Archive for June 13th, 2008
Energy Roundup - June 13, 2008
Arawak completes acquisition in Kazakhstan
(Oil and Gas Eurasia) - Arawak Energy completed the acquisition of Saigak Investments BV, a company that has a 40% participating interest in the Saigak field in Western Kazakhstan, from Vitol BV.
Arawak completes acquisition in Kazakhstan
Kazakh Premier urges speeding up of purchase of Mangistaumunaigas’ shares (BBC Monitoring Central Asia/redOrbit)
Zhaikmunai says well 51 at Chinarevskoye field flow tests at 1,134 bopd (Thomson Financial/Hemscott)
United Energy Group Limited to invest approximately US$215 million in Transmeridian Exploration Incorporated (Prime Newswire)
Energy cooperation to be broadened: Kazakh-French Strategic Treaty (Kazinform)
Mineral Resources Roundup - June 13, 2008
Central Asia Resources announces drilling results from Uenke Bulak (Mineweb)
Business and Economy Roundup - June 13, 2008
Billions required for road improvement each year: Kazakh minister
(Asia Pulse/Yahoo!) - An annual expense of at least 240 billion tenge (US$1.988 billion) is required to develop motor-roads in Kazakhstan, Minister of Transport and Communication Serik Akhmetov has said.
Abermed acquires majority holding in Kazanada
(The Herald) - Abermed, the industrial and occupational health specialist, has acquired a 65% share in Kazanada, a medical care company in Kazakhstan.
Asia Society’s 2nd International Business Conference is on in Astana (Kazinform)
RAM Holdings buys 15% stake in RFCA Rating Agency (Interfax)
Average monthly salary in Kazakhstan rises 17.2% in April year-on-year, down 1.6% in real terms (Interfax)
Kazakhstan, France likely to cooperate in banking sector (Interfax)
Confederation of Indian Industry delegation to visit Kazakhstan (Business Standard)
National Bank of Kazakhstan: Exchange rates June 13, 2008 (Kazinform)
Indicators - June 12, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
Politics Roundup - June 13, 2008
Practical dialogue between Kazakhstan and the US deepens as high ranking Kazakh officials visited Washington DC (Kazinform)
Kazakhstan: Imitation of struggle against corruption
(HULIQ) - Imitation of struggle against corruption – “know-how” of the Kazakh authorities in power-struggle and stealing of what left from huge
resources of Kazakhstan.
Kazakh deputies to visit Washington (Kazinform)
Society Roundup - June 13, 2008
The penitentiary system of Kazakhstan kills people, not corrects them
(HULIQ) - There are 73 prisons in Kazakhstan, including 17 colony-settlements. Most of the places of detention are overcrowded. The total number of the convinced in the Republic of Kazakhstan exceeds 56,000. In 2007 only the number of sentenced increased for 4,300.
Kazakhstan to introduce life sentence for drug-related crimes (Interfax)
Regional News Roundup - June 13, 2008
Central Asia: Child labor alive and thriving
(RFE/RL) - As World Day Against Child Labor is marked as part of continuing efforts to stamp out the practice around the globe, there are hundreds of thousands of underage children in Central Asia skipping school to work as unskilled laborers in cities or on farms.
Proposed regional grouping a non-starter
(IWPR) - Uzbek president Islam Karimov’s proposal to merge two associations of former Soviet states has come as a surprise to many observers, as his country has shown a distinct reluctance to be part of regional groupings.
Water squabbles irrigate tensions in Central Asia
(Reuters) - Central Asia is one of the world’s driest places where, thanks to 70 years of Soviet planning, thirsty crops such as cotton and grain remain the main livelihood for most of the 58 million people.
Oil chronicles: Winds of change
Despite high world oil prices, Kazakhstan has increased its hydrocarbon output in 2007 only slightly. The country increased its oil production by 2.2%, natural gas production by 10.8% and gas condensate production by 11.6% in 2007.
