Archive for September 26th, 2008
Kazakhstan Daily News Roundup - September 26, 2008
ENERGY:
Tengizchevroil raises production, seeks outlets
(Oil and Gas Journal) - Chevron Corp said its Tengizchevroil LLP affiliate has completed a major expansion at Tengiz field in Kazakhstan that will nearly double the site’s initial production capacity.
Kazakhstan drops oil refinery plans in Georgia
(Reuters) - Kazakhstan, one of the biggest foreign investors in Georgia, has ditched plans to build a $1 billion oil refinery in the Caucasus country.
KazTransGas eyes sale of its gas distributing company
(Interfax) - Kazakhstan’s state-owned KaztransGas mulls over selling its Georgian asset, gas distributing KazTransGas-Tbilisy.
Max Petroleum gets offers for Kazakhstan licenses
(Reuters) - Max Petroleum Plc said it has received “multiple” offers for two of its Kazakhstan licences, sending its shares up over 11 percent.
Arawak Energy gets Akzhar, Besbolek development approvals from Kazakhstan government (Thomson Financial - Forbes)
Kazakhstan to boost crude supply to China (Bloomberg - The Standard)
Kazakhstan’s first nuclear power plant to be built in Mangistau region (Interfax - iStockAnalyst)
BUSINESS AND ECONOMY:
Kazakhstan plans USD 6 billion bad loan buyout fund
(Reuters) - Kazakhstan will set up a $6 billion distressed asset fund this year to buy up bad loans from its banks and help the sector cope with the global credit crisis.
Kazakh banks thrown $6bn bad debt lifeline (Financial Times)
Kazakh banks shrug off renewed investor worries
(Reuters) - Kazakh banks, congratulating themselves for overcoming the latest bout of market turmoil and gloomy analyst forecasts, are shrugging off a record slump in their debt prices.
Kazkommertsbank reports rise in H1 net profit
(Reuters - Forbes) - Kazakhstan’s No.2 bank reported a 26.8 percent rise in first-half net profit but said its total assets fell by almost four percent compared with late 2007.
Kazakhstan attempts reviving ancient Silk Road
(Ferghana.ru - Turkish Weekly) - Kazakhstan calls for all interested parties participate in the international agreement to build transport route from China to Europe.
Iran, Kazakhstan discuss expansion of transit routes (MehrNews.com)
National Bank leaves refinancing rate unchanged at 10.5 percent from October 1 (Interfax)
Indicators - September 25, 2008 (Reuters)
POLITICS:
Kazakhstan steering a middle course between Russia and the West
(AsiaNews.it) - In a quick succession Kazakhstan drops two large-scale projects in Georgia, a billion dollar oil refinery and a big grain terminal. Still the Kazakh military takes part in joint exercises with NATO as the country’s leaders seek closer ties to the West.
Kazakhstan Politics Roundup - September 26, 2008
Kazakhstan steering a middle course between Russia and the West
(AsiaNews.it) - In a quick succession Kazakhstan drops two large-scale projects in Georgia, a billion dollar oil refinery and a big grain terminal. Still the Kazakh military takes part in joint exercises with NATO as the country’s leaders seek closer ties to the West.
Kazakhstan Business and Economy Roundup - September 26, 2008
Kazakhstan plans USD 6 billion bad loan buyout fund
(Reuters) - Kazakhstan will set up a $6 billion distressed asset fund this year to buy up bad loans from its banks and help the sector cope with the global credit crisis.
Kazakh banks thrown $6bn bad debt lifeline (Financial Times)
Kazakh banks shrug off renewed investor worries
(Reuters) - Kazakh banks, congratulating themselves for overcoming the latest bout of market turmoil and gloomy analyst forecasts, are shrugging off a record slump in their debt prices.
Kazkommertsbank reports rise in H1 net profit
(Reuters - Forbes) - Kazakhstan’s No.2 bank reported a 26.8 percent rise in first-half net profit but said its total assets fell by almost four percent compared with late 2007.
Kazakhstan attempts reviving ancient Silk Road
(Ferghana.ru - Turkish Weekly) - Kazakhstan calls for all interested parties participate in the international agreement to build transport route from China to Europe.
Iran, Kazakhstan discuss expansion of transit routes (MehrNews.com)
National Bank leaves refinancing rate unchanged at 10.5 percent from October 1 (Interfax)
Indicators - September 25, 2008 (Reuters)
Kazakhstan Energy Roundup - September 26, 2008
Tengizchevroil raises production, seeks outlets
(Oil and Gas Journal) - Chevron Corp said its Tengizchevroil LLP affiliate has completed a major expansion at Tengiz field in Kazakhstan that will nearly double the site’s initial production capacity.
Kazakhstan drops oil refinery plans in Georgia
(Reuters) - Kazakhstan, one of the biggest foreign investors in Georgia, has ditched plans to build a $1 billion oil refinery in the Caucasus country.
KazTransGas eyes sale of its gas distributing company
(Interfax) - Kazakhstan’s state-owned KaztransGas mulls over selling its Georgian asset, gas distributing KazTransGas-Tbilisy.
Max Petroleum gets offers for Kazakhstan licenses
(Reuters) - Max Petroleum Plc said it has received “multiple” offers for two of its Kazakhstan licences, sending its shares up over 11 percent.
Arawak Energy gets Akzhar, Besbolek development approvals from Kazakhstan government (Thomson Financial - Forbes)
Kazakhstan to boost crude supply to China (Bloomberg - The Standard)
Kazakhstan’s first nuclear power plant to be built in Mangistau region (Interfax - iStockAnalyst)
Kazakhstan cancels oil refinery plans in Georgia
(Reuters) - Kazakhstan, one of the biggest foreign investors in Georgia, has ditched plans to build a $1 billion oil refinery in the Caucasus country, an industry source told Reuters on Wednesday.
Tengizchevroil completes expansion
(Oil and Gas Journal) - Chevron Corp said its Tengizchevroil LLP affiliate has completed a major expansion at Tengiz field in Kazakhstan that will nearly double the site’s initial production capacity.
Kazakhstan plans USD 6 billion bad loan buyout fund
Kazakhstan will set up a $6 billion distressed asset fund this year to buy up bad loans from its banks and help the sector cope with the global credit crisis, the finance minister said on Wednesday.
