Archive for June 23rd, 2008
ENRC’s lays out plans for life after Kazakhmys
Just three months after listing on the London Stock Exchange and buoyed by declining global metal production, which has caused demand and consequently prices for its products to soar, Kazakhstan’s largest listed company ENRC shot into the FTSE 100 index.
Kazakhstan Politics Roundup - June 23, 2008
Kazakhstan supports Japan climate change initiative
(Reuters) - Kazakhstan will support Japan’s climate change initiative calling on the world to halve greenhouse gas emissions by 2050, according to a joint communique by the two countries on Friday.
Japanese premier will visit Kazakhstan (Interfax)
Kazakh Government prepared amendments on social security issues (Kazinform)
Kazakhstan Daily News Roundup - June 23, 2008
energy:
Development of Kashagan Field Postponed until 2013: Interview with Chairman of KazEnergy Association Timur Kulibayev
(TREND) - “The increase in the capital expenditures on the development of the field is being discussed today as it is very objective process with the price rise in all kind of goods and services. Kazakhstan has stated that the technological solutions offered by AGIP consortium KCO are reasonable. We accept these date – 2013.”
Consortium including MOL discovers oil and gas in Kazakhstan
(Budapest Business Journal) - Hungarian oil and natural gas company MOL announced that a consortium in which it owns a 27.5% stake has discovered oil and natural gas in the Fedorovskoye Block located in the Northern Western Kazakhstan Region of the Republic of Kazakhstan.
Roxi hit by suspension
(Investors Chronicles) - Roxi Petroleum has had a somewhat confused start to life on Aim. When the Kazakhstan-focused oil exploration company floated in May 2007, it raised some $78m (£40m), principally to acquire and develop two assets - Ravninnoe and Beibars.
Masimov charged to finish development of bills on tariff formation in electric power industry and development of resource saving technologies (Kazakhstan Today)
Tethys Petroleum files final prospectus (eMedia World)
business and economy:
Emirates’ Alnair to buy 25 percent of Kazkommertsbank’s shares
(Silk Road Intelligencer) - Alnair Capital Holding has bought an 8 percent stake in Kazkommertsbank and expects the Financial Supervision Agency (FSA) to approve its plan to bring its holdings to 25 percent.
Bank CenterCredit borrows $40 ml from DEG
(Silk Road Intelligencer) - Kazakhstan-based Bank CenterCredit has raised a 5-year $40 ml loan from DEG (Deutsche Investitions- und Entwicklungsgesellschaft), a German development insitution.
Marubeni, Kazakhstan to work on emissions projects
(Reuters) - Japan’s Marubeni Corp and Kazakhstan’s Environmental Protection Ministry have signed a pact to jointly promote the development of projects to cut greenhouse gas emissions in Kazakhstan, the Japanese trading firm said on Friday.
Highway to prosperity
(neweurasia.net) - Bob Zoellick used his three-day trip to Kazakhstan to announce a $2.5 billion infrastructure project together with Prime Minister Massimov - a long planned trade corridor linking China and Europe by road.
Nazarbaev suggests elevating status of Kazakh-Japanese economic cooperation (Interfax)
Syrdarya Control & Northern Aral Sea Phase 2 Project to commence in 2009 (Interfax)
Kazakhstan, Hungary governments to develop economic cooperation (Kazakhstan Today)
Belarus ratifies agreement with Kazakhstan, Russia on coordinated policy on sanitary measures (Kazinform)
Kazakhstan’s joining the CGIAR to be discussed in Astana (Kazinform)
National Bank of Kazakhstan: Exchange rates June 21, 22, 23, 2008 (Kazinform)
Indicators - June 20, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
politics:
Kazakhstan supports Japan climate change initiative
(Reuters) - Kazakhstan will support Japan’s climate change initiative calling on the world to halve greenhouse gas emissions by 2050, according to a joint communique by the two countries on Friday.
