Kazakhstan News Roundup - July 16, 2008

news roundup

Kazakhstan News Roundup - July 16, 2008

By SRI ⋅ July 16, 2008 ⋅

energy:

Chevron says Kazakhstan exempted venture from oil export duty
(Bloomberg) - Chevron Corp.’s venture in Kazakhstan said the government granted it an exemption to a new duty on oil exports more than a month before the tax came into effect.

Kazakhstan’s flagship oil company KazMunaiGas E&P expected to significantly increase reserves and production
(SRI - Stock Market Notes) - KMG E&P, the flagship oil firm of Kazakhstan, represents a strong long term buy at the current market capitalization of $US12Bn.

Arawak Energy issues additional share on LSE (SRI)

Costs and losses rise at Max Petroleum (ShareCast)

mineral resources:

Kazakhmys says it’s not considering reverse takeover
(Bloomberg) - Kazakhmys Plc, which said yesterday it was in talks about a possible merger with an unidentified company, isn’t planning a transaction that would be classified as a reverse takeover.

Lombard: Kazakhmys and Metalloinvest (Financial Times)

Kazakhmys plans to start gold production at Bozymchak in Kyrgyzstan in 2009 (SRI)

business and economy:

Kazakhstan’s Astana Motors plans IPO in 2009
(SRI) - Astana Motors, part of the Astana Group holding, is preparing for an initial public offering in 2009.

Kazakhstan’s real estate market in danger of collapse
(SRI) - The real estate market in Kazakhstan is in danger of a collapse as unemployment grows and inflation reduces the purchasing power of the population.

Kazakh fixed capital investment up more than 12 percent in H1 (SRI)

ATF Bank raised $100 million (SRI)

National Bank of Kazakhstan: Exchange rates July 16, 2008 (Kazinform)

politics:

Kazakhstan hosts OSCE parliamentary assembly
(Eurasia Daily Monitor) - The 17th session of the OSCE Parliamentary Assembly hosted by Kazakhstan in Astana is generally seen as a diplomatic victory for Kazakhstan on its uphill way to political recognition by the Western world.

Presidents of UAE and Kazakhstan hold talks (Gulf News)

society:

Kazakhstan churches say draft law is reminder of Soviet era (Ecumenical News International)

regional news:

Turkmenistan: Gas pipeline with Kazakhstan, Russia is top priority
(Kommersant) - Turkmenistan has declared top priority the project of Turkmenistan-Kazakhstan-Russia gas pipeline and announced the launch of its actual implementation.

Turkmenistan to launch Russia gas pipeline in 2010 (Reuters)

Medvedev patiently courting Central Asian leaders (Eurasia Daily Monitor)