Kazakhstan News Roundup - August 29, 2008

news roundup

Kazakhstan News Roundup - August 29, 2008

By SRI ⋅ 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.