Archive for March 12th, 2008
News Roundup - March 12, 2008
Financial Times: Central Asian gas prices set to rise in 2009
Russia’s Gazprom announced on Tuesday that natural gas producers in Central Asia want to sharply raise export prices to ”European” levels starting in 2009, in a move that could complicate already tense energy negotiations between Kiev and Moscow and lead to higher prices for European consumers…
International Herald Tribune: Gazprom to buy Central Asian gas at ‘European prices’
Former Soviet Central Asian countries will begin selling natural gas at European levels next year, Russia’s state-controlled monopoly said Tuesday, which could result in markedly higher prices for European consumers…
Reuters: Central Asia gas prices at Euro levels from ‘09 - Gazprom
Russian gas export monopoly Gazprom said on Tuesday gas prices from Uzbekistan, Kazakhstan and Turkmenistan will be at European levels from 2009…
Financial Times: Kazakh miner set to blast into the FTSE 100
Eurasian Natural Resources Corporation is set to make a dramatic entry into the top third of the FTSE 100 this week just three months after the Kazakh mining group listed in London, in spite of having a free float of less than 25 per cent…
Eurasia Insight: The emerging middle class thinks money, not democracy
Conventional political wisdom holds that a growing middle class in any given state is often a harbinger of an expansion of civil society, as those with property seek the means to defend it from arbitrary state action. This principle has yet to manifest itself in Kazakhstan…
BBC News: Kazakhstan’s search for its identity
In the early 1980s, Kazakhstan was among the first Soviet republics to experience the exhilarating rush of nationalism. It later swept through the whole of the Soviet Union, bringing thousands into the streets in demand for independence…
TREND: ExxonMobil opposes forceful unveiling of information on PSA
The largest American oil company ExxonMobil and its affiliated companies support the aggregated unveiling of information about payments of all companies operating in Kazakhstan, the ExxonMobil Kazakhstan Director General Steven Rose said…
Guardian Unlimited: Kazakhstan confirms no limits on grain exports
Kazakhstan confirmed on Tuesday it would not limit grain exports following a deal with local producers and traders to ensure at least 1.2 million tonnes of wheat are supplied to the domestic market at fixed prices…
Itar-Tass: Russia finance minister meets with Kazakh counterpart in Astana
Russian Deputy Prime Minister, Finance Minister Alexei Kudrin met with his Kazakh counterpart Bolat Zhamishev in Astana on Tuesday. During the meeting, he urged to intensify cooperation of Russia and Kazakhstan in the bank sphere…
Reuters: Stake in major Kazakh TV channel to be sold
A 50 percent stake in Kazakhstan’s largest TV channel, Khabar, will be sold on the stock market on March 14, the Kazakh Stock Exchange said on Tuesday, but it did not name the seller…
Kazinform: 2nd Central Asian investment conference to take place
2nd Central Asian investment conference “Financing Sustainable Economic Development of Kazakhstan: Problems, Perspectives, Opportunities” will take place on March 27-28 in Almaty…
Interfax: Petrolinvest may merge two Kazakh firms, float new unit in London
Polish oil company Petrolinvest plans to consolidate two engineering and servicing companies that it took over in Kazakhstan earlier this year, Caspian Services (CS) and KazakhstanCaspiShelf (KCS), and possibly float the newly-established unit on the London Stock Exchange…
Rigzone: Petrolinvest targets production of 5,000 to 10,000 bbl/d in 2009
Polish oil exploration venture Petrolinvest expects to produce between 5,000-10,000 barrels per day by the start of 2009 from two concessions it bought last year in Kazakhstan, its chief executive told daily Dziennik…
Reuters: Petrolinvest up 11 pct on reported Templeton buy
Shares in Polish upstream oil group Petrolinvest PROL.WA jumped 11 percent on Tuesday after a local business tabloid reported that U.S.-based asset management firm Franklin Templeton bought a stake in a recent share issue…
Interfax: Kazakhstan Mortgage Company lists its shares on RFCA
Common shares of state-owned Kazakhstan Mortgage Company (KMC) have been listed on the Regional Financial Center in Almaty (RFCA) in “?” listing…
Interfax: Premier promises monopolists’ tariffs will not soar in 2008
The growth of tariffs for monopolists’ services will contribute to 1.5% maximum in the inflation rate forecasted for 2008. A Tuesday government session has approved relevant suggestions of the Agency for Regulation of Natural Monopolies (Antimonopoly Agency)…
Neweurasia.net: ENRC sues Brussels
Eurasian Natural Resources Corporation (ENRC) is set to make a dramatic entry into the top third of the FTSE 100 as its shares have risen more than 80 per cent since they got listed in December 2007…
Lockheed Martin [NYSE:LMT] recently received a $15.5 million contract from Kazaeronavigatsia, a state-owned air navigation service provider, to deploy a SkyLine® air traffic management system at an area control center in Aktobe, Kazakhstan…
Radio Free Europe / Radio Liberty: Uzbek, Turkmen leaders pursue better relations
The presidents of Uzbekistan and Turkmenistan are hailing their improved ties following a rare visit to Tashkent this week by President Gurbanguly Berdymukhammedov of Turkmenistan…
