Kazakhstan Chamber of Commerce in the USA

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Zhaikmunai updates on GTF 0

Posted on October 17, 2011 by Alex

Zhaikmunai LP, a Kazakhstan-focused oil company, said  on Friday that both trains of its new gas treatment facility (GTF)  were operational.   The facility treats gas condensate and other byproducts from Zhaikmunai-operated wells to produce stabilized condensate, liquid petroleum gas (LPG), and dry gas.

Each train has the capacity to process 850 million cubic meters per year, the oil company said.

SOURCE: SRI, Kazakhstan Daily news Brief, October 17, 2011

Kazakhstan Daily News Roundup – August 31, 2011 0

Posted on August 31, 2011 by Alex

ENERGY:

Kazakh oil fund to reach $72.5 billion in 2015 (SRI)

Kazakhstan has no plans to raise oil export duty until at least 2014 (SRI)

Crude output at oil facility hit by strike “almost back to normal” – KMG EP (SRI)

Central Asia – China gas pipeline to double capacity by 2015 (SRI)

Zhaikmunai nearly doubles income in first half (SRI)

Jupiter Energy pushes forward with exploration at Block 31 (Proactive Investors)

BUSINESS AND ECONOMY:

Alliance Bank slashes dividend, reports loss in first half (SRI)

Kazakhstan’s economy to grow 7% annually in 2012-2014 – Kelimbetov
(SRI) – Kazakhstan’s economy will grow by at least 7% annually in 2012-2014, based on an expected average oil price of $80 per barrel in 2012 and $70 from 2013 to 2016, Minister of Economic Development and Trade Kairat Kelimbetov told a government meeting on Saturday.

On the move: Former Justice Minister named chairman of Sberbank Kazakhstan (SRI)

Kazakhstan to export 3 million tonnes of grains to China (SRI)

BTA Bank adds $1.5 billion in provisions in July – regulator (Bloomberg)

Indicators – August 27, 2011 (Reuters)

METALS AND MINING:

Central Asia Resources to commence Kazakhstan gold mining in September (Proactive Investors)

POLITICS AND SECURITY:

Suspect killed as police admit terror in oil-rich western Kazakhstan (EurasiaNet)

SOCIETY:

Kazakhstan reels from impact of nuclear tests, 20 years on (AFP)

REGIONAL:

Nabucco more likely after Fukushima – EU’s Oettinger (Reuters)

Turkmenistan frees over 3,700 prisoners in amnesty (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/08/31/kazakhstan-daily-news-roundup-august-31-2011/

 

Archive for August 30th, 2011 0

Posted on August 30, 2011 by Alex

Zhaikmunai nearly doubles income in first half

By SRI ? August 30, 2011 ? Post a comment

(SRI) – Kazakhstan-focused oil company Zhaikmunai said on Monday its income almost doubled in the first half of 2011 to $36 million, up from $19.6 million in the same period last year.

(more…)

Kazakhstan to export 3 million tonnes of grains to China

By SRI ? August 30, 2011 ? Post a comment

(SRI) – Kazakhstan expects to export nearly 3 million tonnes of grains to China in 2011, head of the state-owned grain trader Food Contract Corporation said on Friday.

(more…)

“People’s IPOs” to expand Kazakh investment universe

By SRI ? August 30, 2011 ? Post a comment

(bne) – The range of publicly traded equities for Kazakhstan-focused funds to invest in has so far been limited mainly to the commodity and banking sectors. But the planned “People’s IPO” program is set to change that, ushering in an age of exchange-traded funds.

(more…)

SOURCE: http://silkroadintelligencer.com/2011/08/30/

Kazakhstan Daily News Roundup – June 28, 2011 0

Posted on June 27, 2011 by KazCham

ENERGY:

Kashagan consortium faces $4.7-million environmental fine – official (SRI)

Zhaikmunai’s reserves increase by 2.3% – audit (SRI)

Pavlodar Oil Refinery goes on annual maintenance (SRI)

Roxi Petroleum offers Kazakhstan BNG operational update (Oil and Gas Eurasia)

BUSINESS AND ECONOMY:

UK court sentences Ablyazov’s brother-in-law to 18 months in prison
(SRI) – The High Court in London has sentenced Syrym Shalabayev, brother-in-law of ex-BTA Bank head Mukhtar Ablyazov, to 18 months in prison in connection with allegations of a multi-billion dollar fraud at the Kazakh bank.

HeidelbergCement to start production at new Kazakh plant in 2013
(SRI) – HeidelbergCement, the German cement maker with operations in Kazakhstan, plans to start production at a EUR200-million ($283 million) cement plant in the western region of Mangistau in 2013, Kazakhstan’s Ministry of Industry and New Technologies said on Monday.

