Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – July 11, 2011 0

Posted on July 10, 2011 by KazCham

Kazakhstan Daily News Roundup – January 25, 2011 0

Posted on January 25, 2011 by KazCham

HEADLINES:

KazMunaiGas to raise $500 million in 2011; crude production to remain stable
(SRI) – KazMunaiGas (KMG), Kazakhstan’s national oil and gas company, plans to raise about $500 million this year to restructure its debt and fund new and existing projects, the company’s chief executive Kairgeldy Kabyldin said.

Caspian Transportation System postponed until 2018 – KMG
(SRI) – The implementation of the Kazakhstan Caspian Transportation System (KCTS) will be postponed at least until 2018, KazMunaiGas head Kairgeldy Kabyldin said.

Samruk-Kazyna to raise $1 billion in 2011
(SRI) – Samruk-Kazyna, Kazakhstan’s state holding and investment company, plans to raise more than $1 billion on local and international markets this year to finance investment projects of its subsidiaries and affiliated companies.

ENERGY:

Caspian Sea oil find could be ‘biggest this year’ (Telegraph)

Kazakhstan increases oil refining by 13% in 2010 (SRI)

BTC and Tengizchevroil continuing talks – KMG head (TREND)

BUSINESS AND ECONOMY:

Kazakh bank loan portfolio seen flat in 2011 – central bank (Reuters)

National Bank of Kazakhstan: Exchange rates January 25, 2011 (Kazakhstan Today)

Indicators – January 24, 2011 (Reuters)

MINERAL RESOURCES:

Central Asia Resources appoints Christopher Campbell-Hicks to progess Kazakhstan projects (Proactive Investors)

Alhambra Resources: Granting of stock options (Marketwire)

POLITICS:

Foreign Minister to get warm Washington welcome despite democracy concerns? (EurasiaNet)

Kazakhstan ratifies agreement with IBRD on borrowing $17 million for reform (Itar-Tass)

SOURCE: http://silkroadintelligencer.com/2011/01/25/kazakhstan-daily-news-roundup-january-25-2011/

Kazakhstan Daily News Roundup – July 19, 2010 0

Posted on July 19, 2010 by KazCham

HEADLINES:

Kazakhstan opens criminal case against Tengizchevroil
(SRI) – Kazakhstan’s financial police said on Thursday it had opened a criminal case against Tengizchevroil (TCO), a Chevron-led joint venture, accusing it of illegally producing $1.4 billion worth of crude oil.

Oil consultant Giffen returns to court in delayed Kazakhstan bribery case
(Bloomberg) – Oil consultant Jim Giffen was told by a U.S. judge six months after his 2003 arrest in an international bribery scheme that he would go on trial in the fall of 2004. He’s still waiting.

Confusion surrounding Tristan Oil deal
(SRI) – Kazakhstan’s Oil and Gas Ministry said last week it had received an official letter from Cliffson Company Ltd informing the authorities that it intended to withdraw from the planned acquisition of Kazakhstan-focused oil company Tristan Oil.

ENERGY:

Kazakh leader says EU should do more on Nabucco (Reuters)

Uranium One recommends stake sale to Russia’s ARMZ (Reuters)

Central Asia pipeline brings 2 bcm of gas to China (Reuters)

OVL turns down Mittal offer to buy stake in Kazakh oil company (Economic Times)

Kazakhstan-based subsidiary of Rumania’s Petrom pays 59.8 ml tenge in fines for associated gas flaring above limits (Interfax)

BUSINESS AND ECONOMY:

Tobacco company makes changes after Kazakhstan child-labor report (AFP)

National Bank of Kazakhstan: Exchange rates July 17-19, 2010 (Kazakhstan Today)

METALS AND MINING:

Assaubayev family says Polyus is diverting attention from government probe (Bloomberg)

POLITICS:

Kazakhstan wins right to bring world’s leaders to Astana (Telegraph)

Astana fencing off Kyrgyzstan (EurasiaNet)

OSCE summitt must examine Astana’s poor rights record – press watchdog (EurasiaNet)

SOCIETY:

Kazakhstan to invest $50 million in Afghan education project (RIA Novosti)

On architecture: The big top comes to Kazakhstan (EurasiaNet)

REGIONAL:

U.S. says Kyrgyz must act now to stop more violence (Reuters)

Kyrgyzstan forms new government (AP)

Uzbeks tortured by Kyrgyz police – rights group (AP)

SOURCE: http://silkroadintelligencer.com/2010/07/19/kazakhstan-daily-news-roundup-july-19-2010/

Kazakhstan Daily News Roundup – July 12, 2010 1

Posted on July 12, 2010 by KazCham

HEADLINES:

Tengizchevroil claims compliance with contract amid Kazakh claims
(SRI) – Tengizchevroil (TCO) denied allegations of unauthorized overproduction last week, as Kazakhstan’s financial police began an investigation of the oil venture’s activities.

Kazakhstan’s first restructuring fund open for business
(bne) – After a first close on $100 million in June, the Kazakhstan Capital Restructuring Fund (KCRF) will soon start investing into financially distressed companies in the Central Asian country.

Capital building in Kazakhstan
(bne) – Astana seems an empty place in winter when the Siberian cold drives the population inside. But in June the Kazakh capital’s streets are a hive of activity as gangs of workmen frantically resurface roads and prepare new buildings for the dual birthday celebrations for Astana and President Nursultan Nazarbayev.

ENERGY:

Russia to lend Kazakhstan $700 million for power plant (SRI)

Saipem gets $1.3 billion of offshore contracts including one in Kazakhstan (Bloomberg)

Lukoil won’t repurchase 50-percent Kazakh JV stake (Reuters)

BUSINESS AND ECONOMY:

Negative outlook for Kazakhstan’s banking system maintained (Moody’s)

Kazakhstan’s journey of debt market redemption nears completion (Euroweek – Cbonds.Info)

BTA Bank’s creditors to join Directors Board (Interfax)

Bilfinger Berger manages shopping and entertainment center in Kazakhstan (Property Magazine)

Sembol Insaat to start residential construction project in Kazakhstan (Today’s Zaman)

Kazakh government to finance feasibility study for construction of Arkalyk-Shubarkol railway (Interfax)

WB to allocate $29.2 million for development of technical and vocational education in Kazakhstan (Interfax)

National Bank of Kazakhstan: Exchange rates July 10-12, 2010 (Kazinform)

METALS AND MINING:

ENRC Kazchrome to build new HC ferrochrome meltshop (Steel Guru)

POLITICS:

Personality cult rises up around Kazakh president (AP)

Kazakhstan shows more style than substance in addressing Kyrgyz crisis (EurasiaNet)

Kazakhstan calls for OSCE conflict prevention mechanism (New Europe)

U.S.-Kazakh deal on ’special cargo’ transit to Afghanistan comes into force (RIA Novosti)

REGIONAL:

Ravaged Kyrgyz village shows hard road to recovery (AP)

Turkmen leader orders establishment of private media (AFP)

BP CEO visits Azerbaijan amid talk of asset sales (AP)

SOURCE: http://silkroadintelligencer.com/2010/07/12/kazakhstan-daily-news-roundup-july-12-2010/



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