news roundup
News Roundup - January 30, 2008
CNN Money: Chevron: Tengiz oil expansion starts up with 90,000 B/D
U.S. oil major Chevron Corp. (CVX) said Tuesday its $6 billion expansion project in Kazakhstan is pumping 90,000 barrels a day and is expected to hit full capacity later this year…
Reuters: Chevron says starts Tengiz field expansion
Chevron Corp said on Tuesday its affiliate Tengizchevroil LLP has launched the first phase of expansion at the Tengiz oilfield in Kazakhstan…
Financial Times: Kookmin eyes Kazakh bank stake
South Korea’s Kookmin Bank on Tuesday said it is in talks with CenterCredit to buy a stake in the Kazakh bank in an effort to gain a foothold in central Asia…
Reuters: Kazakh watchdog says not aware of Kookmin deal
Kazakhstan’s state financial watchdog, a body supervising banking mergers, said on Tuesday South Korea’s Kookmin Bank had not approached it about buying a stake in a mid-size Kazakh bank…
Reuters: Kazakhstan may impose oil export duty
Kazakhstan may impose a duty on exports of crude and oil products from 2009, the energy minister said on Tuesday, a step likely to alarm Western oil companies and hinder its bid to join the World Trade Organisation…
CNN Money: Kazakh government: Seeks customs duties on crude, oil products
Oil-rich Kazakhstan seeks to impose customs duties on exports of crude oil and oil products by next year, Kazakh Energy Minister Sauat Mynbayev said Tuesday…
The Prime Minister of the republic of Kazkahstan, Karim Massimov, asked to fasten “MangistauMunaiGas” shares purchase from a side of JSC “NC KMG”. Such order was given by him today during a meeting of the government…
Kazinform: Uzbek gas back to Kazakhs
Uzbekistan resumed full supplies of natural gas to Kazakhstan’s south after “emergency negotiations,” state-owned KazTransGaz said Monday…
Budapest Business Journal: Heavy blow on Nabucco - analysis
South Stream likely to force other gas suppliers out of European market. Russian President Vladimir Putin’s visiting Sofia and signing agreement with Bulgaria on construction of South Stream gas pipeline that will deliver natural gas of Central Asia to Europe gave echo. The European Union persists with Nabucco…
Reuters: Kazakh Alliance Bank unaudited 2007 profit up
Kazakhstan’s Alliance Bank said on Tuesday its unaudited 2007 net profit rose to 37.2 billion tenge compared to 13.3 billion tenge in 2006…
Neweurasia.net: Training in Karaganda
Last Saturday I held a training session on blogging and new media in Karaganda, the largest city in Kazakhstan after Almaty, also called a “capital of coal miners”. This city is famous for the high level of educational capacity…
Kazinform: Kazakhstan to hold a number of large international events in 2008: MFA
Kazakhstan will host a number of large international events in 2008.Foreign Affairs Minister of Kazakhstan Marat Tazhin has made it public today at the enlarged session of the Ministry’s collegium with the participation of Prime Minister of Kazakhstan Karim Massimov…
EurasiaNet: US diplomats set their sights on Turkmenistan’s Berdymukhamedov
US policymakers believe that they can convince the new president of Turkmenistan, Gurbanguly Berdymukhamedov, to open up his country’s vast reserves of natural gas to American companies…
Gazprom has long been the bogeyman of European energy. Whenever a rival gas supplier announces a discovery or a rise in output, it fosters hopes that the Russian group’s chokehold may be on the point of loosening. But the reality is that Gazprom’s position is not that fragile…
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