Archive for September 24th, 2008
Kazakhstan Daily News Roundup - September 24, 2008
ENERGY:
BP and its woes with the CPC
(Eurasia Daily Monitor) - BP is contemplating whether it may end its participation in the $2.67 billion, 938-mile CPC pipeline, opened in November 2001, which transports Kazakh oil from the country’s biggest oil fields.
Zhaikmunai hikes Chinarevskoye resource estimates
(Thomson Financial - Forbes) - Zhaikmunai LP said proved plus probable gross reserves at its Chinarevskoye field in Kazakhstam grew 35 percent to 535 million barrels of oil equivalent.
Russia expected to close the deal on CPC within a month
(SRI) - Russia expects to reach a deal on the acqusitions of Oman’s stake in the Caspian Pipeline Consortium (CPC) pipeline within a month and buy its entire 7 percent stake.
Fitch report on Kazakhstani oil, gas industry
(Fitch Ratings) - Fitch Ratings says in a special report published today that the Kazakhstani oil and gas industry is poised for strong growth, albeit with certain operational and financial risks inherent in its development.
Caspian Services Group performs seismic services for CMOC (Energy Current)
United Energy Group Limited and Transmeridian Exploration Incorporated amend exchange offer for 12% senior secured notes due 2010 (International Business Times)
MINERAL RESOURCES:
Mechel poised for large investment in Kazakhstan metals projects
(RIA Novosti) - The Russian mining and metals giant Mechel plans to build a $500-800 million ferroalloys plant in Kazakhstan within the next four years.
Kazakhmys signs $94 million Ekibastuz power plant equipment pact
(Dow Jones - Morningstar) - Kazakhmys has signed an agreement with Lodge Cottrell to deliver and install electrostatic precipitators to the Ekibastuz power plant.
BUSINESS AND ECONOMY:
Kazakhstan lowers grain exports
(IHT - AP) - Kazakhstan, a key wheat-producer, will export up to 6 million tons of grain this year, down from its post-Soviet record high of 9.1 million tons last year.
Kazakhstan works to avoid new grain export ban (Forbes - AP)
Avtovaz bought a blocking stake in Azia Avto
(SRI) - Russian carmaker Avtovaz has signed an agreement to purchase a 25 percent plus one share stake in Kazakhstan’s Azia Avto during President Medvedev’s visit to Kazakhstan this week.
Kazakhstan and Russia to create a venture capital fund focused on nanotechnology (SRI)
Presidents of Russia and Kazakhstan visited Aktobe exhibition of manufacturers (Interfax)
Kazakh Government approved bill on Customs Prosedure (Kazinform)
National Bank of Kazakhstan: Exchange rates September 24, 2008 (Kazinform)
Indicators - September 23, 2008 (Reuters)
POLITICS:
Kazakhstan calls for settling the crisis in the Caucasus rather than accusing conflicting parties (Interfax)
Russia, Kazakhstan to hold joint naval drills in 2009 (RIA Novosti)
Presidents of Kazakhstan and Russian Federation discussed mutual relations in security sphere (Kazakhstan Today)
Kazakhstan, NATO hold joint military exercises (RFE/RL)
Federal President of the Republic of Austria expected in Kazakhstan (Kazinform)
Kazakhstan Politics Roundup - September 24, 2008
Kazakhstan calls for settling the crisis in the Caucasus rather than accusing conflicting parties (Interfax)
Russia, Kazakhstan to hold joint naval drills in 2009 (RIA Novosti)
Presidents of Kazakhstan and Russian Federation discussed mutual relations in security sphere (Kazakhstan Today)
Kazakhstan, NATO hold joint military exercises (RFE/RL)
Federal President of the Republic of Austria expected in Kazakhstan (Kazinform)
Kazakhstan Business and Economy Roundup - September 24, 2008
Kazakhstan lowers grain exports
(IHT - AP) - Kazakhstan, a key wheat-producer, will export up to 6 million tons of grain this year, down from its post-Soviet record high of 9.1 million tons last year.
Kazakhstan works to avoid new grain export ban (Forbes - AP)
Avtovaz bought a blocking stake in Azia Avto
(SRI) - Russian carmaker Avtovaz has signed an agreement to purchase a 25 percent plus one share stake in Kazakhstan’s Azia Avto during President Medvedev’s visit to Kazakhstan this week.
Kazakhstan and Russia to create a venture capital fund focused on nanotechnology (SRI)
Presidents of Russia and Kazakhstan visited Aktobe exhibition of manufacturers (Interfax)
Kazakh Government approved bill on Customs Prosedure (Kazinform)
National Bank of Kazakhstan: Exchange rates September 24, 2008 (Kazinform)
Indicators - September 23, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - September 24, 2008
Mechel poised for large investment in Kazakhstan metals projects
(RIA Novosti) - The Russian mining and metals giant Mechel plans to build a $500-800 million ferroalloys plant in Kazakhstan within the next four years.
Kazakhmys signs $94 million Ekibastuz power plant equipment pact
(Dow Jones - Morningstar) - Kazakhmys has signed an agreement with Lodge Cottrell to deliver and install electrostatic precipitators to the Ekibastuz power plant.
Kazakhstan Energy Roundup - September 24, 2008
BP and its woes with the CPC
(Eurasia Daily Monitor) - BP is contemplating whether it may end its participation in the $2.67 billion, 938-mile CPC pipeline, opened in November 2001, which transports Kazakh oil from the country’s biggest oil fields.
Zhaikmunai hikes Chinarevskoye resource estimates
(Thomson Financial - Forbes) - Zhaikmunai LP said proved plus probable gross reserves at its Chinarevskoye field in Kazakhstam grew 35 percent to 535 million barrels of oil equivalent.
Russia expected to close the deal on CPC within a month
(SRI) - Russia expects to reach a deal on the acqusitions of Oman’s stake in the Caspian Pipeline Consortium (CPC) pipeline within a month and buy its entire 7 percent stake.
Fitch report on Kazakhstani oil, gas industry
(Fitch Ratings) - Fitch Ratings says in a special report published today that the Kazakhstani oil and gas industry is poised for strong growth, albeit with certain operational and financial risks inherent in its development.
Caspian Services Group performs seismic services for CMOC (Energy Current)
United Energy Group Limited and Transmeridian Exploration Incorporated amend exchange offer for 12% senior secured notes due 2010 (International Business Times)
