News Roundup - February 27, 2008

RIA Novosti: Kazakhstan to up natural gas output 280% by 2020 to 114 bln cu m

Kazakhstan intends to increase natural gas production from 29.6 billion cubic meters in 2007 to 114 bln cu m in 2020, the president of national oil and gas company KazMunaiGaz said Tuesday…

TREND: Prime Minister agrees on transfer of gas filed in north of Kazakhstan to national company

The transference of the gas field Urikhtau to KazMunayGas should be implemented within a month. This decision was made by Karim Masimov, the Prime Minister, during the meeting…

Interfax: Kazakhstan embarks on construction of Europe-China highway corridor

The Minister of Transport and Communications announced the completion of the feasibility study for the Western Europe-Western China corridor…

Interfax: German journalist attacked in Astana leaves hospital

39-year old Marcus Bensmann of the German ARD channel beaten and robbed in Astana in January has checked out of a hospital in Germany, a relative of the victim told Interfax-Kazakhstan…

newratings.com: Kazakhmys “outperform,” target price raised

Analyst J Gray of Credit Suisse maintains his “outperform” rating on Kazakhmys Plc. The target price has been raised from £20 to £22…

Reuters: Thousands homeless as severe flood hits Kazakhstan

More than 12,000 people have fled their homes in Kazakhstan after rain-swollen rivers swept away houses and bridges, the emergencies ministry said on Tuesday…

Financial Times: Wheat in demand as supply tightens

The restrictions on Kazakh wheat were seen as putting further upward pressure on demand for US supplies, particularly hard red spring wheat which is used for making flour…

Rigzone: New production facility commissioned at Kumkol field in Kazakhstan

Turgai Petroleum, a joint venture with the equal interests of LUKOIL Overseas and PetroKazakhstan (part of CNPC group) commissioned a new modular water injection pump station at the Kumkol field in the Kyzylorda Region of Kazakhstan…