Archive for June 6th, 2008
Kashagan, Kazakhstan’s jewel
Kazakhstan’s offshore Kashagan Caspian Sea field, discovered in 2000, is the largest oil field uncovered in the last 30 years, with potential reserves estimated to be as high as 70 billion barrels.
News Roundup - June 6, 2008
energy:
(UPI) - Kazakhstan’s offshore Kashagan Caspian Sea field, discovered in 2000, is the largest oil field uncovered in the last 30 years, with potential reserves estimated to be as high as 70 billion barrels.
EBRD says dialogue key to sharing Kazakh oil riches
(Reuters) - Kazakhstan and Western firms tapping its oil riches need to find ways of sharing windfall revenues generated by soaring oil prices, the head of the European Bank for Reconstruction and Development said.
Kazakhstan starts construction of South Caspian pipeline (Kazinform)
Tengizchevroil paid out over $20 bln to Kazakhstan’s budget: Nazarbayev (Kazinform)
Kazakh President launched capacity expansion projects in Tengiz deposit (Kazinform)
General Prosecutor accuses Energy Ministry of subsoil use law violations (Interfax)
Intensification of fuel and energy complex discussed in Almaty (Kazinform)
mineral resources:
Alhambra increases proven and probable reserves by 16% at its 100% owned Uzboy heap leach mine (Canada Newswire/Trading Markets)
business and economy:
Kazakh commercial real estate defies downward trend
(Business New Europe/Silk Road Intelligencer) - Investors and developers in Kazakhstan are turning to commercial real estate where significant unmet demand is keeping prices high as the country battles a residential housing crisis.
EBRD granted Kazakhstan USD 400 mln syndicated loan
(Kazinform) - KEGOC Kazakhstan Electricity Grid Operating Company and the European Bank for Reconstruction and Development have concluded a loan agreement to the amount of USD 400 mln today in Atyrau.
EBRD to raise investments to Kazakhstan: J. Lemierre (Kazinform)
Eurasian Development Bank seeks $125m syndicated loan
(Reuters) - Eurasian Development Bank has mandated ING, RZB, SMBC and WestLB to arrange a $125 million, two-year syndicated loan, a banking source said on Thursday.
Prices for products of Kazakh industrial companies rose 8.8% in May – statistics (Interfax)
Kazakh AIC, Intel Technologies, Inc signed agreement on cooperation (Kazinform)
National Bank of Kazakhstan: Exchange rates June 6, 2008 (Kazinform)
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
politics:
Despite world credit crunch, social project financing remains a priority – president (Interfax)
society:
Over three thousand of foreign citizens are detained in Almaty for three days (Kazakhstan Today/Gazeta.kz)
New emblem and flag of Astana approved (Kazinform)
regional news:
Caspian pipeline projects resemble Gordian knot
(RFE/RL) - Since the mid-1990s, leaders of the Caspian Sea littoral states — Azerbaijan, Russia, Kazakhstan, Turkmenistan, and Iran — have repeatedly said that the sea should never become a point of contention between them or a reason for conflict in the international community.
East Asian states strive to raise their economic profile in Central Asia
(EurasiaNet) - A rivalry among East Asian states is intensifying over access to Central Asian energy. China to this point has been the clear leader among East Asian states in Central Asia. But Japan, South Korea and Malaysia are stepping up efforts to attract the attention of Central Asian energy suppliers.
Kazakh commercial real estate defies downward trend
Kazakhstan was the hardest hit in the region by the global credit crunch and residential real estate prices are still drifting downwards as pundits become increasingly pessimistic about the prospects for a recovery anytime soon. So investors and developers are instead turning to commercial real estate where significant unmet demand is keeping prices high.
Society Roundup - June 6, 2008
Over three thousand of foreign citizens are detained in Almaty for three days (Kazakhstan Today/Gazeta.kz)
New emblem and flag of Astana approved (Kazinform)
Regional News Roundup - June 6, 2008
Caspian pipeline projects resemble Gordian knot
(RFE/RL) - Since the mid-1990s, leaders of the Caspian Sea littoral states — Azerbaijan, Russia, Kazakhstan, Turkmenistan, and Iran — have repeatedly said that the sea should never become a point of contention between them or a reason for conflict in the international community.
East Asian states strive to raise their economic profile in Central Asia
(EurasiaNet) - A rivalry among East Asian states is intensifying over access to Central Asian energy. China to this point has been the clear leader among East Asian states in Central Asia. But Japan, South Korea and Malaysia are stepping up efforts to attract the attention of Central Asian energy suppliers.
Business and Economy - June 6, 2008
EBRD granted Kazakhstan USD 400 mln syndicated loan
(Kazinform) - KEGOC Kazakhstan Electricity Grid Operating Company and the European Bank for Reconstruction and Development have concluded a loan agreement to the amount of USD 400 mln today in Atyrau.
EBRD to raise investments to Kazakhstan: J. Lemierre (Kazinform)
Eurasian Development Bank seeks $125m syndicated loan
(Reuters) - Eurasian Development Bank has mandated ING, RZB, SMBC and WestLB to arrange a $125 million, two-year syndicated loan, a banking source said on Thursday.
Prices for products of Kazakh industrial companies rose 8.8% in May – statistics (Interfax)
Kazakh AIC, Intel Technologies, Inc signed agreement on cooperation (Kazinform)
National Bank of Kazakhstan: Exchange rates June 6, 2008 (Kazinform)
Indicators - June 5, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
Energy Roundup - June 6, 2008
EBRD says dialogue key to sharing Kazakh oil riches
(Reuters) - Kazakhstan and Western firms tapping its oil riches need to find ways of sharing windfall revenues generated by soaring oil prices, the head of the European Bank for Reconstruction and Development said.
Kazakhstan starts construction of South Caspian pipeline (Kazinform)
Tengizchevroil paid out over $20 bln to Kazakhstan’s budget: Nazarbayev (Kazinform)
Kazakh President launched capacity expansion projects in Tengiz deposit (Kazinform)
General Prosecutor accuses Energy Ministry of subsoil use law violations (Interfax)
Intensification of fuel and energy complex discussed in Almaty (Kazinform)
