Kazakhstan Chamber of Commerce in the USA

KazCham



Kazakhstan Daily News Roundup – February 10, 2011 0

Posted on February 10, 2011 by KazCham

ENERGY:

Tristan Oil’s rating withdrawn on expectation of lengthy arbitration
(SRI) – Fitch Ratings has affirmed Tristan Oil’s long-term foreign currency Issuer Default Rating (IDR) at RD and senior unsecured rating at C with a recovery rating of RR6 and subsequently withdrawn the ratings.

KazMunaiGas names news heads of pipeline operator, downstream subsidiaries (SRI)

Lancaster’s Kun Renewables to export solar silicon from Kazakhstan in 2012 (Bloomberg)

BUSINESS AND ECONOMY:

Central bank intervenes heavily as it tries to slow tenge appreciation
(SRI) – The National Bank of Kazakhstan has bought $1.8 billion on the forex market in January, as it tries to prevent the currency from appreciating too quickly, the central bank’s chairman, Grigoriy Marchenko, said on Tuesday.

Kazakhstan’s foreign reserves jump 6.9% in January (SRI)

National Bank of Kazakhstan: Exchange rates February 10, 2011 (Kazakhstan Today)

Indicators – February 9, 2011 (Reuters)

POLITICS:

Kazakh presidential hopefuls need to pass spelling test (Telegraph)

REGIONAL:

Nabucco pipeline nations want gas pledges (Financial Times)

Turkmenistan suspends major mobile services operator (CACI Analyst)

SOURCE: http://silkroadintelligencer.com/2011/02/10/kazakhstan-daily-news-roundup-february-10-2011/

Kazakhstan Daily News Roundup – July 27, 2010 0

Posted on July 27, 2010 by KazCham

HEADLINES:

Kazakhstan cancels Tristan Oil’s subsoil licenses
(SRI) – Tristan Oil, a Kazakhstan-focused oil company, said on Sunday that Kazakhstan’s Ministry of Oil and Gas had cancelled the subsoil use contracts issued to its two production subsidiaries, Kazpolmunai and Tolkynneftegas.

Kazakhstan to expand Caspian fleet – Minister
(SRI) – Kazakhstan plans to secure more than 50 percent of the Caspian Sea commodity cargo market by 2013 as it expands its tanker fleet with the help of private investors, Reuters reported on Monday citing the country’s Minister of Transport and Communications Abelgazi Kusainov.

Zhaikmunai charged over illegal crude exports
(SRI) – Zhaikmunai LP, a Kazakhstan-focused oil company, has been charged over illegal crude oil exports to Finland, the regional prosecutor’s office said in a statement on Saturday.

ENERGY:

GE signs service deal in Kazakhstan (Upstream Online)

BMB Munai announces completion of prospective resources report (PR Newswire)

BUSINESS AND ECONOMY:

Environmental NGOs in Kazakhstan wield increasing influence over policy in Kazakhstan (EurasiaNet)

IBA Group opens office in Kazakhstan (PR Newswire)

National Bank of Kazakhstan: Exchange rates July 27, 2010 (Kazinform)

METALS AND MINING:

Frontier Mining’s second gold pour and production progress (Mineweb)

POLITICS:

U.S. President won’t attend OSCE summit in Astana – source (Interfax)

Kazakhstan and the OSCE can take the lead in Kyrgyzstan (RFE/RL)

SOCIETY:

Aral Sea trickles back to life (bne)

SOURCE: http://silkroadintelligencer.com/2010/07/27/kazakhstan-daily-news-roundup-july-27-2010/

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/



↑ Top