Kazakhstan Chamber of Commerce in the USA

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Kazakhstan Daily News Roundup – September 27, 2011 0

Posted on September 27, 2011 by Alex

ENERGY:

Kazakhstan considering processing crude oil in China – Minister (SRI)

Roxi Petroleum hopeful of new farm-out for BNG oil block in Kazakhstan this year (Proactive Investors)

Tethys reports positive initial results from AKDO6 Doris well in Kazakhstan (Proactive Investors)

BUSINESS AND ECONOMY:

BTA’s capital gap widened 83% last month – central bank
(Bloomberg) – BTA Bank’s capital shortfall widened 83 percent last month after assets dropped, the Kazakh central bank said.

Kazakhstan, China to double bilateral trade by 2015 (SRI)

Talgo passenger train plant in Kazakhstan nearing completion (SRI)

Thunderbird business school expands to Kazakhstan (BusinessWeek)

Kazakhstan completes WTO talks with U.S. on access to markets (Interfax)

Indicators – September 26, 2011 (Reuters)

METALS AND MINING:

Kazakhstan to enter race for rare earth elements
(SRI) – Kazakhstan plans to produce 1,500 tonnes of rare earths next year, aiming to fill the void created by China, as the world’s largest producer of rare earth elements seeks to curb exports, Dow Jones Newswires reported on Tuesday.

ENRC to pick Mashkevich, helping resolve dispute – analysts
(Bloomberg) – Eurasian Natural Resources Corp. (ENRC) will probably select billionaire founder Alexander Mashkevich as chairman, helping resolve a dispute over board appointments and bringing clarity to decision-making, according to analysts.

SOCIETY:

Kazakhs dance themselves dizzy (EurasiaNet)

REGIONAL:

Twenty candidates to vie for Kyrgyz presidency

(Reuters)

Mongolia wants to speed up raising its stake in copper (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/09/27/kazakhstan-daily-news-roundup-september-27-2011/

Kazakhstan Daily News Roundup – September 8, 2011 0

Posted on September 08, 2011 by Alex

HEADLINES:

Kazakhstan to shun Morgan Stanley, Goldman Sachs in “people’s IPO” program
(SRI) – The National Bank of Kazakhstan will not allow investment banks Morgan Stanley and Goldman Sachs to bid on advisory contracts as the Kazakh government is moving forward to select banks to manage the individual listings of the so-called “people’s IPO”, Bloomberg reported on Wednesday.

Karachaganak dispute could be solved within a month – Kulibayev
(SRI) – Timur Kulibayev, head of the state-owned holding and investment company Samruk-Kazyna, said on Wednesday the Karachaganak oil field dispute could be resolved within one month, the Kazakhstan-Novosti news agency reported.

BUSINESS AND ECONOMY:

Central bank to buy up entire Kazakh gold output until 2014-15 (SRI)

Kazakhstan to add BRIC currencies to diversify its foreign reserves (SRI)

Egypt buys Kazakh wheat at tender (SRI)

On the move: Atameken Union (SRI)

Real estate transactions jump 15.2% in August (SRI)

Outflow of speculative capital from Kazakhstan reached $3 billion this summer – central bank(SRI)

RESMI Group sells Respublika Pension Fund to a group of private investors (SRI)

Kazakhstan to boost railway equipment manufacturing to KZT300 billion by 2015 (SRI)

Indicators – September 7, 2011 (Reuters)

POLITICS:

Kulibayev reiterates intention to stay clear of politics (SRI)

Playing language issue as a political card unacceptable – Nur Otan (Interfax)

Majilis deputy Alzakov demands urgent measures to tackle religious extremism (Interfax)

REGIONAL:

Tethys loses bid for Afghan oil blocks to Chinese state-owned oil company (Proactive Investors)

Global Insider: South Korea-Central Asia relations (World Politics review)

SOURCE: http://silkroadintelligencer.com/2011/09/08/kazakhstan-daily-news-roundup-september-8-2011/

Kazakhstan Daily News Roundup – August 17, 2011 0

Posted on August 19, 2011 by Alex

ENERGY:

Tethys narrows losses in first half of 2011 (SRI)

MIE Holdings acquisition of BMB Munai’s Emir Oil approved by Kazakh Ministry of Oil and Gas (SRI)

Caspian states review oil spill response (UPI)

BUSINESS AND ECONOMY:

Halyk Bank H1 net income up 27%
(SRI) – Halyk Bank, Kazakhstan’s second-largest lender by assets, said on Tuesday its net income grew by 26.9% year-on-year to KZT21.1 billion ($144 million) in the first half of 2011.

