Archive for June 3rd, 2008
Energy Roundup - June 4, 2008
Kazakhstan wants parliament to ratify oil deals
(Reuters) - Oil and mining companies operating in Kazakhstan will have to obtain special permission from parliament if they want to avoid paying new taxes and export duties next year, Prime Minister Karim Masimov said on Tuesday.
Caspian oil pipeline reports first ever profit
(Reuters) - The Caspian Pipeline Consortium (CTC), pumping oil from Kazakhstan to Russia’s Black Sea coast, reported on Tuesday it had recorded its first ever net profit in 2007 of $423 million after raising shipping fees.
Kazakhstan ups oil production 5.7%, gas 12% in 5 months
(Interfax) - Kazakhstan increased oil and gas condensate production 5.7% year-on-year in the first five months of 2008 to 29.65 million tonnes. Condensate production fell, by 6.9% to 2.714 million tonnes.
Kazakh nuclear company seeks $3 bln Japan insurance
(Reuters) - Kazakh uranium company Kazatomprom is seeking a $3 billion credit insurance facility from a Japanese company to fund development, Kazatomprom CEO Mukhtar Dzhakishev said on Tuesday.
BMB Munai: Cheapest oil producer in Kazakhstan
(Seeking Alpha) - I currently own shares in a number of Kazak and Russian oil and gas producers and I have recently increased my position in BMB Munai, which I think by most metrics is the cheapest oil producer in Kazakhstan.
Kazakh energy company not to suffer from ban on oil exports
(BBC Monitoring Central Asia/redOrbit) - Imposing a ban on the export of oil products will not affect the profitability of KazMunaiGas, the chairman of the board of Samruk Holding, Kanat Bozumbayev, said today during a meeting with members of the parliament’s Senate.
Kazakh Premier instructs to nationalize oil company
(BBC Monitoring Central Asia/redOrbit) - At a government conference call held on 2 June, Kazakh Prime Minister Karim Masimov asked the heads of the Ministry of Energy and Mineral Resources, Samruk Holding and KazMunaiGas to buy Mangystaumunaigas’ controlling package of shares for state ownership in the shortest period of time.
Karachaganak Petroleum cleared to continue exports on CPC
(Interfax/redOrbit) - Karachaganak Petroleum Operating (KPO) has received permission from customs officials in Atyrau region to export oil on the Caspian Pipeline Consortium (CPC) pipeline.
Cameco and Kazatomprom progress toward conversion plant (marketwire/CNN Money)
Kazakh mine collapse traps 5 workers
Rescuers raced against time to save five workers trapped in a Kazakhstan coal mine after an accident Monday, officials said.
The Emergency Situations Ministry said 95 other workers were safely evacuated after a sudden discharge of methane caused a collapse at a mine owned by steel giant ArcelorMittal in central Kazakhstan’s Karaganda region.
News Roundup - June 3, 2008
energy:
Kazakhstan sees new Kashagan deal by June 30
(Reuters) - Kazakhstan is in talks with a group of Western oil majors over the cost structure of the giant Kashagan oilfield and hopes to clinch the final deal by the end of this month, Energy Minister Sauat Mynbayev said on Monday.
Kazakhstan’s government to regain control over key oil producer
(RIA Novosti) - Kazakhstan’s government will regain a controlling stake in national oil and gas producer MangistauMunaiGas, sold to Indonesia’s largest energy company Medco nine years ago.
TengizChevrOil, Karachaganak Petroleum see tax looming
(New Europe) - Following record-breaking world oil prices, the Kazakh authorities are trying to balance the economic interests of the state by cancelling the existing privileges for energy majors pumping oil in the Central Asian republic.
AES sold its Kazakhstan coal assets
(UPI) - U.S. company AES Corp. sold its interest in the AES Ekibastuz power plant in Kazakhstan.
CITIC Resources to lift Kazakh oil output
(The Standard) - CITIC Resources Holdings, a unit of state-owned CITIC Group, said yesterday it aims to boost production of crude oil by 13 percent from its field in Kazakhstan this year.