Japanese premier will visit Kazakhstan (Interfax)
Kazakh Government prepared amendments on social security issues (Kazinform)
Kazakhstan Business and Economy Roundup - June 23, 2008
Marubeni, Kazakhstan to work on emissions projects
(Reuters) - Japan’s Marubeni Corp and Kazakhstan’s Environmental Protection Ministry have signed a pact to jointly promote the development of projects to cut greenhouse gas emissions in Kazakhstan, the Japanese trading firm said on Friday.
Emirates’ Alnair to buy 25 percent of Kazkommertsbank’s shares
(Silk Road Intelligencer) - Alnair Capital Holding has bought an 8 percent stake in Kazkommertsbank and expects the Financial Supervision Agency (FSA) to approve its plan to bring its holdings to 25 percent.
Bank CenterCredit borrows $40 ml from DEG
(Silk Road Intelligencer) - Kazakhstan-based Bank CenterCredit has raised a 5-year $40 ml loan from DEG (Deutsche Investitions- und Entwicklungsgesellschaft), a German development insitution.
Highway to prosperity
(neweurasia.net) - Bob Zoellick used his three-day trip to Kazakhstan to announce a $2.5 billion infrastructure project together with Prime Minister Massimov - a long planned trade corridor linking China and Europe by road.
Nazarbaev suggests elevating status of Kazakh-Japanese economic cooperation (Interfax)
Syrdarya Control & Northern Aral Sea Phase 2 Project to commence in 2009 (Interfax)
Kazakhstan, Hungary governments to develop economic cooperation (Kazakhstan Today)
Belarus ratifies agreement with Kazakhstan, Russia on coordinated policy on sanitary measures (Kazinform)
Kazakhstan’s joining the CGIAR to be discussed in Astana (Kazinform)
National Bank of Kazakhstan: Exchange rates June 21, 22, 23, 2008 (Kazinform)
Indicators - June 20, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
Kazakhstan Energy Roundup - June 23, 2008
Development of Kashagan Field Postponed until 2013: Interview with Chairman of KazEnergy Association Timur Kulibayev
(TREND) - “The increase in the capital expenditures on the development of the field is being discussed today as it is very objective process with the price rise in all kind of goods and services. Kazakhstan has stated that the technological solutions offered by AGIP consortium KCO are reasonable. We accept these date – 2013.”
Consortium including MOL discovers oil and gas in Kazakhstan
(Budapest Business Journal) - Hungarian oil and natural gas company MOL announced that a consortium in which it owns a 27.5% stake has discovered oil and natural gas in the Fedorovskoye Block located in the Northern Western Kazakhstan Region of the Republic of Kazakhstan.
Roxi hit by suspension
(Investors Chronicles) - Roxi Petroleum has had a somewhat confused start to life on Aim. When the Kazakhstan-focused oil exploration company floated in May 2007, it raised some $78m (£40m), principally
to acquire and develop two assets - Ravninnoe and Beibars.
Masimov charged to finish development of bills on tariff formation in electric power industry and development of resource saving technologies (Kazakhstan Today)
Tethys Petroleum files final prospectus (eMedia World)
Bank CenterCredit borrows $40 ml from DEG
(Silk Road Intelligencer) - Kazakhstan-based Bank CenterCredit has raised a 5-year $40 ml loan from DEG (Deutsche Investitions- und Entwicklungsgesellschaft), a German development insitution.
Emirates’ Alnair to buy 25 percent of Kazkommertsbank’s shares
Alnair Capital Holding has bought an 8 percent stake in Kazkommertsbank and expects the Financial Supervision Agency (FSA) to approve its plan to bring its holdings to 25 percent.
Kazakh banks year-to-date net income down 37.3 percent
Kazakhstan’s second-tier banks’ aggregate profits declined by 37.3 percent to 58.1 billion tenge ($480 million) in January - May 2008 compared to same period of 2007, Interfax reported on June 20 citing the Financial Supervision Agency (FSA).
