Archive for October 23rd, 2007
News Roundup - October 23, 2007
The Financial Times: Kashagan oil Dispute a Step Closer to Resolution
An oil group led by Italy’s Eni is believed to have taken a first step towards resolution of a dispute with Kazakhstan over the development of Kashagan, the giant oilfield in the Caspian Sea area, according to media reports…
Oil and Gas Eurasia: Kashagan Compensation Agreed
At the weekend, the consortium agreed in principle to hand KazMunaigas a bigger stake in the project to compensate for production delays and cost overruns, Russia’s Interfax news agency reported. The size of the additional stake is not yet determined. KazMunaigas currently holds 8.33 per cent of Kashagan…
CNN Money: Eni-Led Consortium Signs Memorandum On Kashagan
The Eni SpA (E)-led consortium developing the giant Kashagan oil field Monday signed a memorandum of understanding with the Kazakh authorities committing to continuing talks beyond today’s deadline…
Forbes: Kazakhstan Electricity Grid Operating Co Assigned ‘BBB’ Long-term IDR
Fitch Ratings said it has assigned a first-time long-term foreign currency issuer default rating of ‘BBB’ with a stable outlook on Kazakhstan Electricity Grid Operating Co (KEGOC) reflecting the 100 pct state ownership, support and low business risk profile…
TREND: Kazakhstan to Join Nabucco Project
Kazakhstan is ready to join Nabucco project and to export its gas via the pipeline to the European countries, the Deputy President on Transportation of Kazakhstan Holding on Management of State Assets - Samruk, Kairgeldy Kabyldin, said…
Kommersant: Rusal Sees Progress in Kazakhstan
The danger of Kazakh authorities taking the major Bogatyr Access Komir coal asset away from Rusal shareholders has passed after the Russian company reached an agreement with the state-owned Kazakh Samruk Corp. on its joint ownership…
Radio Free Europe / Radio Liberty: Labor Migrants Face Abuse, Xenophobia
Poverty and unemployment have led millions of men and women from Tajikistan, Uzbekistan, and Kyrgyzstan to seek jobs elsewhere in Central Asia or farther abroad. Sending money back home, the migrants support their families and, it could be argued, their national economies…
Kazinform: Kazakhstan Bans Sunflower Export till March 1, 2008
Kazakhstan bans sunflower oil and seeds export for the period until March 1, 2008. According to Industry and Trade Minister Galym Orazbakov, Kazakh Government has already adopted the corresponding decree…
Kazinform: Kazakhstan Likely to Revive Beet Production Amid Sugar Shortage
Prime Minister of Kazakhstan Karim Massimov has charged Agriculture Ministry, National Holding KazAgro JSC and Almaty region to put forward their proposals on beet production resumption within a month…
Transmeridian Exploration Incorporated today announced that it has received Kazakhstan Government approval for its Gas Utilization Program with increased gas flaring volumes for 2007 and all of 2008…
CNN Money: Globalstar Announces Successful Launch of Four Satellites
Globalstar, Inc., a leading provider of mobile satellite voice and data services to businesses, government, and individuals today announced that four Globalstar satellites were successfully launched from the Baikonur Cosmodrome in Kazakhstan, using the Soyuz launch vehicle…
CNN Money: SES Global’s Sirius 4 Set for Nov 18 Launch as Baikonur Operations Resume
SES Global said the launch date for its Sirius 4 satellite has been set for Nov 18 following delivery of the spacecraft to the Baikonour Cosmodrome in Kazakhstan…