Kazakhstan companies to invest in Kyrgyz economy (SRI)

Horlick is standing firm on Kazakhstan (Financial News)

Kazakhstan, Germany to set up joint engineering center (Interfax)

Former head of Valut-Transit Bank sentenced to 10 years additional years (Interfax)

Kazakhstan ratifies agreement on migrant workers with Belarus and Russia (Interfax)

Fitch downgrades AMANAT Insurance to B- (Fitch)

Indicators – June 27, 2011 (Reuters)

METALS AND MINING:

Prokhorov resigns as Polyus Gold CEO to head political party (SRI)

Kazelectromontazh, Polish EL-IN to build steelwork plant worth $12 million (Interfax)

POLITICS:

Kazakhstan again seeks extradition of Aliev from Austria (RFE/RL)

Kazakhstan, Russia simulate defense against cruise missile attack (EurasiaNet)

REGIONAL:

Azerbaijan leader warns of army buildup at huge parade (Reuters)

Armenia, Azerbaijan summit falls short of breakthrough (AFP)

SOURCE: http://silkroadintelligencer.com/2011/06/28/kazakhstan-daily-news-roundup-june-28-2011/

Kazakhstan Daily News Roundup – May 30, 2011 0

Posted on May 30, 2011 by KazCham

ENERGY:

KMG EP looks for new exploration assets at home and abroad
(bne) – KazMunaiGas Exploration Production is making a big push to acquire new oil and gas prospects both in Kazakhstan and abroad in order to maintain production levels as its main fields mature.

KazMunaiGas may transfer Kashagan stake to traded unit
(Bloomberg) – KazMunaiGas may transfer its stake in the Kashagan oil field to its London-traded unit, KazMunaiGas Exploration Production, said Kairgeldy Kabyldin, the CEO of the Kazakh state oil producer.

No plans to raise oil export duty – Mynbayev (SRI)

Kashagan extractions to start by 2012, Eni’s Descalzi tells Sole (Bloomberg)

Zhaikmunai reports $11.2 million in first-quarter income (SRI)

KazMunaiGas says workers’ strikes have little impact on output (Bloomberg)

BUSINESS AND ECONOMY:

Alliance Bank hires law firm to recover embezzled assets (SRI)

On the move: Samruk-Kazyna Real Estate Fund (SRI)

Emerging markets head for IMF unlikely – Marchenko (Financial Times)

BTA Bank bonds ‘everyone loves to hate’ slide to record lows (Bloomberg)

British court orders arrest of brother-in-law of Kazakh BTA bank ex-head (RIA Novosti)

China invests $5.5 billion in Kazakh economy in 2010 (SRI)

Astana closing in on WTO membership (EurasiaNet)

Indicators – May 27, 2011 (Reuters)

METALS AND MINING:

No new shares for Kazakhmys Hong Kong listing
(SRI) – Kazakhstan’s largest copper miner Kazakhmys said Friday its board of directors has approved a secondary listing of the company’s shares on the Hong Kong Stock Exchange in June but the listing won’t result in the issue of new shares.

Red October may buy stake in Kazakhstan copper project (Mining Weekly)

POLITICS:

Kazakh opposition calls for halt to China expansion
(Reuters) – Opposition activists in Kazakhstan called on the government on Saturday to stop Chinese investment in the country’s natural resources, saying Beijing could be preparing a land grab in Central Asia.

Jailed Kazakh human rights activist released on furlough (RFE/RL)

REGIONAL:

Tethys Petroleum finds oil at Tajik well; shares jump (Reuters)

Tajikistan at growing risk of insurgency – report (Reuters)

SOURCE: http://silkroadintelligencer.com/2011/05/30/kazakhstan-daily-news-roundup-may-30-2011/

 

Kazakhstan Daily News Roundup – March 3, 2011 0

Posted on March 03, 2011 by KazCham

SOURCE: http://silkroadintelligencer.com/2011/03/03/kazakhstan-daily-news-roundup-march-3-2011/

ENERGY:

KMG EP board recommends record dividend, ups capex budget
(SRI) – KazMunaiGas Exploration Production (KMG EP) plans to pay a dividend of KZT800 ($5.48) per share for 2010, according to recommendation of the oil company’s Board of Directors.

KMG’s Rompetrol to be back in black in 2012 (Reuters)

KMG’s Rompetrol willing to borrow to repay back taxes to Romania (Bloomberg)

Zhaikmunai LP – issuer substitution and KASE (Marketwire)

BUSINESS AND ECONOMY:

Eurasian Bank acquires Kazakh microlender
(SRI) – Eurasian Bank, Kazakhstan’s tenth largest bank, has completed the acquisition of microlender ProstoKredit from French banking group Societe Generale, Eurasian said in a statement on Tuesday.

