Archive for February 18th, 2008
News Roundup - February 18, 2008
An Astana court has ordered the independent newspaper “Law and Justice” to be closed, alleging that errors were made when the newspaper was registered…
Reuters: Abu Dhabi’s IPIC Kazakh project to cost $5 bln
A petrochemical project that Abu Dhabi government-owned IPIC plans to develop in Kazakhstan will cost at least $5 billion, an IPIC official said on Sunday…
Financial Times: QVT backed in UniCredit fight
QVT Financial, the US hedge fund, has been joined in its fight to force UniCredit to pay more for its takeover of a Kazakhstan bank by Artradis, one of Singapore’s biggest hedge funds…
Rigzone: Eni, BG group-led Kazakhstan oil, gas consortium fined $7.45M
The Urals Specialized Inter-district Economic Court in western Kazakhstan has fined Karachaganak Petroleum Operating, an international consortium operating the Karachaganak field, around 7.45 mln usd for environmental damage, Interfax reported…
Currently, we produce nearly 70mln tons of oil and I believe that in the near future, we will increase the production up to 100mln tons or more. It is important for us to participate in the world processes as well…
TREND: UN economist expresses optimism in Kazakhstan’s economy prospects this year
The current problems in Kazakhstan’s economy are significantly provoked by the global upheavals in the world finance market, Economic expert of UNDP, Ben Sly, briefed the media in Astana…
The Financial Times: Kazakhstan to take back resources
Kazakhstan will this year nationalise all natural resource projects where investors have breached contracts, Karim Massimov, prime minister, said on Thursday. Mr Massimov also said no new natural resource contracts would be negotiated until a new tax code enabling the government to squeeze more revenues out of oil and gas investors was finalised this autumn…
the FINANCIAL: BTA building up in the CIS and Non-CIS countries in 2007
In 2007 Bank TuranAlem JSC (BTA) came off with the development of all lines of its activities and continued efforts to reinforce its standing on the financial markets of Kazakhstan, CIS and world…
West Siberian and Alliance Group today signed an agreement to create a leading independent, fully integrated oil company operating in Russia and Kazakhstan, listed on the OMX Nordic Exchange Stockholm…
Hemscott: Roxi Petroleum says not aware of new factors for recent drop in cos share price
Roxi Petroleum PLC said it has noted the recent fall in its share price, but is not aware of any new factors that would have had such an effect. At 1.14 pm, Roxi’s shares were down 1-1/2 pence to 21-1/2…
Red Orbit: Kazakhstan suspends fuel oil exports to Kyrgyzstan
A shortage of Kazakhstan’s energy resources is the reason behind the suspension of fuel oil supplies to Kyrgyzstan, the press service of Elektricheskiye Stantsii [Electric Stations] open joint-stock company has told the Regnum news agency correspondent…
Kazinform: Kazakhstan’s OSCE presidency to be unique: OSCE/ODIHR Director
“Presidency of Kazakhstan over the OSCE in 2010 will become a unique one,” Christian Shtrokhal said. According to him, Kazakhstan is able to make a considerable contribution to modernization of the organization…
Kazinform: Kazakhstan’s investment image discussed in Astana
A regular session of a working group of the Foreign Investors’ Council under the President of Kazakhstan on the issues of promotion of the investment image of the country took place in Astana, Kazinform refers to the Kazakh MFA’s press service…
A top European Union official said Friday that Turkey was fully committed to an EU and U.S.-backed project to build a natural gas pipeline from the Caspian Sea region to Europe, and that the venture was now closer to becoming a reality…
Neweurasia.net: American priorities in Central Asia
The Americans attribute great significance to this country (especially after Niyazov’s death) as evidenced by the frequency with which the U.S. diplomats visit Ashgabat. The recent nomination of Steven Mann as the Coordinator of Eurasian Energy Diplomacy is also very meaningful…
