news roundup
News Roundup - January 11, 2008
Bloomberg: Kazakhstan to increase uranium output fivefold, overtake Canada
Kazakhstan, the world’s third-biggest uranium producer, plans to increase output fivefold within a decade and overtake Canada as the largest supplier of nuclear fuel…
Financial Times: Unicredit gains Asian ‘hub’
Unicredit, the Italian bank, plans to use its acquisition of Kazakhstan’s ATF Bank, completed yesterday for $2.1bn, as a springboard to expand further into central Asia…
Hemscott: Eni/Kazakh govt meeting over Kashagan postponed for at least 2 day - report
A key Jan 11 meeting to resolve a long-running dispute between the government of Kazakhstan and a consortium of foreign oil companies developing the massive Kashagan field has been postponed, the Wall Street Journal reported…
Kazinform: US to grant $64 mln to Kazakhstan within Nunn-Lugar Program
During the meeting with Kazakh Secretary of State Kanat Saudabayev on Thursday Senator Richard Lugar said that the United States would grant Kazakhstan $64 million within the framework of the Nunn-Lugar Program, Kazinform reports…
Kazinform: US, Kazakhstan continue joint cooperation on non-proliferation
US Senator Richard Lugar staying on a two-day visit to Kazakhstan is expected to have meetings at the local ministries in order to discuss cooperation in the energy sphere and implementation of the “Cooperative Threat Reduction” (CTR) Program, Kazinform reports…
Reuters: RLPC-KazMunaiGas signs $3.1 bln loan for Rompetrol buy
KazMunaiGas KMG.UL RDGZ.KZ, Kazakhstan’s national oil and gas company, has signed a $3.1 billion, 364-day syndicated bridge loan to fund its purchase of Romania’s second-largest oil company Rompetrol, bookrunners ABN AMRO, Calyon and Credit Suisse announced on Thursday…
The Islamic Finance News has awarded BTA’s USD 250 mln Syndicated Wakalah Facility in “Best Deal of the Year 2007: Kazakhstan” nomination…
Reuters: New report provides data for all the major oil and gas exploration blocks in Kazakhstan
Global Market Direct’s Kazakhstan Oil and Gas Assets Report is a comprehensive source for top level data on the major oil and gas assets for Kazakhstan. The report contains in-depth coverage of crude oil and natural gas assets’ exploration, production and reserves data…
Transmeridian Exploration Incorporated (AMEX:TMY) today provided preliminary fourth quarter production and sales figures. For the three months ended December 31, 2007, the company reported revenues of approximately $11.2 million, as compared to revenues of $8.9 million for the three months ended December 31, 2006…
Mineweb: Central Asia secures mining licence approval for Kazakhstan gold prospect
Central Asia Resources Limited’s subsidiary Buguty-Palm LLP has received approval from the Kazakhstan government for the commercial discovery application on its Uenke Bulak gold project at Boguty in Kazakhstan…
International Journalists’ Network: Seventh annual Eurasian Media Forum announced
The annual Eurasian Media Forum will take place this year in Almaty, Kazakhstan from April 24-26. The purpose of the forum is to determine Eurasia’s strategic role in world affairs and how this factors into news coverage…
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