf of Mexico at considerable expense and risk, a single field here in Kazakhstan stands ready to produce two-thirds as much oil each day as the entire gulf does, with less danger to the environment.


Tengizchevroil slapped with $1.4 million environmental fine (SRI)

Japan said to consider Kazakh uranium imports through East Russian ports (Bloomberg)

Kazakhstan revokes license from U.S. firm on exploration of large gas field (RIA Novosti)

Construction of Beyney-Bozoy-Shymkent pipeline to begin in October 2010 (Oil and Gas Eurasia)


Kazakhstan’s lenders won’t sell bonds overseas this year – Finance Ministry (Bloomberg)

Kazakhstan incubating high-tech businesses at former nuclear weapons site (Scientific American)

Kazakhstan’s industrial output to grow more than 10% in 2010 – Industry Ministry (Interfax)

Kazakh government to help agricultural producers in drought-stricken regions (Interfax)


Kazakh antitrust watchdog puts hold on Polyus gold plans (Bloomberg – Moscow Times)


Kyrgyz police detain ex-president’s brother (AP)

OSCE to send police monitors to Kyrgyzstan (Reuters)

Dragon Oil says H1 production below expectations (Reuters)

SOURCE: http://silkroadintelligencer.com/2010/07/23/kazakhstan-daily-news-roundup-july-23-2010/

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