Samruk-Kazyna gives up control of Development Bank of Kazakhstan, other assets
(SRI) – In a move to reorganize the management of state-owned assets, the Kazakh government transferred control of the Development Bank of Kazakhstan and other entities from Samruk-Kazyna to other government agencies, the Kazakhstan-Novosti news agency reported.

Indicators – August 16, 2011 (Reuters)

METALS AND MINING:

Kazakhstan raises steel output in Jan-July (SRI)

Frontier Mining receives second $5 million tranche for Benkala copper project (Proactive Investors)

POLITICS:

Profile: Aset Isekeshev – Minister of Industry and New Technologies, Deputy Prime Minister
(SRI) – Aset Isekeshev, one of Kazakhstan’s most influential politicians, serves as the Deputy Prime Minister and Minister of Industry and New Technologies.

SOCIETY:

Almost 40% of Kazakhs oppose hijabs – poll (Interfax)

SOURCE: http://silkroadintelligencer.com/2011/08/17/

 

Kazakhstan Daily News Roundup – July 26, 2011 0

Posted on July 25, 2011 by KazCham

HEADLINES:

Kulibayev would succeed Nazarbayev if needed – presidential advisor
(SRI) – Timur Kulibayev, the powerful son-in-law of Kazakhstan’s President Nursultan Nazarbayev, could succeed the aging leader, Nazarbayev’s confidant Yermukhamet Yertysbayev told a Russian newspaper.

Fast food on the steppe
(bne) – Americana Group has brought several fast food franchises – KFC, Pizza Hut and most recently Hardee’s – to the Kazakh market. But unlike Russia and the western part of the Commonwealth of Independent States, Kazakhstan has yet to see the arrival of McDonald’s and its big rival Burger King.

ENERGY:

Tethys shares start trading on LSE (SRI)

Fitch affirms Tengizchevroil notes, changes Outlook to Positive (SRI)

Kazakhstan’s Pavlodar refinery restarts after 30 days of repairs (Oil and Gas Eurasia)

BUSINESS AND ECONOMY:

Nurbank first-half income up 17-fold (SRI)

Kazakhstan’s grain harvest to reach 16-17 million tonnes in 2011 (SRI)

Kazakh Foreign Ministry denies notification of Ablyazov’s political shelter in the UK (Interfax)

Etihad Crystal Cargo announces new freighter operation to Almaty (LogisticsWeek)

Indicators – July 25, 2011 (Reuters)

METALS AND MINING:

Court hears ENRC bid to strike out $2-billion lawsuit (Reuters)

POLITICS AND SECURITY:

Kazakhstan objects to inclusion on “terror” list, but U.S. stands behind it (EurasiaNet)

SOURCE: http://silkroadintelligencer.com/2011/07/26/kazakhstan-daily-news-roundup-july-26-2011/

 

Kazakhstan Daily News Roundup – July 8, 2011 0

Posted on July 07, 2011 by KazCham

Samruk-Kazyna will inject cash into BTA Bank if needed – executive

(SRI) – Kazakhstan’s state-owned holding and investment company Samruk-Kazyna will inject cash into BTA Bank if the lender requires financing to avoid a second default, Bloomberg reported on Thursday, citing deputy CEO Aidan Karibzhanov.

KMG EP blames strikes, power cuts for fall in H1 production
(SRI) – KazMunaiGas Exploration Production (KMG EP) blamed emergency power cuts and strikes at its major producing fields for a 3% year-on-year fall in crude oil output in the first half of this year.

ENERGY:

CPC exports down 4.4% in H1 (SRI)

Kazakhstan, Russia to invest $1 billion to upgrade power plant (SRI)

Integra sets up geophysical surveys at Lake Zaisan in Kazakhstan (OilVoice)

Tethys announces pre-acidized flow rate of 520 bpd at AKD05 Doris well (Proactive Investors)

KMG EP calls for unbiased attitude to ongoing industrial action (Interfax)

BUSINESS AND ECONOMY:

Astana Finance settles arbitration proceedings with Barclays (SRI)

Central bank to buy stake in State Pension Fund from EBRD – Marchenko (SRI)

Kazakhstan’s foreign reserves decline by 1.9% in June – central bank (SRI)

Metrokombank raises capital to fulfill requirements (SRI)

Current account grows 58% in Q1 – central bank (SRI)

Kazakhstan to increase financing of science (Interfax)

