Archive for August, 2008
Kazakhstan News Roundup - August 29, 2008
ENERGY:
Date fixed for first oil from Kashagan field
(TREND) - The target date for first oil extraction from the US$136 billion Kashagan oil field in Kazakhstan has been set at October 2013.
Roxi Petroleum announces funding and operational update (OilVoice)
MINERAL RESOURCES:
Kazakhmys earnings down 21 percent in H1
(Reuters) - Kazakh miner Kazakhmys posted a 21 percent fall in first-half profit on Thursday, hitting its shares, and said it wanted talks with rival ENRC about possible synergies.
Kazakhmys looks for dialogue with ENRC
(Telegraph) - Kazakhmys, the Kazakh copper miner, said it is seeking ways of co-operating with its domestic rival Eurasian Natural Resources, as it bucked the boom in commodity prices to post a fall in first-half profits.
BUSINESS AND ECONOMY:
Astana-Finance Bank to open in September (SRI)
EU postpones anti-dumping duty on ferroalloy imports from Kazakhstan (SRI)
EDB, SCO Interbank Association signed memo of partnership relation (Kazinform)
National Bank of Kazakhstan: Exchange rates August 29, 2008 (Kazinform)
Indicators - August 29, 2008 (Reuters)
POLITICS:
Central Asia and Russia: An old sweet song
(The Economist) - Russia’s Central Asian underbelly rumbles queasily.
Kazakhstan not defined its position concerning recognition of independence of South Ossetia and Abkhazia - MFA (Kazakhstan Today)
Kazakhstan approves of Russia’s actions in Georgia (RBC News)
SCO is a guarantee of security in Eurasia – Kazakh president (Interfax)
Bush among first people Russia informed about Georgia’s attack on Tskhinvali – Nazarbaev (Interfax)
Kazakh, Korean deputies stand for further deepening of inter-parliamentary ties (Kazinform)
REGIONAL:
Ties between Central and South Asia facing hiccups: Expert
(ANI) - Links between Central Asia and South Asia stand a chance of improving only if the historical linkages of the past are given their due importance and applied in the modern context.
Asian alliance rebuffs Russian plea for support
(AP) - China and several Central Asian nations rebuffed Russia’s hopes of international support for its actions in Georgia, issuing a statement Thursday denouncing the use of force and calling for the respect of every country’s territorial integrity.
Kazakhstan Business and Economy Roundup - August 29, 2008
Astana-Finance Bank to open in September (SRI)
EU postpones anti-dumping duty on ferroalloy imports from Kazakhstan (SRI)
EDB, SCO Interbank Association signed memo of partnership relation (Kazinform)
National Bank of Kazakhstan: Exchange rates August 29, 2008 (Kazinform)
Indicators - August 29, 2008 (Reuters)
Kazakhmys earnings down 21 percent in H1
(Reuters) - Kazakh miner Kazakhmys posted a 21 percent fall in first-half profit on Thursday, hitting its shares, and said it wanted talks with rival ENRC about possible synergies.
Kazakhstan Politics Roundup - August 29, 2008
Central Asia and Russia: An old sweet song
(The Economist) - Russia’s Central Asian underbelly rumbles queasily.
Kazakhstan not defined its position concerning recognition of independence of South Ossetia and Abkhazia - MFA (Kazakhstan Today)
Kazakhstan approves of Russia’s actions in Georgia (RBC News)
SCO is a guarantee of security in Eurasia – Kazakh president (Interfax)
Bush among first people Russia informed about Georgia’s attack on Tskhinvali – Nazarbaev (Interfax)
Kazakh, Korean deputies stand for further deepening of inter-parliamentary ties (Kazinform)
Kazakhstan Mineral Resources Roundup - Augsut 29, 2008
Kazakhmys earnings down 21 percent in H1
(Reuters) - Kazakh miner Kazakhmys posted a 21 percent fall in first-half profit on Thursday, hitting its shares, and said it wanted talks with rival ENRC about possible synergies.
