Archive for July 15th, 2008
Kazakhstan News Roundup - July 15, 2008
energy:
Karachaganak group to pay Kazakh oil export duty
(Reuters) - A consortium developing the huge Karachaganak gas field in Kazakhstan has become the first Western entity in the Central Asian nation to fall under a new oil export duty.
Tengizchevroil to lower production in July, August
(SRI) - Tengizchevroil, the operator of the Tengiz field, will lower its average daily crude production in July and August, as it conducts annual maintenance of its facilities.
Kashagan leads Kazakhstan to increase trans-Caspian oil
(CACI Analyst) - Kazakhstan and Azerbaijan have culminated years-long negotiations with agreements that increase the amounts of Kazakhstani oil to be shipped across the Caspian Sea, supplementing Azerbaijani crude in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
A new oil bully in the Caspian?
(TOL - BusinessWeek) - Kazakhstan, with an output potential of 1.5 million barrels a day, shows signs of rivaling Russia in strut and swagger.
BG names new head of its Kazakhstan operations
(SRI) - Peter Dranfield has been named the president of BG Kazakhstan, the oil grouped announced.
Kazakhstan in talks to buy Turkmen gas (iStockAnalyst)
Imperial Energy receives takeover approach amid ONGC report (Economic Times)
Caspian Energy Inc.: Aransay #711 post-salt spud (marketwire)
Max Petroleum confirms approval of asset exchange agreement (OilVoice)
mineral resources:
Kazakhmys in early talks on possible sale of company
(Bloomberg) - Kazakhmys Plc, Kazakhstan’s biggest copper producer, confirmed it’s in takeover discussions after the Financial Times reported Russia’s OAO Metalloinvest may buy a controlling stake.
ArcelorMittal Kazakhstan unit cuts capacity
(Reuters) - ArcelorMittal’s steel unit in Kazakhstan has cut production capacity due to disruptions in electricity supplies.
business and economy:
Kazakhstan’s GDP grew 5 percent in first half of 2008 (SRI)
Kazakhstan Kagazy says paper business granted tax holidays until 2013
(Thomson Financial - Hemscott) - Kazakhstan Kagazy Plc. said its paper business, Kagazy Recycling LLP, has been granted tax holidays until 2013 within the framework of the state scheme to promote domestic producers.
Kazakhstan may harvest 17 million tons of grain in 2008 (SRI)
Prices for agricultural products in Kazakhstan rose almost 13 percent in H1 (SRI)
Kazakhstan: grain productivity in the south of the country decreased by 50% (AgriMarket.info)
Kazakhstan’s Tsesnabank selects BPC card processing technology (finextra.com)
UAE and Kazakhstan look to forge strategic partnership (Khaleej Times)
Astana hosts forum on water management in Central Asia (Kazinform)
National Bank of Kazakhstan: Exchange rates July 15, 2008 (Kazinform)
Indicators - July 14, 2008 (Reuters)
politics:
Russian and Kazakhstan strive to put democratization arm in sling (EurasiaNet)
Russia and Kazakhstan to hold joint war games in 2009-2011 (RIA Novosti)
Authorities and opposition set up a council to handle social conflicts in Almaty (Interfax)
Seoul Mayor to make official visit to Kazakhstan (Kazinform)
regional news:
Central Asia: Officials struggle to contain outbraks of anthrax, typhoid
(EurasiaNet) - A winter of hardship has given way to the summer of pestilence in Central Asia. Contagious diseases, such as anthrax and typhoid, are stoking public health crises in Kazakhstan, Kyrgyzstan and Turkmenistan.
Baku-Tbilisi-Kars is strategic cooperation project: Interview with Minister of Transport of Turkey (TREND)
Karachaganak group to pay Kazakh oil export duty
A consortium developing the huge Karachaganak gas field in Kazakhstan has become the first Western entity in the Central Asian nation to fall under a new oil export duty, a senior government official said on Monday.
Tengizchevroil to lower production in July, August
(SRI) - Tengizchevroil, the operator of the Tengiz field, will lower its average daily crude production in July and August, as it conducts annual maintenance of its facilities, Kazakh weekly Panorama reported citing a KazMunaiGas spokesperson.