Stock indices: Fighting all winds
Summarising the development of the Kazakh stock market in 2007, we note that despite all “fluctuations” the total volume of operations on the Kazakh Stock (KASE), including the special trading floor of the Almaty Regional Financial Centre, grew by 90% to $322.5 billion, or by 85% to 39,505.6 billion tenge.
Capital idea for a present
What do you give a man who has everything, or at least the seemingly permanent presidency of a big Central Asian republic? You rename its capital in his honour, of course.
News Roundup - June 13, 2008
energy:
Arawak completes acquisition in Kazakhstan
(Oil and Gas Eurasia) - Arawak Energy completed the acquisition of Saigak Investments BV, a company that has a 40% participating interest in the Saigak field in Western Kazakhstan, from Vitol BV.
Kazakh Premier urges speeding up of purchase of Mangistaumunaigas’ shares (BBC Monitoring Central Asia/redOrbit)
Zhaikmunai says well 51 at Chinarevskoye field flow tests at 1,134 bopd (Thomson Financial/Hemscott)
United Energy Group Limited to invest approximately US$215 million in Transmeridian Exploration Incorporated (Prime Newswire)
Energy cooperation to be broadened: Kazakh-French Strategic Treaty (Kazinform)
mineral resources:
Central Asia Resources announces drilling results from Uenke Bulak (Mineweb)
business and economy:
Billions required for road improvement each year: Kazakh minister
(Asia Pulse/Yahoo!) - An annual expense of at least 240 billion tenge (US$1.988 billion) is required to develop motor-roads in Kazakhstan, Minister of Transport and Communication Serik Akhmetov has said.
Abermed acquires majority holding in Kazanada
(The Herald) - Abermed, the industrial and occupational health specialist, has acquired a 65% share in Kazanada, a medical care company in Kazakhstan.
Asia Society’s 2nd International Business Conference is on in Astana (Kazinform)
RAM Holdings buys 15% stake in RFCA Rating Agency (Interfax)
Average monthly salary in Kazakhstan rises 17.2% in April year-on-year, down 1.6% in real terms (Interfax)
Kazakhstan, France likely to cooperate in banking sector (Interfax)
Confederation of Indian Industry delegation to visit Kazakhstan (Business Standard)
National Bank of Kazakhstan: Exchange rates June 13, 2008 (Kazinform)
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
politics:
(The Economist) - Waht do you give a man who has everything, or at least the seemingly permanent presidency of a big Central Asian republic? You rename its capital in his honour, of course.
Kazakhstan: Imitation of struggle against corruption
(HULIQ) - Imitation of struggle against corruption – “know-how” of the Kazakh authorities in power-struggle and stealing of what left from huge
resources of Kazakhstan.
Kazakh deputies to visit Washington (Kazinform)
society:
The penitentiary system of Kazakhstan kills people, not corrects them
(HULIQ) - There are 73 prisons in Kazakhstan, including 17 colony-settlements. Most of the places of detention are overcrowded. The total number of the convinced in the Republic of Kazakhstan exceeds 56,000. In 2007 only the number of sentenced increased for 4,300.
Kazakhstan to introduce life sentence for drug-related crimes (Interfax)
regional news:
Central Asia: Child labor alive and thriving
(RFE/RL) - As World Day Against Child Labor is marked as part of continuing efforts to stamp out the practice around the globe, there are hundreds of thousands of underage children in Central Asia skipping school to work as unskilled laborers in cities or on farms.
Proposed regional grouping a non-starter
(IWPR) - Uzbek president Islam Karimov’s proposal to merge two associations of former Soviet states has come as a surprise to many observers, as his country has shown a distinct reluctance to be part of regional groupings.
Water squabbles irrigate tensions in Central Asia
(Reuters) - Central Asia is one of the world’s driest places where, thanks to 70 years of Soviet planning, thirsty crops such as cotton and grain remain the main livelihood for most of the 58 million people.
