news roundup
Kazakhstan News Roundup - August 26, 2008
ENERGY:
ONGC faces roadblock in Imperial buy
(Economic Times) - State-run explorer ONGC’s move to acquire UK-based oil firm Imperial Energy for about $2.8 billion may hit a road block as it has already exhausted its investment limit.
Explosion in Georgia damages cisterns with Kazakh oil
(TREND) - Due to an explosion, which occurred on Sunday near Gori, 14 cisterns with oil, transported through Georgia from Kazakhstan to the port of Batumi, were damaged.
Korean oil firm has no Imperial designs
(Forbes) - Sources with Korea National Oil Corp. said the state-run oil company had never expressed interest in buying FSU-focused Imperial Energy.
Transmeridian Exploration extends consent payment deadline and expiration time for 12% senior secured notes due 2010 (FOX Business)
BUSINESS AND ECONOMY:
President talks to Halyk Bank CEO about banking sector dynamics
(Interfax) - Kazakhstan president Nursultan Nazarbaev on Monday discussed dynamics and prospects in Kazakhstan’s banking sector with Halyk Bank CEO Gregoriy Marchenko.
National Bank of Kazakhstan: Exchange rates August 26, 2008 (Kazinform)
Indicators - August 25, 2008 (Reuters)
POLITICS:
FM Tazhin held number of negotiations with CICA FMs (Kazinform)
Russian, Kazakh Presidents preparing for CSTO meeting (RBC News)
SOCIETY:
Jehovah’s Witnesses suspended in southern Kazakhstan (Ferghana.ru)
REGIONAL:
Caspian Basin: Russia uses its Georgia position to enhance its energy leverage
(EurasiaNet) - The contest over Caspian Basin energy finds itself at a potentially decisive point as Russia’s incursion into Georgia has caused disruptions in the only export routes for oil and natural gas that are not under Moscow’s control.
Azeri oil will flow via Odessa-Brody at the year-end
(Azeri Press Agency) - Russia’s reverse transportation of oil southward to Odessa may be terminated this year, Ukrainian media reports said.
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