Archive for August 27th, 2008
Kazakhstan News Roundup - August 27, 2008
ENERGY:
Indian ONGC to buy Imperial Energy for $2.58 billion
(Bloomberg) - Oil & Natural Gas Corp., India’s biggest exploration company, agreed to buy Imperial Energy Plc for 1.4 billion pounds ($2.58 billion) to tap Siberian deposits and make up for dwindling output at home.
Agreed offer for Imperial may spark bidding war (Telegraph)
KazMunaiGas loan to be signed this week
(SRI) - The RBS/ABN Amro and Credit Suisse-lead syndicated loan for KazMunaiGas, the Kazakh national oil company, is expected to be signed this Thursday.
Russia’s power play could shift oil flows (TheStreet.com)
BUSINESS AND ECONOMY:
BTA mulling sale of London-Almaty insurance company
(SRI) - London-Almaty itself did not confirm a pending sale of the company but its chairman Ergali Begimbekov acknowledged that the company has received and is considering several offers.
Air Astana increased traffic flow in H1
(SRI) - Air Astana announced its passenger flow increased by 16 percent in the first half of 2008 as the same period last year and reached 1.3 ml people.
BI Group and Eurasia City in a USD 3 billion Moscow development project
(SRI) - Kazakh construction company Build Investments Group (BI Group) signed an agreement with Russian developer Eurasia-City to build part of the Konstantinovo development project outside Moscow.
Government approves drafts of tax and budget codes, three-year budget (Interfax)
Damu Fund places 50 bl tenge with commercial banks for SME support
(Interfax) - Damu, an entrepreneurship development fund, has placed 50 billion tenge with the commercial banks. The funds were allocated by Kazyna State Fund to support the small- and medium-sized business.
President received Chairman of the Agency for Financial Supervision (Kazinform)
Kazakhstan: 3-grade wheat price rises vary (AgriMarket.info)
National Bank of Kazakhstan: Exchange rates August 27, 2008 (Kazinform)
Indicators - August 26, 2008 (Reuters)
POLITICS:
Russia’s sphere of influence engulfing Kazakhstan
(Trumpet) - Russian tank treads rolling all over Georgia is making another regional country besides Ukraine stand up and take notice: Kazakhstan.
India and Central Asia need to stay engaged, says ex-envoy (Kazinform)
REGIONAL:
Russia recognizes breakaway Georgian regions
(AP) - Russia formally recognized the breakaway Georgian territories at the heart of its war with Georgia on Tuesday, drawing immediate condemnation from the West.
Central Asian summit may discuss South Ossetia - China (Reuters)
BTC pipeline resumes operations
(Oil and Gas Journal) - Some 1.7 million bbl of Azeri crude were loaded aboard two tankers at Turkey’s Mediterranean port of Ceyhan, the first transfer since the closure of the Baku-Tblisi-Ceyhan oil pipeline on Aug.5 due to an explosion and fire.
Kazakhstan Regional News Roundup - August 27, 2008
Russia recognizes breakaway Georgian regions
(AP) - Russia formally recognized the breakaway Georgian territories at the heart of its war with Georgia on Tuesday, drawing immediate condemnation from the West.
Central Asian summit may discuss South Ossetia - China (Reuters)
BTC pipeline resumes operations
(Oil and Gas Journal) - Some 1.7 million bbl of Azeri crude were loaded aboard two tankers at Turkey’s Mediterranean port of Ceyhan, the first transfer since the closure of the Baku-Tblisi-Ceyhan oil pipeline on Aug.5 due to an explosion and fire.
Kazakhstan Politics Roundup - August 27, 2008
Russia’s sphere of influence engulfing Kazakhstan
(Trumpet) - Russian tank treads rolling all over Georgia is making another regional country besides Ukraine stand up and take notice: Kazakhstan.
India and Central Asia need to stay engaged, says ex-envoy (Kazinform)
Kazakhstan Energy Roundup - August 27, 2008
Indian ONGC to buy Imperial Energy for $2.58 billion
(Bloomberg) - Oil & Natural Gas Corp., India’s biggest exploration company, agreed to buy Imperial Energy Plc for 1.4 billion pounds ($2.58 billion) to tap Siberian deposits and make up for dwindling output at home.
Agreed offer for Imperial may spark bidding war (Telegraph)
KazMunaiGas loan to be signed this week
(SRI) - The RBS/ABN Amro and Credit Suisse-lead syndicated loan for KazMunaiGas, the Kazakh national oil company, is expected to be signed this Thursday.
Russia’s power play could shift oil flows (TheStreet.com)
Kazakhstan Business and Economy Roundup - August 27, 2008
BTA mulling sale of London-Almaty insurance company
(SRI) - London-Almaty itself did not confirm a pending sale of the company but its chairman Ergali Begimbekov acknowledged that the company has received and is considering several offers.
Air Astana increased traffic flow in H1
(SRI) - Air Astana announced its passenger flow increased by 16 percent in the first half of 2008 as the same period last year and reached 1.3 ml people.
BI Group and Eurasia City in a USD 3 billion Moscow development project
(SRI) - Kazakh construction company Build Investments Group (BI Group) signed an agreement with Russian developer Eurasia-City to build part of the Konstantinovo development project outside Moscow.
Government approves drafts of tax and budget codes, three-year budget (Interfax)
Damu Fund places 50 bl tenge with commercial banks for SME support
(Interfax) - Damu, an entrepreneurship development fund, has placed 50 billion tenge with the commercial banks. The funds were allocated by Kazyna State Fund to support the small- and medium-sized business.
President received Chairman of the Agency for Financial Supervision (Kazinform)
Kazakhstan: 3-grade wheat price rises vary (AgriMarket.info)
National Bank of Kazakhstan: Exchange rates August 27, 2008 (Kazinform)
Indicators - August 26, 2008 (Reuters)
Indian ONGC to buy Imperial Energy for $2.58 billion
(Bloomberg) - Oil & Natural Gas Corp., India’s biggest exploration company, agreed to buy Imperial Energy Plc for 1.4 billion pounds ($2.58 billion) to tap Siberian deposits and make up for dwindling output at home.
KazMunaiGas loan to be signed this week
(SRI) - The RBS/ABN Amro and Credit Suisse-lead syndicated loan for KazMunaiGas, the Kazakh national oil company, is expected to be signed this Thursday, Trade Finance reported on Tuesday.
Air Astana increased traffic flow in H1
(SRI) - Air Astana announced its passenger flow increased by 16 percent in the first half of 2008 as the same period last year and reached 1.3 ml people, Interfax reported on Tuesday.