Kazakhstan Regional News Roundup - July 15, 2008
Central Asia: Officials struggle to contain outbraks of anthrax, typhoid
(EurasiaNet) - A winter of hardship has given way to the summer of pestilence in Central Asia. Contagious diseases, such as anthrax and typhoid, are stoking public health crises in Kazakhstan, Kyrgyzstan and Turkmenistan.
Baku-Tbilisi-Kars is strategic cooperation project: Interview with Minister of Transport of Turkey (TREND)
Kazakhstan Politics Roundup - July 15, 2008
Russian and Kazakhstan strive to put democratization arm in sling (EurasiaNet)
Russia and Kazakhstan to hold joint war games in 2009-2011 (RIA Novosti)
Authorities and opposition set up a council to handle social conflicts in Almaty (Interfax)
Seoul Mayor to make official visit to Kazakhstan (Kazinform)
Kazakhstan Business and Economy Roundup - July 15, 2008
Kazakhstan Kagazy says paper business granted tax holidays until 2013
(Thomson Financial - Hemscott) - Kazakhstan Kagazy Plc. said its paper business, Kagazy Recycling LLP, has been granted tax holidays until 2013 within the framework of the state scheme to promote domestic producers.
Kazakhstan may harvest 17 million tons of grain in 2008 (SRI)
Prices for agricultural products in Kazakhstan rose almost 13 percent in H1 (SRI)
Kazakhstan: grain productivity in the south of the country decreased by 50% (AgriMarket.info)
Kazakhstan’s Tsesnabank selects BPC card processing technology (finextra.com)
UAE and Kazakhstan look to forge strategic partnership (Khaleej Times)
Astana hosts forum on water management in Central Asia (Kazinform)
National Bank of Kazakhstan: Exchange rates July 15, 2008 (Kazinform)
Indicators - July 14, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - July 15, 2008
Kazakhmys in early talks on possible sale of company
(Bloomberg) - Kazakhmys Plc, Kazakhstan’s biggest copper producer, confirmed it’s in takeover discussions after the Financial Times reported Russia’s OAO Metalloinvest may buy a controlling stake.
ArcelorMittal Kazakhstan unit cuts capacity
(Reuters) - ArcelorMittal’s steel unit in Kazakhstan has cut production capacity due to disruptions in electricity supplies.
Kazakhstan Energy Roundup - July 15, 2008
BG names new head of its Kazakhstan operations
(SRI) - Peter Dranfield has been named the president of BG Kazakhstan, the oil grouped announced.
A new oil bully in the Caspian?
(TOL - BusinessWeek) - Kazakhstan, with an output potential of 1.5 million barrels a day, shows signs of rivaling Russia in strut and swagger.
Kazakhstan in talks to buy Turkmen gas (iStockAnalyst)
Imperial Energy receives takeover approach amid ONGC report (Economic Times)
Caspian Energy Inc.: Aransay #711 post-salt spud (marketwire)
Max Petroleum confirms approval of asset exchange agreement (OilVoice)
Kazakh fixed capital investment up more than 12 percent in H1
(SRI) - As of June 30, 2008, fixed capital investment in Kazakhstan was 1,510 billion tenge ($12.6 billion), 12.4 more than in the same period last year, Interfax reported.
The following regions noted the most significant increases compared to previous year: Zhambyl (240%), Kyzylorda (65.3%) and Akmola (46.2%).
Oil and gas extraction remained the most attractive destinations for investors (25.3% of total fixed capital investments).
ATF Bank raised $100 million
ATF Bank, Kazakhstan’s fifth largest bank and a subsidiary of Italian UniCredit, has raised $100 million in loan funds, the bank announced.
The loan consists of two tranches payable in three and five years. It will be insured by SACE - Servizi Assicurativi del Commercio Estero, an export loan agency of Italy.
Citibank N.A. is the loan’s organizer while Citibank International Plc, London is the agent. “Along with organizer, the loan will be provided by several major financial institutions,” the statement said.
The funds will be used to finance the bank’s corporate targets.
