news roundup

Kazakhstan News Roundup - July 30, 2008

By SRI ⋅ July 30, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

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)

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