news roundup
News Roundup - June 16, 2008
energy:
Italy’s Eni plans to invest over $7 bln in Kazakhstan
(Interfax/redOrbit) - Italy’s Eni plans to invest over $7 billion in projects in Kazakhstan in four years, CEO of Eni Exploration and Production Division Stefano Cao has said.
Kazakhstan’s KazMunaiGas mandates three banks for benchmark bond
(Reuters) - Kazakh state oil and gas firm KazMunaygas has mandated ABN AMRO, Citi and Credit Suisse for a benchmark bond and medium term note programme, one of the three leads said on Friday.
Fitch release on KazMunaiGaz Finance Sub B.V.
(Reuters) - Fitch Ratings has today assigned KazMunaiGaz Finance Sub B.V.’s (KMG Finance Sub B.V) proposed global medium-term note programme of up to USD3bn an expected senior unsecured ‘BBB’ rating.
Kazakh paper eyes environmental damage caused by oil company
(BBC Monitoring Central Asia/redOrbit) - The Kyzyl Arda environmental protection prosecutor’s office has made an analysis of the damage inflicted on the Kenlik oil field as a result of man-made disaster.
Iran best route for Central Asian oil
(Press TV) - Kazakh President Nursultan Nazarbayev says Iran is one of the ‘best transit routes’ for Central Asian countries’ oil exports to the West.
mineral resources:
Kazakh miner ENRC against Kazakhmys board seat
(Reuters) - Kazakh mining group ENRC, which has seen positive trends feed through into second-quarter trading, would likely reject any request for a board seat by rival Kazakhmys, which is due to become the biggest shareholder with a 22 percent stake.
business and economy:
Kazakh bank launches $125 mln syndicated loan
(Reuters) - Eurasian Development Bank has launched a $125 million, two-year syndicated loan via mandated lead arrangers ING, RZB, SMBC and WestLB, a banking source said on Friday.
UKTMK, A&D and Airbus set up facility in Kazakhstan for Airbus spares
(Interfax) – Ust-Kamenogorsk Titanium and Magnesium Plant (UKTMK, in East Kazakhstan oblast), Aubert & Duval (A&D) and Airbus have agreed to set up a facility at UKTMK assets for airbus spares.
Air Astana signs a firm order for six A-320s
(WAPA/AvioNews) - Air Astana, the flag carrier of Kazakhstan, has signed a firm contract for the purchase of six A-320s, as part of its expansion programme on domestic and medium-haul routes.
Kazakhstan Development Bank attracted USD 1 bln in Jan-May 2007 (Kazinform)
Prime Minster guarantees grain supplies under contracts signed prior to the ban (Interfax)
Kazakhstan Growth Forum to take place 2-4 July in London (Kazinform)
National Bank of Kazakhstan: Exchange rates June 14-16, 2008 (Kazinform)
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
politics:
President of Azerbaijan to visit Kazakhstan (Kazinform)
society:
RFE/RL says Kazakh web site problems are cleared up
(Radio World) - RFE/RL believes international pressure on the government in Kazakhstan forced an end to a blockage of its Kazakh-language Web site.
regional news:
(TOL) - Excerpt of testimony delivered 12 June before the U.S. Senate Foreign Relations Committee presented by Zeyno Baran, director of the Center for Eurasian Policy at the Hudson Institute, a Washington-based public policy institute.
Tethys licensed to develop 5 gas fields in Tajikistan
(Interfax/redOrbit) - Canadian-American company Tethys Petroleum Ltd has received license to work in 56 areas in Tajikistan that are believed to possibly contain natural gas and to develop five of them that are confirmed gas fields.
Central Asia: Age-old water problem brings tensions to a boil
In energy-rich Central Asia, Kyrgyzstan and Tajikistan have long found themselves the odd men out. They possess little if any of the massive natural resources that are making Kazakhstan, Turkmenistan, and Uzbekistan rich. But tiny Kyrgyzstan and Tajikistan do have one thing the others don’t: water.
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