Archive for July, 2008
Kazakhstan News Roundup - July 31, 2008
ENERGY:
Export ban and increased export duty can reduce price for diesel fuel and gasoline - Nar Oil (SRI)
Hungary’s MOL also eyes Oman’s 7% CPC stake - paper
(Portfolio.hu) - Hungarian oil and gas group MOL has also set eyes on the pipeline linking the world’s sixth-largest oil field Tengiz with the Black Sea, as Oman is selling its 7% interest in the Caspian Pipeline Consortium.
Energy companies of Central Asia developing methods to improve power transmission in region (TREND)
Caspian Services takes delivery of two 41 Foot, shallow water, oil & gas exploration boats (Business Wire)
MINERAL RESOURCES:
Kazakhmys increases copper production in Q2, down year-on-year
(SRI) - Kazakh miner Kazakhmys’s copper cathode production picked up in the second quarter after weather problems in the previous quarter, but output was still down 1.4 percent year-on-year.
BUSINESS AND ECONOMY:
Moody’s reviews Alliance Bank and SAFC for downgrade
(The FINANCIAL) - Moody’s Investors Service has today placed the Ba2 long-term bank deposit and Ba2/Ba3 senior and subordinated debt ratings of Alliance Bank on review for possible downgrade.
Kazakh government wants to lower corporate income tax (SRI)
New Customs Code to be developed in Kazakhstan (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates July 31, 2008 (Kazinform)
Indicators - July 30, 2008 (Reuters)
POLITICS:
President Nursultan Nazarbayev met with King of Spain Juan Carlos I (Kazinform)
Unvalued contribution to foreign policy (neweurasia.net)
SOCIETY:
Akimat of Almaty oblast recommended to take measures on settlement of land dispute with members of Hare Krishna (Kazakhstan Today)
Kazakhstan Society Roundup - July 31, 2008
Akimat of Almaty oblast recommended to take measures on settlement of land dispute with members of Hare Krishna (Kazakhstan Today)
Kazakhstan Politics Roundup - July 31, 2008
President Nursultan Nazarbayev met with King of Spain Juan Carlos I (Kazinform)
Unvalued contribution to foreign policy (neweurasia.net)
Kazakhstan Business and Economy Roundup - July 31, 2008
Moody’s reviews Alliance Bank and SAFC for downgrade
(The FINANCIAL) - Moody’s Investors Service has today placed the Ba2 long-term bank deposit and Ba2/Ba3 senior and subordinated debt ratings of Alliance Bank on review for possible downgrade.
Kazakh government wants to lower corporate income tax (SRI)
New Customs Code to be developed in Kazakhstan (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates July 31, 2008 (Kazinform)
Indicators - July 30, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - July 31, 2008
Kazakhmys increases copper production in Q2, down year-on-year
(SRI) - Kazakh miner Kazakhmys’s copper cathode production picked up in the second quarter after weather problems in the previous quarter, but output was still down 1.4 percent year-on-year.
Kazakhstan Energy Roundup - July 31, 2008
Export ban and increased export duty can reduce price for diesel fuel and gasoline - Nar Oil (SRI)
Hungary’s MOL also eyes Oman’s 7% CPC stake - paper
(Portfolio.hu) - Hungarian oil and gas group MOL has also set eyes on the pipeline linking the world’s sixth-largest oil field Tengiz with the Black Sea, as Oman is selling its 7% interest in the Caspian Pipeline Consortium.
Energy companies of Central Asia developing methods to improve power transmission in region (TREND)
Caspian Services takes delivery of two 41 Foot, shallow water, oil & gas exploration boats (Business Wire)
Kazakhmys increases copper production in Q2, down year-on-year
(SRI) - Kazakh miner Kazakhmys’s copper cathode production picked up in the second quarter after weather problems in the previous quarter, but output was still down 1.4 percent year-on-year, Reuters reported.
Export ban and increased export duty can reduce price for diesel fuel and gasoline - Nar Oil
(SRI) - Temporarily banning exports and increasing export duties on oil and petroleum products can reduce price for combustive-lubricating materials (CLM), said Sultan Ushbayev, the chairman of the Board of Directors of oil industrial group Nar Oil, according to Kazakhstan Today.
Kazakh government wants to lower corporate income tax
(SRI) - Kazakhstan government suggested lowering the corporate income tax within the planned tax code, Prime Minister Karim Masimov said on Wednesday, Interfax reported.
Kazakhstan News Roundup - July 30, 2008
ENERGY:
Oil refining in Kazakhstan should be taken over by state - newspaper
(SRI) - Oil refining in Kazakhstan should be taken under state control in order to stabilize the situation on the domestic market for refined petrolum products.
Caspian Energy drill a dry well (Thomson Financial - Forbes)
1500th tanker loaded at CPC marine terminal (CPC)
MINERAL RESOURCES:
Kazakhmys completes acquisition of further 7.66 percent in ENRC from Kazakh govt (Thomson Financial - Forbes)
BUSINESS AND ECONOMY:
Kazakhstan’s Air Astana halves 2008 profit forecast
(SRI) - Kazakhstan’s national airline Air Astana halved its 2008 net profit forecast on Tuesday from $45-47 million due to high fuel prices and limited demand.
Air Astana plans to raise $1.445 billion to buy aircraft
(SRI) - Air Astana is planning to raise funds to purchase new Airbus and Boeing aircraft.
Air Astana switches to electronic tickets starting August (Interfax)
NBK cut minimum reserve requirements to second-tier banks
(SRI) - The old requirements of 6% on internal obligation and 8% on all other obligations are now lowered to 5% and 7%, respectively.
Kazakhtelecom increases profit by 8.2 percent in H1 (SRI)
200-300 thousand migrants work illegally in Kazakhstan: Labor Minister (TREND)
Kazakh PM urged to create working group on light industry development (Kazinform)
Azercell signed third roaming agreement with Kazakhstan (Azerbaijan Business Center)
National Bank of Kazakhstan: Exchange rates July 30, 2008 (Kazinform)
Indicators - July 30, 2008 (Reuters)
SOCIETY:
Kazakhstan authorities oust foreign missionaries (Interfax)
Kazakhstan’s cyclist Vinokurov not going to Beijing (Interfax)
