Archive for February 1st, 2008
News Roundup - February 1, 2008
Reuters: Kazakhstan’s Karachaganak gas output up in 2007
Natural gas production at one of Kazakhstan’s biggest onshore oilfields, Karachaganak, rose to 14.2 billion cubic metres last year, a senior Kazakh energy official said, compared with 11.9 billion a year earlier…
Kazinfrom: UAE interested in creation of mortgage bank in Kazakhstan
“The United Arab Emirates considers possibility for creation of mortgage bank in Kazakhstan”, Finance Minister of Kazakhstan Bolat Zhamishev told at the Kazakh Government’s session regarding cooperation development with the UAE…
Daily Telegraph: ‘Sexy times’ over in Kazakhstan
If you thought property prices in Sydney were underperforming, spare a thought for Borat and his compatriots in the Central Asian nation of Kazakhstan. The fictional journalist’s homeland is in the midst of an economic crisis, sparking fears inflated property will crash…
Mineweb: Central Asia releases quarterly report on Kazakhstan gold projects
Central Asia Resources Limited owns 60% of Golden Eagle Investment Resources Limited which has interests in the Buguty-Palm JV and Altyn-Tas JV in Kazakhstan…
Yahoo! Finance: Transmeridian Exploration extends time for acquirer to meet financing condition
Transmeridian Exploration Incorporated today announced that it has granted a time extension for satisfaction of the financing condition contained in its agreement to be acquired by Trans Meridian International, Inc., a British Virgin Islands company formed by the company’s Chairman and Chief Executive Officer, Lorrie T. Olivier…
Trading Markets: Aluminium smelter, steel plant planned for Kazakhstan
Kazakhstan plans to build a new aluminum smelter and, separately, a US$1.2 billion steel plant, senior industry officials said last week…
Trading Markets: Kazakhstan to expand gold mining, processing in Kazakhstan
Hambledon Mining Plc of the U.K., listed on London’s alternative stock exchange, will see its operations at the Sekisovskoye gold mine and Ognevka processing plant in the east of Kazakhstan come on stream as of February 1 this year…
Kazinform: Kazakhstan produced 16.7 mln tons of oil in 2007
“Consolidated crude oil and condensate output of Kazakhstan following the results of 2007 made 16.7 mln tons that is 29.5 % more against 2006 figures,” “KazMunaiGaz” CEO Uzakbai Karabalin told at today’s broadened meeting of “Samruk” Holding…
Kazinform: KazMunaiGaz negotiates acquisition of Mangystaumunaigaz assets
“KazMunaiGaz” holds negotiations on acquisition of Mangystaumunaigaz assets, including the Pavlodar oil-processing plant,” company’s CEO Uzakbai Karabalin told at today’s broadened meeting of “Samruk” State Assets Management Holding…
Kazinfrom: “KazMunaiGaz” interested in Urikhtau deposit, Karabalin
“KazMunaiGaz” is interested in “Urihktau” deposit,” company’s CEO Uzakbai Karabalin told at today’s broadened meeting of “Samruk” Holding…
Kazinfrom: US, Kazakhstan to adopt new plan on military-technical coop
Kazakhstan and the US will adopt a new plan on military-technical cooperation designed for the period of 2008-2012. Mitchell Shivers, Deputy Assistant Secretary of Defense, Central Asia Affairs, made it public during the meeting with Kazakhstan’s Secretary of State Kanat Saudabayev…
Guardian Unlimited: KazMunaiGas criticises oil export duty proposal
Kazakh state energy company KazMunaiGas on Thursday criticised the government’s proposal to impose a crude export duty from next year, with a senior official calling the measure unfair…
Reuters: Kazakh state oil company’s 2007 income, output rise
Kazakh state energy company KazMunaiGas reported a 3.5 percent rise in 2007 net income on Thursday and a 30-percent jump in crude output due to acquisitions of new production assets…
The Kazakh Caspian Oil Transportation System represents a prospective direction, Uzakbay Karablin, the President of the Kazakh National Company KazMunayGas, said in Astana…
Asia Pulse: Kazakhstan lacks infrastructure to export cereals
Kazakhstan could earn up to US$3 billion from the exportation of cereals and flour if the government would purchase another 2,000 train wagons to transport them to the shipping terminals on the Black Sea and the Caspian Sea…
Asia Property Report: Kazakh property to plummet
Statistics are tempting. Though expecting something in the order of seven per cent economic growth over 2007 rather than the 10 per cent plus average over the past decade, the Kazakh government remains upbeat over the country´s economic future…
Hemscott: RFL Roxi Petroleum shares resume trading on AIM
Roxi Petroleum PLC said suspension on the trading of its shares on the AIM market has been lifted after the publication of its admission document and circular for the proposed acquisition of 59 pct of Eragon Petroleum…
MarketWire: Tethys Petroleum Limited: First gas revenue received
Tethys Petroleum Limited today announced that it has received its first payment for commercial gas sales…
Forbes: Tau Capital end-2007 NAV per share 0.96 usd
Tau Capital PLC reported a net asset value of 0.96 usd per share as on Dec 31 and said it still has a positive long-term view on the potential of the Kazakhstan and Central Asia investment environment…
Bloomberg: Dentist leading Turkmenistan solicits foreigners for gas, oil
President Gurbanguly Berdymukhammedov, Niyazov’s former personal dentist, is breaking the isolation of his predecessor, who restricted travel, blocked the Internet and scared off investment…
New York Times: After mining deal, financier donated to Clinton
Unlike more established competitors, Mr. Giustra was a newcomer to uranium mining in Kazakhstan, a former Soviet republic. But what his fledgling company lacked in experience, it made up for in connections…
The Huffington Post: NYT’s interest in Kazakhstan deal
Today Van Natta and Jo Becker’s story on Bill Clinton and the Kazakhstan nuclear fuels industry was published on the front page of the New York Times, the day of the last Democratic debate before Super Tuesday…
