news roundup

News Roundup - May 14, 2008

energy:

Kashagan output delay may be until 2015 - report

(Thomson Financial/Forbes) - The start of production at the Kashagan oil field in the Caspian may be delayed to 2015, daily Il Sole 24 Ore reported, citing unidentified Italian sources…

Re-postponing development of Kashagan field to toughen legislation of Kazakhstan: Expert

(TREND) - The disputes around re-postponing the dates of oil production on Kashagan field twice led to serious changes to the Republic’s oil legislation, a consultant of a foreign company, who wants to remain anonymous, reported to Trend Capital Special Correspondent…

Odessa-Brody oil line reversal nears completion

(Oil & Gas Journal) - The Odessa-Brody oil pipeline will start carrying light crude oil in its originally-planned direction from the Caspian Sea toward Europe this summer, according to a senior Ukrainian official…

KEPCO, Samsung in $4.5 bln Kazakhstan power project

(Reuters) - South Korean utility Korea Electric Power Corp and building group Samsung Corp have secured a preliminary $4.5 billion deal to build a power plant in Kazakhstan, a source close to the matter said…

Petrolinvest allowed to take over Kazakh oil companies (Warsaw Business Journal)

Caspian Energy Q1 production up to 461 bopd from 181, swings to net profit (Thomson Financial/Forbes)

mineral resources:

Eurasian Natural Resources won’t bid for Kazakhmys

(Bloomberg) — Eurasian Natural Resources Corp., the Kazakh producer of ferrochrome and iron ore, won’t bid for rival mining company Kazakhmys Plc two months after saying it may make an offer…

business and economy:

Kazakhstan plans to simplify complex trading rules

(Reuters) - Kazakhstan announced plans on Tuesday to simplify by next year its customs regulations, which have been criticised by domestic producers and labelled by the World Bank as the world’s most complicated…

Kazakhstan’s Jan-April industrial growth slows

(Reuters) - Kazakh industrial growth slowed in the first 4 months of 2008 as copper, steel and iron ore output shrank in key industrial regions and oil production registered a decline in April, official data showed on Tuesday…

New KASE listing rules to come into force on June 1

(Interfax) - The State Agency for Regulation of Operations by the Regional Financial Center of Almaty (RFCA) has drafted new listing rules for the Kazakhstan Stock Exchange (KASE)…

Kazakh government sets up National Medical Holding

(Interfax) - The Kazakh government has announced establishing of the National Medical Holding in Astana…

Kazakhstan, Tajikistan sealed economic cooperation program (Interfax)

Kazakhstan ready to participate in construction of “Rogunskaya” Power Station in Tajikistan (Kazinform)

Government adopted Action Plan on reduction of administrative barriers for foreign economic activity’s participants (Kazinform)

Indicators - May 13, 2008

(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges…

society:

Kazakh or ethnic Kazakh?

(neweurasia.net) - Being part of the Kazakh diaspora of Kazakhs that had emigrated from Western China (Xinjiang province) to Turkey in the 1950s, I was born and raised in the Western hemisphere. However, like most of the Kazakhs of the diaspora, I was also raised in a small community of Kazakhs, learning the language and certain cultural aspects (which have been blurred by Turkish customs as well)…

An introduction to equine cuisine on the steppes of Kazakhstan (New Zealand Herald)

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