Indicators – July 7, 2011 (Reuters)

METALS AND MINING:

ArcelorMittal sees Kazakh unit buoyed by CIS demand (Reuters)

POLITICS AND SECURITY:

Kazakhstan is safe from Islamist revolution (The Moscow Times)

Suspects in the murder of policemen identified as members of radical Islam sect – media(Interfax)

87 candidates to vie for 16 seats in the Senate (Interfax)

SOCIETY:

Bringing Kazakh drylands back to life (World Bank Group)

SOURCE: http://silkroadintelligencer.com/2011/07/08/kazakhstan-daily-news-roundup-july-8-2011/

 

Kazakhstan Daily News Roundup – May 10, 2011 0

Posted on May 10, 2011 by KazCham

HEADLINES:

Glencore to increase stake in Kazzinc; Kazakh presidential advisor to reap profits
(SRI) – Glencore, the Swiss commodity trader which is poised to complete a record $11-billion IPO this month, is set to increase its stake in Kazakh miner Kazzinc and make a close presidential advisor a billionaire in the process.

Kazakh leaders talk up upcoming “people’s IPO”
(SRI) – The “people’s IPO” privatization program will be implemented transparently and will provide equal access to all Kazakh participants, head of the state holding and investment company Samruk-Kazyna, Timur Kulibayev, said on Friday.

On the move: government, KazMunaiGas, KaR-Tel
(SRI) – Kazakh President Nursultan Nazarbayev made several senior level appointments last week, the presidential press office reported.

ENERGY:

Tethys exploratory wells under test (Oil and Gas Journal)

BUSINESS AND ECONOMY:

Kaspi Bank Q1 profit rises to $10 million (SRI)

Temirbank reports $6.1-million first-quarter income (SRI)

Kazakhstan’s foreign reserves grow 5.9% in April (SRI)

Monthly inflation 0.5% in April (SRI)

EPC approves 7% economic growth plan (Interfax)

Indicators – May 6, 2011 (Reuters)

METALS AND MINING:

ENRC shareholders want board to face election, FT says (Bloomberg)

Frontier Mining acquires new deposit to expand Benkala copper mine (Proactive Investors)

POLITICS:

Kazakhs appoint new customs chief after China smuggling probe (Bloomberg)

REGIONAL:

Central Asian nations feel the pinch of dwindling fuel supplies as Russia tightens supplies (AP – Washington Post)

China, Kyrgyzstan, Tajikistan hold anti-terror drill

(AFP)

Kazakhstan Daily News Roundup – September 14, 2010 0

Posted on September 14, 2010 by KazCham

ENERGY:

Kazakhstan sees 2011 oil output at 81 million tonnes (Reuters)

BG, Eni-led Kazakh venture engineer gunned down near his home (Bloomberg)

CPC October program at 2.877 million tons, up 172,500 tons on month (Dow Jones)

BMB Munai reaches restructuring agreement (PR Newswire)

Tethys begins oil sales in Kazakhstan under test scheme (Proactive Investors)

Ukrainian-Kazakh construction of LNG terminal postponed – official (Interfax – Kyiv Post)

BUSINESS AND ECONOMY:

BTA says $5 billion in Russian loans “problematic” (SRI)

Chagala revenues jump in H1 (SRI)

Kazakh companies should invest at home – Samruk-Kazyna (New Europe)

Kazakhstan coal supplies to Russia threatened by lack of rail cars (RIA Novosti)

Kazakhstan not to impose limitations for grain exports (AgriMarket.Info)

Kazakhstan to supply 1.5 million tonnes of grains to Russia (AgriMarket.Info)

KTZh to receive $665,000 from USTDA to improve rail infrastructure (Interfax)

Kazakhstan falls five places in Global Competitiveness Report (Interfax)

Kazakhstan to start introducing EU construction standards in 2011 (Interfax)

METALS AND MINING:

ENRC steps up defence of Congo deal (Financial Times)

Kazakh Jan-Aug copper output rises 7.8% year-on-year (Reuters)

POLITICS:

Kazakh president’s confidant dies (Reuters)

SCO exercises in Kazakhstan to train new counter terrorism techniques (Itar-Tass)

REGIONAL:

20 militants killed on Tajik-Afghan border – official (AFP)

Wildfires destroy over 400 homes in Siberia (Reuters)

Georgia eyes tourist future for one-time rebel hotspot (AFP)

SOURCE: http://silkroadintelligencer.com/2010/09/14/kazakhstan-daily-news-roundup-september-13-2010/



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