Three oil refineries to be built in Kazakh North (BBC Monitoring Central Asia/redOrbit)
Alhambra Resources Ltd. - Financial and operating results for first quarter ending March 31, 2008 (Yahoo! Finance)
mineral resources:
Five miners feared dead in Kazakhstan
(Reuters) - At least five coal miners were feared dead in Kazakhstan on Monday following an accident at an ArcelorMittal mine, the company said.
Kazakh mine collapse caused by natural factors – commission’s early report (Interfax)
Arcelor - Statement Concerning Accident in Kazakhstan (La Societe/EDU Bourse)
Mining and chemical industries report 40% of obsolete equipment (Interfax)
business and economy:
Samruk revenues made 18% of Kazakhstan’s GDP: K.Bozumbayev
(Kazinform) - The Senate of Kazakh Parliament met with the Samruk Holding JSC leadership, Kazinform reports.
Ecology Minister defined main directions of environmental code reforming
(Kazinform) - Environmental Protection Minister of Kazakhstan Nurlan Iskakov has defined today main directions of the country’s environmental code reforming, Kazinform reports.
Russian rail chief discusses joint projects with Kazakh leader
(RIA Novosti) - The head of Russian Railways met with the president of Kazakhstan to discuss joint rail projects, the president’s press service said on Monday.
National Bank of Kazakhstan: Exchange rates June 3, 2008 (Kazinform)
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
politics:
Kazakh and European experts discussed issues of local governing in Kazakhstan (Kazinform)
US Ambassador, Kazakh Labor Minister met (Kazinform)
society:
(Newsday) - Review: Apples Are from Kazakhstan: The Land That Disappeared, by Christopher Robbins. Atlas & Co., 304 pp., $24.
Business and Economy Roundup - June 3, 2008
Samruk revenues made 18% of Kazakhstan’s GDP: K.Bozumbayev
(Kazinform) - The Senate of Kazakh Parliament met with the Samruk Holding JSC leadership, Kazinform reports.
Ecology Minister defined main directions of environmental code reforming
(Kazinform) - Environmental Protection Minister of Kazakhstan Nurlan Iskakov has defined today main directions of the country’s environmental code reforming, Kazinform reports.
Russian rail chief discusses joint projects with Kazakh leader
(RIA Novosti) - The head of Russian Railways met with the president of Kazakhstan to discuss joint rail projects, the president’s press service said on Monday.
National Bank of Kazakhstan: Exchange rates June 3, 2008 (Kazinform)
Indicators - June 2, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
Mineral Resources Roundup - June 3, 2008
Five miners feared dead in Kazakhstan
(Reuters) - At least five coal miners were feared dead in Kazakhstan on Monday following an accident at an ArcelorMittal mine, the company said.
Kazakh mine collapse caused by natural factors – commission’s early report (Interfax)
Arcelor - Statement Concerning Accident in Kazakhstan (La Societe/EDU Bourse)
Mining and chemical industries report 40% of obsolete equipment (Interfax)
Energy Roundup - June 3, 2008
Kazakhstan sees new Kashagan deal by June 30
(Reuters) - Kazakhstan is in talks with a group of Western oil majors over the cost structure of the giant Kashagan oilfield and hopes to clinch the final deal by the end of this month, Energy Minister Sauat Mynbayev said on Monday.
Kazakhstan’s government to regain control over key oil producer
(RIA Novosti) - Kazakhstan’s government will regain a controlling stake in national oil and gas producer MangistauMunaiGas, sold to Indonesia’s largest energy company Medco nine years ago.
TengizChevrOil, Karachaganak Petroleum see tax looming
(New Europe) - Following record-breaking world oil prices, the Kazakh authorities are trying to balance the economic interests of the state by cancelling the existing privileges for energy majors pumping oil in the Central Asian republic.
AES sold its Kazakhstan coal assets
(UPI) - U.S. company AES Corp. sold its interest in the AES Ekibastuz power plant in Kazakhstan.
CITIC Resources to lift Kazakh oil output
(The Standard) - CITIC Resources Holdings, a unit of state-owned CITIC Group, said yesterday it aims to boost production of crude oil by 13 percent from its field in Kazakhstan this year.
Three oil refineries to be built in Kazakh North (BBC Monitoring Central Asia/redOrbit)
Alhambra Resources Ltd. - Financial and operating results for first quarter ending March 31, 2008 (Yahoo! Finance)
