Archive for September 22nd, 2008
Kazakhstan Daily News Roundup - September 22, 2008
ENERGY:
Kazakhstan to tie up with Shell for Kashagan oil
(Reuters) - Kazakhstan said on Friday state oil company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oilfield.
Eni says targeting Kashagan startup in 2012
(Reuters) - Italian oil major Eni said it plans to start production at the Kashagan field in 2012 despite previously announced delays which led many investors to fear output could slip to 2014.
BP considers selling CPC pipeline stake
(SRI) - BP said on Friday that it is considering selling its stake in the Caspian Pipeline Consortium (CPC), which pumps crude from Kazakhstan to the Black Sea, if it fails to agree with Russia on terms for expanding the line.
EU and Central Asia pledge closer energy ties
(Reuters) - European Union and Central Asian states pledged on Thursday to forge closer energy ties, after war in Georgia highlighted their dependence on neighbouring Russia as a supplier and customer.
Petrolinvest’s OTG oilfield estimates raised
(Reuters) - Estimates of oil resources at exploration firm Petrolinvest’s OTG oil field in Kazakhstan were raised by 300 million barrels to 1.27 billion.
Petrolinvest to sell new shares to Kazakh partner (Reuters)
Energy Minister says there is no point in replacing Kashagan operator today (Interfax)
Kazakhstan says wins support for uranium exchange
(Guardian - Reuters) - Kazakhstan has the support of leading companies to create an international uranium exchange that would help set a transparent market price.
CITIC Resources lowers crude output target in Kazakhstan (Kazinform)
BUSINESS AND ECONOMY:
Western banks see tough times ahead for Kazakhstan
(Reuters) - Kazakhstan, battered by a global credit crisis, may face more tough times ahead as financial volatility continues to pile pressure on the economy.
Kazakh banking faces uneasy 2009 - central bank chief
(Reuters - Guardian) - The outlook for Kazakhstan’s financial system is not rosy, but being an early victim of the global credit crunch in 2007 allowed it to skirt some of the damage from the latest market crisis.
HSBC to expand in liquidity-starved Kazakhstan
(BBJ) - The global credit crisis may have shaken Kazakhstan’s banks this year but the world’s biggest bank HSBC sees a chance to crack a lucrative distant market long dominated by domestic players.
Moody’s assigns B3/NP/E+ ratings to DeltaBank first-time (Interfax)
Kazakhstan harvested more than 15 mln tonnes of grain (AgriMarket.Info)
National Bank of Kazakhstan: Exchange rates September 20-22, 2008 (Kazinform)
POLITICS:
South Ossetia tests Kazakhstan’s foreign policy priorities (Eurasia Daily Monitor)
Norway to open new embassy in Astana (Norway Post)
Regional Conference on Kazakhstan’s OSCE chairmanship to be held in Almaty (Kazinform)
Aktobe preparing for the meeting of the Presidents of Kazakhstan and Russia (Kazinform)
Military-political aspects of CA security to be discussed in Almaty (Kazinform)
REGIONAL:
Central Asia states fail to cooperate on water management
(CACI Analyst) - The collapsed negotiations on a regional water regime between the Ministers of Energy of Kazakhstan, Kyrgyzstan and Uzbekistan held in Almaty on September 9-10 uncovered deep and intractable disagreements between the states sharing the Syr Darya water basin.
Kazakhstan Regional News Roundup - September 22, 2008
Central Asia states fail to cooperate on water management
(CACI Analyst) - The collapsed negotiations on a regional water regime between the Ministers of Energy of Kazakhstan, Kyrgyzstan and Uzbekistan held in Almaty on September 9-10 uncovered deep and intractable disagreements between the states sharing the Syr Darya water basin.
Kazakhstan Business and Economy Roundup - September 22, 2008
Western banks see tough times ahead for Kazakhstan
(Reuters) - Kazakhstan, battered by a global credit crisis, may face more tough times ahead as financial volatility continues to pile pressure on the economy.
Kazakh banking faces uneasy 2009 - central bank chief
(Reuters - Guardian) - The outlook for Kazakhstan’s financial system is not rosy, but being an early victim of the global credit crunch in 2007 allowed it to skirt some of the damage from the latest market crisis.
HSBC to expand in liquidity-starved Kazakhstan
(BBJ) - The global credit crisis may have shaken Kazakhstan’s banks this year but the world’s biggest bank HSBC sees a chance to crack a lucrative distant market long dominated by domestic players.
Moody’s assigns B3/NP/E+ ratings to DeltaBank first-time (Interfax)
Kazakhstan harvested more than 15 mln tonnes of grain (AgriMarket.Info)
National Bank of Kazakhstan: Exchange rates September 20-22, 2008 (Kazinform)
Kazakhstan Energy Roundup - September 22, 2008
Kazakhstan to tie up with Shell for Kashagan oil
(Reuters) - Kazakhstan said on Friday state oil company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oilfield.
Eni says targeting Kashagan startup in 2012
(Reuters) - Italian oil major Eni said it plans to start production at the Kashagan field in 2012 despite previously announced delays which led many investors to fear output could slip to 2014.
BP considers selling CPC pipeline stake
(SRI) - BP said on Friday that it is considering selling its stake in the Caspian Pipeline Consortium (CPC), which pumps crude from Kazakhstan to the Black Sea, if it fails to agree with Russia on terms for expanding the line.
EU and Central Asia pledge closer energy ties
(Reuters) - European Union and Central Asian states pledged on Thursday to forge closer energy ties, after war in Georgia highlighted their dependence on neighbouring Russia as a supplier and customer.
Petrolinvest’s OTG oilfield estimates raised
(Reuters) - Estimates of oil resources at exploration firm Petrolinvest’s OTG oil field in Kazakhstan were raised by 300 million barrels to 1.27 billion.
Petrolinvest to sell new shares to Kazakh partner (Reuters)
Energy Minister says there is no point in replacing Kashagan operator today (Interfax)
Kazakhstan says wins support for uranium exchange
(Guardian - Reuters) - Kazakhstan has the support of leading companies to create an international uranium exchange that would help set a transparent market price.
CITIC Resources lowers crude output target in Kazakhstan (Kazinform)
Kazakhstan Politics Roundup - September 22, 2008
South Ossetia tests Kazakhstan’s foreign policy priorities (Eurasia Daily Monitor)
Norway to open new embassy in Astana (Norway Post)
Regional Conference on Kazakhstan’s OSCE chairmanship to be held in Almaty (Kazinform)
Aktobe preparing for the meeting of the Presidents of Kazakhstan and Russia (Kazinform)
Military-political aspects of CA security to be discussed in Almaty (Kazinform)
Kazakh banking faces uneasy 2009
(Reuters) - The outlook for Kazakhstan’s financial system is not rosy, but being an early victim of the global credit crunch in 2007 allowed it to skirt some of the damage from the latest market crisis, central Bank Governor Anvar Saidenov said on Thursday.
BP considers selling CPC pipeline stake
(SRI) - BP said on Friday that it is considering selling its stake in the Caspian Pipeline Consortium (CPC), which pumps crude from Kazakhstan to the Black Sea, if it fails to agree with Russia on terms for expanding the line.
Kazakhstan to tie up with Shell for Kashagan oil
Kazakhstan said on Friday state oil company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oil field.
