Archive for September 4th, 2008
Samruk to borrow $400 million
(SRI) - Samruk, the Kazakh national holding company which owns a range of companies including Kazmunaigas, KazPost or Air Astana, is raising a syndicated loan of $400 million.
Expansion of CPC pipeline to be completed by 2012
(SRI) - Expansion of the Caspian Pipeline Consortium (CPC) pipeline capacity is to be completed by 2012, Kazakh Minister of Energy and Mineral Resources Sauat Mynbayev said at the Eurasian energy forum KazEnergy in Astana, Kazinform reports.
Kazakhstan News Roundup - September 4, 2008
ENERGY:
Kazakhstan drafts new rates for oil tax
(SRI) - According to a draft law, Kazakhstan has proposed to set mineral extraction tax rates for oil producers at 5-18 percent of crude’s market value in 2009, with higher rates applied to larger producers.
Kazatomprom ups uranium output forecast
(Reuters) - Kazakh state nuclear power company Kazatomprom expects to produce 8,800 tonnes of uranium this year, rising to 11,000 tonnes in 2009 and by 2010 it forecasts 15,000 tonnes.
Kazakhstan and Germany to expand energy cooperation - joint statement (Interfax)
Astana to host 3rd Eurasian Energy Forum KazEnergy (Kazinform)
MINERAL RESOURCES:
Kazakh takeover talk lifts miners’ gloom
(Telegraph) - Rumours that rival Kazakh copper group Kazakhmys is planning to launch a formal offer for its local competitor made ENRC one of the few blue-chip risers for most of the trading session.
ENRC aims to remain low-cost ferroalloys producer
(Dow Jones - NASDAQ) - Kazakh mining company Eurasian Natural Resources Corp. PLC’s increased capital-expenditure program will help the company stay a low-cost miner compared to its competitors in the ferroalloys market.
BUSINESS AND ECONOMY:
Air Astana goes green
(Bangkok Post) - Air Astana, the national carrier of Kazakhstan, has joined the green bandwagon by going for fuel efficient aircraft and embracing best management practices, as advocated by the International Air Transport Association (Iata).
Air Astana expands fleet, network (Aircargo)
Kazakhstan: wheat export prices decrease (AgriMarket.Info)
Food Corporation plans to purchase up to 2 mln tons of milling wheat (Kazinform)
National Bank of Kazakhstan: Exchange rates September 4, 2008 (Kazinform)
Indicators - September 3, 2008 (Reuters)
POLITICS:
Swiss embassy to open in Astana (Kazinform)
Kazakhstan to play mediator in Caucasus crisis – Nazarbaev (Interfax)
Kazakh leader content with cooperation with Germany (Interfax)
Nazarbayev: Kazakhstan interested in developing cooperation with European Union (Regnum)
REGIONAL:
Russia and the Shanghai cooperation: Lonely road from Bishkek to Dushanbe
(EurasiaNet) - Up through the August 2007 SCO summit in Bishkek, Putin had good reason to be pleased with the SCO, as the SCO appeared to be a useful mechanism for advancing Moscow’s priorities.
Kazakhstan Politics Roundup - September 4, 2008
Swiss embassy to open in Astana (Kazinform)
Kazakhstan to play mediator in Caucasus crisis – Nazarbaev (Interfax)
Kazakh leader content with cooperation with Germany (Interfax)
Nazarbayev: Kazakhstan interested in developing cooperation with European Union (Regnum)
Kazakhstan Regional News Roundup - September 4, 2008
Russia and the Shanghai cooperation: Lonely road from Bishkek to Dushanbe
(EurasiaNet) - Up through the August 2007 SCO summit in Bishkek, Putin had good reason to be pleased with the SCO, as the SCO appeared to be a useful mechanism for advancing Moscow’s priorities.
Kazakhstan Business and Economy Roundup - September 4, 2008
Air Astana goes green
(Bangkok Post) - Air Astana, the national carrier of Kazakhstan, has joined the green bandwagon by going for fuel efficient aircraft and embracing best management practices, as advocated by the International Air Transport Association (Iata).
Air Astana expands fleet, network (Aircargo)
Kazakhstan: wheat export prices decrease (AgriMarket.Info)
Food Corporation plans to purchase up to 2 mln tons of milling wheat (Kazinform)
National Bank of Kazakhstan: Exchange rates September 4, 2008 (Kazinform)
Indicators - September 3, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - Septemner 4, 2008
Kazakh takeover talk lifts miners’ gloom
(Telegraph) - Rumours that rival Kazakh copper group Kazakhmys is planning to launch a formal offer for its local competitor made ENRC one of the few blue-chip risers for most of the trading session.
ENRC aims to remain low-cost ferroalloys producer
(Dow Jones - NASDAQ) - Kazakh mining company Eurasian Natural Resources Corp. PLC’s increased capital-expenditure program will help the company stay a low-cost miner compared to its competitors in the ferroalloys market.
Kazakhstan Energy Roundup - September 4, 2008
Kazakhstan drafts new rates for oil tax
(SRI) - According to a draft law, Kazakhstan has proposed to set mineral extraction tax rates for oil producers at 5-18 percent of crude’s market value in 2009, with higher rates applied to larger producers.
Kazatomprom ups uranium output forecast
(Reuters) - Kazakh state nuclear power company Kazatomprom expects to produce 8,800 tonnes of uranium this year, rising to 11,000 tonnes in 2009 and by 2010 it forecasts 15,000 tonnes.
Kazakhstan and Germany to expand energy cooperation - joint statement (Interfax)
Astana to host 3rd Eurasian Energy Forum KazEnergy (Kazinform)
Kazakhstan drafts new rates for oil tax
(SRI) - According to a draft law, Kazakhstan has proposed to set mineral extraction tax rates for oil producers at 5-18 percent of crude’s market value in 2009, with higher rates applied to larger producers, Reuters reported on Wednesday.
Oil chronicles: Astana does not believe in tears
As compared with the same period last year, oil production in Kazakhstan over the first four months of 2008 has grown by almost 6%, and that of natural gas – by 11%. Gas condensate production has decreased by 5% while the oil processing volume has risen by 5.4%.