Kazakh president pushing ENRC and Kazakhmys into ‘People’s IPOs’ (Telegraph)

Lithuania urges Kazakhstan to accelerate transport cooperation (Interfax)

Indicators – March 2, 2011 (Reuters)

METALS AND MINING:

ENRC to spend $6.8 billion on Kazakh, Brazilian iron ore growth (Bloomberg)

ENRC to produce 45 million tons of iron ore in Brazil – Interfax (Bloomberg)

Sunkar Resources Subsoil Use Contract changes ratified (Mineweb)

POLITICS:

Four candidates to run in Kazakh presidential election (RFE/RL)

REGIONAL:

China,Turkmenistan agree on new natural gas supply (Reuters)

RWE, OMV, Nabucco partners must each give $2.3 billion in guarantees (Bloomberg)

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 26, 2010 0

Posted on October 26, 2010 by KazCham

HEADLINES:

Kazkommertsbank registers $2-billion debt issue; at risk of breaching debt covenant
(SRI) – Kazkommertsbank, Kazakhstan’s largest bank, has gained UK approval for issuing debt worth up to $2 billion, the bank said in a disclosure statement on the London Stock Exchange Group website on Monday.

Shell cuts second phase Kashagan development costs by $18 billion – newspaper
(SRI) – Royal Dutch Shell Plc has cut the projected cost of the second phase of the Kashagan oil field development program from $68 billion to $50 billion, The Daily Telegraph reported on Monday, citing a senior Kazakh official.

Central bank buys $2.7 billion on open market in 2010 – Marchenko
(SRI) – The National Bank of Kazakhstan has bought $2.7 billion on the foreign exchange market since the beginning of the year, the bank’s chairman Grigoriy Marchenko said on Monday.

ENERGY:

KazMunaiGas EP output declines as workers down tools after heroin arrest (Bloomberg)

S&P upgrades Zhaikmunai to B (SRI)

Tethys Petroleum receives state approval for oil reserves at Doris discovery in Kazakhstan (Proactive Investors)

Kazakhstan to build $16-million wind power plant (Interfax)

BUSINESS AND ECONOMY:

Kazakhstan to invest $5.4 billion in industrialization in 2011 (SRI)

Lockheed Martin signs $50-million contract with Kazaeronavigatsia (SRI)

Kazakhstan GDP up 7.5% yr/yr in Jan-Sept (Reuters)

EDB to finance Kazakh grain exports to neighboring countries (Interfax)

French-Kazakh company to assemble Eurocopter helicopters at Astana? (AvioNews)

National Bank of Kazakhstan: Exchange rates October 26, 2010 (Kazakhstan Today)

Indicators – October 25, 2010 (Reuters)

POLITICS:

Kazakhstan’s presidential race heats up – two years early (EurasiaNet)

SOURCE: http://silkroadintelligencer.com/2010/10/26/kazakhstan-daily-news-roundup-october-26-2010/

Kazakhstan Daily News Roundup – October 13, 2010 0

Posted on October 13, 2010 by KazCham

ENERGY:

AES considering international arbitration against Kazakhstan
(SRI) – AES, a U.S.-based power utility operating in Kazakhstan, could file a suit against the Kazakh government in the London Court of International Arbitration if the two sides fail to reach a consensus in an ongoing investment dispute, AES vice president Michael Jonagan said last week.

Zhaikmunai sets yield guidance for Eurobond issue
(SRI) – Zhaikmunai LP, a Kazakhstan-focused oil company, has set yield guidance on a planned $400-million five-year Eurobond at 10.75-11%, Reuters reported on Tuesday citing a source at one of the lead managers.

BUSINESS AND ECONOMY:

Kazakhstan flies in North Dakota cows to boost beef industry (AP)

PNB expects acquisition of Kazak bank by March 2011 (Business Standard)

Kazakhstan produced 13.6 million tonnes of grains in bunker weight (AgriMarket.Info)

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

METALS AND MINING:

Kazakhmys mulls options for oil unit (Reuters)

Kazakhmys says government stake ‘not a worry’ (Telegraph)

POLITICS:

Kazakh President and German Bundestag President discuss prospects of cooperation (Interfax)

REGIONAL:

Turkmen leader fires gas monopoly chief (AP)

Kyrgyz vote front-runner says seeks broad coalition (Reuters)

Tajikistan blocks Internet sites amid unrest – sources (AFP)

SOURCE: http://silkroadintelligencer.com/2010/10/13/kazakhstan-daily-news-roundup-october-13-2010/

Kazakhstan Daily News Roundup – October 4, 2010 0

Posted on October 04, 2010 by KazCham



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