Archive for July 24th, 2008
Kazakhstan News Roundup - July 24, 2008
energy:
Kazakhstan to revise Kashagan PSA
(SRI) - Kazakhstan will revise the Production Sharing Agreement with the consortium of oil companies developing the Kashagan field to reflect new arrangements reached last month.
Kazakhstan may ask Tengiz group to pay export duty
(Reuters) - Kazakhstan may impose an oil export duty on a Chevron-led oil venture in the Central Asian state.
Karachaganak oil now subject to export tax
(Oil and GAs Journal) - Kazakhstan, apparently reversing an earlier ruling, has announced that the consortium developing Karachaganak gas field must pay a new oil export duty.
Gazprom Neft prepared to buy minority stake in MangistauMunaiGas (SRI)
Transmeridian Exploration commence exchange offer for 12% senior secured notes due 2010 (Prime Newswire)
USD 22 billion needed to modernize Kazakhstan’s electric power industry by 2015 (www.defsec.info)
mineral resources:
Kazakh government unaware of Kazakhmys merger plans
(Reuters) - The Kazakh government, which holds 15 percent in Kazakhmys, has not been approached by the company for approval to proceed with a merger with any other entity.
Frontier Mining keeping quiet in Kazakhstan
(Proactive Investors) - Things at Frontier Mining changed quite dramatically last November. Formed to take advantage of mineral opportunities in Kazakhstan, the company had acquired a significant portfolio of gold and copper assets in the former Soviet republic.
business and economy:
Eurasian Bank restyling group brand (SRI)
Kazakhstan’s BTA Bank increases stake in Russian subsidiary (SRI)
Bank of Russia and Kazakhstan sign deal (RBC News)
A light industry park to be opened in Almaty this year (Interfax)
Etihad to launch flights from Abu Dhabi to Almaty (Al Bawaba)
National Bank of Kazakhstan: Exchange rates July 24, 2008 (Kazinform)
Indicators - July 23, 2008 (Reuters)
politics:
Abuse claims in Kazakhstan rattle the U.S.
(Wall Street Journal) - Members of Congress expressed concern Tuesday about allegations of corruption and human-rights abuses in Kazakhstan, a strategic U.S. friend and energy producer.
U.S. urges Kazakhstan to uphold OSCE values
(Reuters) - The United States urged Kazakhstan on Wednesday to show clear signs of democratic progress before the end of this year ahead of its chairmanship of Europe’s main human rights watchdog in 2010.
Opposition leader questions Kazakh investment in Bora Bora resort (Pacific Magazine)
New Ambassador of Kazakhstan to Turkey started his duties (Kazakhstan Today)
Is Rakhat Aliyev a victim of Kazakh power politics? (Registan.net)
regional news:
In Central Asia, water could lead to fire
(RFE/RL) - As Central Asia suffers the effects of global climate change, seeing less rainfall each year, the water shortage in the region is generating progressively greater attention — and greater tensions between the region’s governments.
CNPC seeks loans to fund Central Asia-China gas pipeline construction
(Xinhua) - The China National Petroleum Corp.(CNPC), the country’s largest oil and gas producer, said it was seeking a 2.5 billion U.S. dollar loan from the China Development Bank for the Central Asia-China natural gas pipeline project.
Session of Special working group on Caspian Sea postponed till September (Kazakhstan Today)
Kazakhstan to revise Kashagan PSA
(SRI) - Kazakhstan will revise the Production Sharing Agreement with the consortium of oil companies developing the Kashagan field to reflect new arrangements reached last month, Kazakh Minister of Energy and Mineral Resources said on Wednesday.
Kazakhstan Regional News Roundup - July 24, 2008
In Central Asia, water could lead to fire
(RFE/RL) - As Central Asia suffers the effects of global climate change, seeing less rainfall each year, the water shortage in the region is generating progressively greater attention — and greater tensions between the region’s governments.
CNPC seeks loans to fund Central Asia-China gas pipeline construction
(Xinhua) - The China National Petroleum Corp.(CNPC), the country’s largest oil and gas producer, said it was seeking a 2.5 billion U.S. dollar loan from the China Development Bank for the Central Asia-China natural gas pipeline project.
Session of Special working group on Caspian Sea postponed till September (Kazakhstan Today)
Kazakhstan Politics Roundup - July 24, 2008
Abuse claims in Kazakhstan rattle the U.S.
(Wall Street Journal) - Members of Congress expressed concern Tuesday about allegations of corruption and human-rights abuses in Kazakhstan, a strategic U.S. friend and energy producer.
U.S. urges Kazakhstan to uphold OSCE values
(Reuters) - The United States urged Kazakhstan on Wednesday to show clear signs of democratic progress before the end of this year ahead of its chairmanship of Europe’s main human rights watchdog in 2010.
Opposition leader questions Kazakh investment in Bora Bora resort (Pacific Magazine)
New Ambassador of Kazakhstan to Turkey started his duties (Kazakhstan Today)
Is Rakhat Aliyev a victim of Kazakh power politics? (Registan.net)
Kazakhstan Business and Economy Roundup - July 24, 2008
Eurasian Bank restyling group brand (SRI)
Kazakhstan’s BTA Bank increases stake in Russian subsidiary (SRI)
Bank of Russia and Kazakhstan sign deal (RBC News)
A light industry park to be opened in Almaty this year (Interfax)
Etihad to launch flights from Abu Dhabi to Almaty (Al Bawaba)
National Bank of Kazakhstan: Exchange rates July 24, 2008 (Kazinform)
Indicators - July 23, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - July 24, 2008
Kazakh government unaware of Kazakhmys merger plans
(Reuters) - The Kazakh government, which holds 15 percent in Kazakhmys, has not been approached by the company for approval to proceed with a merger with any other entity.
Frontier Mining keeping quiet in Kazakhstan
(Proactive Investors) - Things at Frontier Mining changed quite dramatically last November. Formed to take advantage of mineral opportunities in Kazakhstan, the company had acquired a significant portfolio of gold and copper assets in the former Soviet republic.
Kazakhstan Energy Roundup - July 24, 2008
Kazakhstan to revise Kashagan PSA (SRI)
Kazakhstan may ask Tengiz group to pay export duty
(Reuters) - Kazakhstan may impose an oil export duty on a Chevron-led oil venture in the Central Asian state.
Karachaganak oil now subject to export tax
(Oil and GAs Journal) - Kazakhstan, apparently reversing an earlier ruling, has announced that the consortium developing Karachaganak gas field must pay a new oil export duty.
Gazprom Neft prepared to buy minority stake in MangistauMunaiGas (SRI)
Transmeridian Exploration commence exchange offer for 12% senior secured notes due 2010 (Prime Newswire)
USD 22 billion needed to modernize Kazakhstan’s electric power industry by 2015 (www.defsec.info)
Kazakhstan’s BTA Bank increases stake in Russian subsidiary
BTA Bank, the second largest Kazakh bank and fifth largest in the CIS, has increased its share in registered capital of Russia’s BTA Bank LLC (formerly known as Slavinvestbank) from 15.6% to 52.84%, BTA Bank said in a statement.
Eurasian Bank restyling group brand
Eurasian Bank, the 10th biggest bank in Kazakhstan, and its subsidiaries have started a rebranding campaign, Interfax reported.
USD 22 billion needed to modernize Kazakhstan’s electric power industry by 2015
(www.defsec.info) - According to the Ministry of Energy and Mineral Resources and KEGOC JSC report, USD 22 billion in investments will be needed to modernize the country’s electric power industry by 2015.