Kazakhmys looks for dialogue with ENRC
(Telegraph) - Kazakhmys, the Kazakh copper miner, said it is seeking ways of co-operating with its domestic rival Eurasian Natural Resources, as it bucked the boom in commodity prices to post a fall in first-half profits.
Kazakhstan Energy Roundup - August 29, 2008
Date fixed for first oil from Kashagan field
(TREND) - The target date for first oil extraction from the US$136 billion Kashagan oil field in Kazakhstan has been set at October 2013.
Roxi Petroleum announces funding and operational update (OilVoice)
Kazakhstan Regional News Roundup - August 29, 2008
Ties between Central and South Asia facing hiccups: Expert
(ANI) - Links between Central Asia and South Asia stand a chance of improving only if the historical linkages of the past are given their due importance and applied in the modern context.
Asian alliance rebuffs Russian plea for support
(AP) - China and several Central Asian nations rebuffed Russia’s hopes of international support for its actions in Georgia, issuing a statement Thursday denouncing the use of force and calling for the respect of every country’s territorial integrity.
Astana-Finance Bank to open in September
(SRI) - Astana-Finance Bank plans to start operating in September, Interfax reported on Thursday.
EU postpones anti-dumping duty on ferroalloy imports from Kazakhstan
(SRI) - The Europen Unoion has extended the suspension of imposing anti-dumping duty on imports of silicomanganese originating in China and Kazakhstan, Bloomberg reported on Thursday.
Kazakhstan News Roundup - August 28, 2008
ENERGY:
Oil firms’ deal with Kazakhs over Kashagan is a temporary reprieve
(bne ) - After more than a year of often-tense negotiations, the Kazakh government is due to finalise an agreement with the consortium developing the enormous Kashagan oilfield in September.
Talks on major Kazakh oilfield end
(BBC Monitoring - redOrbit) - Luciano Vasques, the regional director of the Agip KCO consortium, which is developing Kashagan, told the Kazinform state agency in an interview that the extraction of oil in Kashagan could start before October 2013.
MINERAL RESOURCES:
Kazakhstan to monitor workers’ safety in Mittal plant (Economic Times)
BUSINESS AND ECONOMY:
Kookmin Bank buys 23 percent stake in Bank CenterCredit
(SRI) - Kookmin Bank, Korea’s largest bank, completed its acqusition of a 23 percent stake in Bank CenterCredit.
Avtovaz to buy a stake in Azia Avto
(SRI) - Russian car maker Avtovaz plans to acquire a 25 percent stake in Kazakh Azia Avto.
Efes and Heineken to partner up in Kazakhstan
(SRI) - Efes Breweries International and Heineken N.V. plan to create a joint venture in Kazakhstan to boost production and distribution of beer in the Central Asia country.
Lithuania and Kazakhstan have huge opportunities in energy and transport areas (The Baltic Course)
Kazakh companies’ participation in Iranian cellular communication market discussed in Tehran (Kazinform)
Over 20,000 items of counterfeited products confiscated in Kazakhstan during last month (Interfax)
Kazakhstan - Czech Republic business forum will be held in Almaty (Kazinform)
National Bank of Kazakhstan: Exchange rates August 28, 2008 (Kazinform)
Indicators - August 27, 2008 (Reuters)
POLITICS:
Terrorism, defence shields unacceptable to Kazakhstan, says strategic expert (ANI)
SOCIETY:
Dirty work and desperadoes in Kazakhstan’s wild east (Irish Times)
REGIONAL:
U.S. energy interests and the Caspian: The free ride is over
(World Politics Review) - While control over routes for the export of oil and gas to Western markets was clearly not the primary cause of the recent hostilities between Moscow and Tbilisi, the vital role of the Caucasus as an energy transit route nevertheless cannot be ignored in the context of Russia’s increasingly tense relationship with the United States and its European allies.
