Archive for September 12th, 2008
Kazakhstan News Roundup - September 12, 2008
ENERGY:
Kazakhstan to nearly double crude export tax
(SRI) - Kazakhstan will nearly double the export duty on crude oil to $203.8 per metric ton from $109.91 in October.
Kazakh oil: A war of nerves
(BusinessWeek) - Russian brinkmanship could imperil the flow of oil and money across the Caspian to Europe.
Tethys Petroleum plans Hong Kong listing in Q1 2009 - source
(Dow Jones - CNN Money) - Toronto- and Kazakhstan-listed Tethys Petroleum Ltd. plans to seek a third listing in Hong Kong in the first quarter of next year.
Transneft hopes for agreement with BP on CPC expansion before end of September
(onet.pl) - Russian pipeline operator Transneft hopes to reach an agreement with BP before the end of September on the expansion of the Caspian Pipeline Consortium (CPC).
Kazakhstan forecasts 79.2 ml ton oil in 2009, 81.3 ml tons in 2010, and 81.6 ml tons in 2011 (Interfax)
Great Circle Fund invests US$15 million in seismic provider, Caspian Services Inc. (Business Wire - MarketWatch)
BUSINESS AND ECONOMY:
Foreign banks seize the moment in Kazakhstan
(bne) - Kazakhstan used to be an expensive proposition for international banks, but with their local rivals under pressure following the global liquidity squeeze, these banks have found changed circumstances.
Kazakhstan sees GDP growth of 5-7 pct in 2009-2011
(Reuters) - Kazakhstan’s economy will grow at 5-7 percent annually over the next three years and inflation is expected to ease, according to the draft of a three-year budget report.
Eurasian Bank to expand to other CIS markets
(SRI) - Eurasian Bank, Kazakhstan’s 10th largest bank, plans to expand its business abroad.
Kazakhstan’s industrial production increased 3 percent year-on-year
(SRI) - Kazakhstan’s industrial production increased 3 percent year-on-year in the first eight months of 2008 to KZT 7,301.2 billion (USD 60.8 billion).
Kazphosphate to increase sales to USD 1 billion by 2013
(SRI) - Kazakhstan-based Kazphosphate plans to increase sales up to $1 billion by 2013, the company’s deputy CEO Bolat Sautbaev said.
Kazakhstan aims to boost UAE trade ties
(Khaleej Times) - The United Arab Emirates is poised to become the greatest beneficiary among Gulf states from the booming economy of Kazakhstan, the natural resource rich Central Asian country.
Two billion dollar power plant, aluminium smelter on cards
(Khaleej Times) - Kazakhstan and private investors from the UAE plan to build a $2 billion power plant in the Central Asian nation, after the government called for an increase in electricity production.
IPIC sets up joint investment fund with Kazakhstan (Kazinform)
National Bank of Kazakhstan: Exchange rates September 12, 2008 (Kazinform)
Indicators - September 11, 2008 (Reuters)
POLITICS:
Kazakhstan remains key partner in Central Asia – NATO Deputy Secretary General (Interfax)
Kazakhstan actively getting ready for 2010 OSCE chairmanship (Kazinform)
SOCIETY:
Kazakhstan: “Economic war” against believers continues (Forum 18)
Kazakhstan Society Roundup - September 12, 2008
Kazakhstan: “Economic war” against believers continues (Forum 18)
Kazakhstan Politics Roundup - September 12, 2008
Kazakhstan remains key partner in Central Asia – NATO Deputy Secretary General (Interfax)
Kazakhstan actively getting ready for 2010 OSCE chairmanship (Kazinform)
Kazakhstan Business and Economy Roundup - September 12, 2008
Foreign banks seize the moment in Kazakhstan
(bne) - Kazakhstan used to be an expensive proposition for international banks, but with their local rivals under pressure following the global liquidity squeeze, these banks have found changed circumstances.
Kazakhstan sees GDP growth of 5-7 pct in 2009-2011
(Reuters) - Kazakhstan’s economy will grow at 5-7 percent annually over the next three years and inflation is expected to ease, according to the draft of a three-year budget report.
Eurasian Bank to expand to other CIS markets
(SRI) - Eurasian Bank, Kazakhstan’s 10th largest bank, plans to expand its business abroad.
Kazakhstan’s industrial production increased 3 percent year-on-year
(SRI) - Kazakhstan’s industrial production increased 3 percent year-on-year in the first eight months of 2008 to KZT 7,301.2 billion (USD 60.8 billion).
Kazphosphate to increase sales to USD 1 billion by 2013
(SRI) - Kazakhstan-based Kazphosphate plans to increase sales up to $1 billion by 2013, the company’s deputy CEO Bolat Sautbaev said.
Kazakhstan aims to boost UAE trade ties
(Khaleej Times) - The United Arab Emirates is poised to become the greatest beneficiary among Gulf states from the booming economy of Kazakhstan, the natural resource rich Central Asian country.
Two billion dollar power plant, aluminium smelter on cards
(Khaleej Times) - Kazakhstan and private investors from the UAE plan to build a $2 billion power plant in the Central Asian nation, after the government called for an increase in electricity production.
IPIC sets up joint investment fund with Kazakhstan (Kazinform)
National Bank of Kazakhstan: Exchange rates September 12, 2008 (Kazinform)
Indicators - September 11, 2008 (Reuters)
ANALYSIS: Foreign banks seize the moment in Kazakhstan
(bne) - Kazakhstan used to be an expensive proposition for international banks, but with their local rivals under pressure following the global liquidity squeeze, these banks have found changed circumstances.
Eurasian Bank to expand to other CIS markets
(SRI) - Eurasian Bank, Kazakhstan’s 10th largest bank, plans to expand its business abroad.
Kazakhstan’s industrial production increased 3 percent year-on-year
(SRI) - Kazakhstan’s industrial production increased 3 percent year-on-year in the first eight months of 2008 to KZT 7,301.2 billion (USD 60.8 billion), the National Statistics Agency announced on Wednesday, according to Interfax.
Kazakhstan Energy Roundup - September 12, 2008
Kazakhstan to nearly double crude export tax
(SRI) - Kazakhstan will nearly double the export duty on crude oil to $203.8 per metric ton from $109.91 in October.
Kazakh oil: A war of nerves
(BusinessWeek) - Russian brinkmanship could imperil the flow of oil and money across the Caspian to Europe.
Tethys Petroleum plans Hong Kong listing in Q1 2009 - source
(Dow Jones - CNN Money) - Toronto- and Kazakhstan-listed Tethys Petroleum Ltd. plans to seek a third listing in Hong Kong in the first quarter of next year.
Transneft hopes for agreement with BP on CPC expansion before end of September
(onet.pl) - Russian pipeline operator Transneft hopes to reach an agreement with BP before the end of September on the expansion of the Caspian Pipeline Consortium (CPC).
Kazakhstan forecasts 79.2 ml ton oil in 2009, 81.3 ml tons in 2010, and 81.6 ml tons in 2011 (Interfax)
Great Circle Fund invests US$15 million in seismic provider, Caspian Services Inc. (Business Wire - MarketWatch)
Kazphosphate to increase sales to USD 1 billion by 2013
(SRI) - Kazakhstan-based Kazphosphate plans to increase sales up to $1 billion by 2013, the company’s deputy CEO Bolat Sautbaev said in an interview with Interfax.
Kazakhstan to nearly double crude export tax
(SRI) - Kazakhstan will nearly double the export duty on crude oil to $203.8 per metric ton from $109.91 in October, according to a government decree published on Thursday.
