news roundup
Kazakhstan News Roundup - September 3, 2008
ENERGY:
Caspian Holdings reports “mixed progress” at Zhengeldy oil field restart
(Proactive Investors) - After reporting encouraging steps in completing the regulatory hurdles to move the Zhengeldy oil field in Kazakhstan into production, yesterday Kazakh Ministry of Energy effectively terminated its subsoil use contract.
KMG refinery plans put on hold (SRI)
Ukraine and Kazakhstan discussing on Uzhhorod gas fired power plant (SRI)
Transmeridian Exploration extends consent payment deadline and expiration time for senior secured notes due 2010 (FOX Business)
Alhambra Resources Ltd. - Financial and Operating Results for Second Quarter ending June 30, 2008 (CNW - Yahoo! News)
ONGC enters modern Great Game
(Financial Times) - This time the Great Game is between India and China over Russia’s energy resources, and the £1.4bn ($2.5bn) Imperial deal shows that New Delhi might be gaining the upper hand.
MINERAL RESOURCES:
Kazakhmys disappoints
(Investors Chronicle) - Lower production volumes offset an 18 per cent rise in copper prices, leaving Kazakhmys reporting a fall in first-half profits.
BUSINESS AND ECONOMY:
Centras builds up Kazakh private equity business
(bne) - Almaty-based Centras is about to make the first investment from its buyout fund, through which it plans to benefit from this growing phenomenon.
No threat to Kazakh investments
(Georgian Messenger) - Georgia’s withdrawal from the CIS will not damage Kazakh investments in Georgia. By withdrawing from the CIS Georgia is not planning to revise any bilateral agreements with any CIS countries except Russia.
Kazakhstan lifts wheat export ban (SRI)
August inflation 0.8 percent (SRI)
Turkish Is Bank signs deal to grow in Russia, Kazakhstan (Reuters)
New Tax Code will improve investment climate in Kazakhstan, President Nazarbaev (Interfax)
Kazakh businessmen to meet with reps of South Korean companies (Kazinform)
Kazakhstan: 3-grade wheat purchasing prices decreased (AgriMarket.Info)
National Bank of Kazakhstan: Exchange rates September 3, 2008 (Kazinform)
Indicators - August 2, 2008 (Reuters)
POLITICS:
Kazakhstan urges Russia, West to give up mutual reproaches
(Interfax) - Kazakhstan has urged Russia and the West to stop mutual reproaches and threats, and tackle all problems through talks.
Nazarbayev plays double game on South Ossetia
(Eurasia Daily Monitor) - Caught in an increasing standoff between Russia and the Western powers, Astana has had to resort to maneuvering in order to keep neutrality in the escalating conflict between Tbilisi and Moscow.
President Nazarbaev says Kazakhstan has no early parliamentary elections (Interfax
We have started preparation for OSCE chairmanship: N. Nazarbayev (Kazinform)
Prime Minister met US Assistant to State Secretary for Southern and Central Asia (Kazakhstan Today)
REGIONAL:
Putin clinches deal for Uzbek pipeline
(The Moscow Times) - Prime Minister Vladimir Putin on Tuesday secured agreement from Uzbekistan to start building a new gas pipeline to Russia in a deal that bolsters Moscow’s sway over Central Asian energy supplies.
The commonwealth of weak states
(EurasiaNet) - With the exception of Ukraine and, of course, the Baltic states, none of the republics of the former Soviet Union has vigorously protested Russia’s recent aggression in Georgia and its subsequent recognition of the breakaway regions of South Ossetia and Abkhazia.
Energy a casualty of Georgia conflict
(Platts) - Various strategic conclusions can be drawn from the August conflict in Georgia, each with implications for regional - indeed global - energy security.
Legal status of Caspian Sea to be discussed at summit in Baku (Kazakhstan Today)
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