Archive for October 6th, 2008
KazMunaiGas to develop offshore field with ConocoPhilips, Mubadala
(SRI) - KazMunaiGas, the Kazakh national oil company, signed a memorandum of understanding with ConocoPhillips and Mubadala Development Company to explore and develop the N Block, an offshore field in the Caspian Sea, the company said on Sunday.
Kazakhstan Daily News Roundup - October 6, 2008
ENERGY:
KazMunaiGas to develop offshore field with ConocoPhilips, Mubadala
(SRI) - KazMunaiGas, the Kazakh national oil company, signed a memorandum of understanding with ConocoPhillips and Mubadala Development Company to explore and develop the N Block, an offshore field in the Caspian Sea.
MINERAL RESOURCES:
ArcelorMittal lays off one third of Kazakh workers
(Reuters) - The Kazakh unit of steel giant ArcelorMittal has sent home one third of its work force on half pay for two weeks as part of a planned output cut.
BUSINESS AND ECONOMY:
Kazakh bankers’ take on crisis: “Been there, done that”
(bne) - For the second year running, BTA Bank’s Almaty Interbanking Conference opened in the midst of a financial crisis. Last September, the Kazakh banking sector had recently been plunged into turmoil; this year, the conference opened after a 10-day firestorm that had devastated global financial markets.
Disappointing harvest dents Astana’s export plans
(EurasiaNet) - Kazakhstan, the breadbasket of Central Asia, is recording 2008 grain harvest yields that are considerably lower than last year’s figure. The government, however, is confident that after satisfying domestic needs, the state will still be able to export a large volume of wheat.
Are Kazakhstan’s economic bonds with Georgia the price of stronger ties with Russia? (Eurasia Daily Monitor)
Kazakh gold, forex reserves up to USD 21.95 billion in two weeks to September 30 (Dow Jones - FXStreet.com)
In terms of financial crisis Kazakhstan’s market becoming more attractive: Nazarbayev (Kazinform)
Reps of Caspian Sea states discussed plenty of economic issues: Kazakh Vice PM (Kazinform)
Kazakhstan stands for activation of talks on Caspian’s legal status (Kazinform)
Water, electricity shortages threaten Kazakhstan’s commercial capital - paper (BBC Monitoring - redOrbit)
Kazakhstan’s banks to face serious test before the end of the year (Azeri Business Agency)
National Bank of Kazakhstan: Exchange rates October 4-6, 2008 (Kazinform)
Indicators - October 3, 2008 (Reuters)
POLITICS:
Kazakhstan seeks to balance East and West
(NY Times) - Secretary of State Condoleezza Rice said Sunday that America was not playing a “zero-sum game” with the Kremlin to pry resource-rich former Communist states from Russia’s influence.
U.S. not vying with Russia over Central Asia - U.S. Secretary of State Rice in Astana (Reuters)
Rice cultivating ties in Kazakhstan visit (AP)
Kazakhstan has no plans to review ties with Russia over Caucasus (RIA Novosti)
Caucasus conflict has effect of cold shower on world community - Kazakh expert (Interfax)
Kazakhstan and Latvia want to see stability in the Caucasus (Interfax)
Kazakhstan president calls for Latvia to mend relations with Russia (Interfax)
Kazakh electors pick fresh crop of senators
(EurasiaNet) - The head of Kazakhstan’s election authority has endorsed the results of an indirect vote to fill a handful of seats in the country’s rubberstamp upper house of parliament, saying candidates won majorities in all 16 contests.
Ex-Kazakh ambassador says he’s wanted dead (AP - IHT)
Kazakhstan Politics Roundup - October 6, 2008
Kazakhstan seeks to balance East and West
(NY Times) - Secretary of State Condoleezza Rice said Sunday that America was not playing a “zero-sum game” with the Kremlin to pry resource-rich former Communist states from Russia’s influence.
U.S. not vying with Russia over Central Asia - U.S. Secretary of State Rice in Astana (Reuters)
Rice cultivating ties in Kazakhstan visit (AP)
Kazakhstan has no plans to review ties with Russia over Caucasus (RIA Novosti)
Caucasus conflict has effect of cold shower on world community - Kazakh expert (Interfax)
Kazakhstan and Latvia want to see stability in the Caucasus (Interfax)
Kazakhstan president calls for Latvia to mend relations with Russia (Interfax)
Kazakh electors pick fresh crop of senators
(EurasiaNet) - The head of Kazakhstan’s election authority has endorsed the results of an indirect vote to fill a handful of seats in the country’s rubberstamp upper house of parliament, saying candidates won majorities in all 16 contests.
Ex-Kazakh ambassador says he’s wanted dead (AP - IHT)
Kazakhstan Business and Economy Roundup - October 6, 2008
Kazakh bankers’ take on crisis: “Been there, done that”
(bne) - For the second year running, BTA Bank’s Almaty Interbanking Conference opened in the midst of a financial crisis. Last September, the Kazakh banking sector had recently been plunged into turmoil; this year, the conference opened after a 10-day firestorm that had devastated global financial markets.
Disappointing harvest dents Astana’s export plans
(EurasiaNet) - Kazakhstan, the breadbasket of Central Asia, is recording 2008 grain harvest yields that are considerably lower than last year’s figure. The government, however, is confident that after satisfying domestic needs, the state will still be able to export a large volume of wheat.
Are Kazakhstan’s economic bonds with Georgia the price of stronger ties with Russia? (Eurasia Daily Monitor)
Kazakh gold, forex reserves up to USD 21.95 billion in two weeks to September 30 (Dow Jones - FXStreet.com)
In terms of financial crisis Kazakhstan’s market becoming more attractive: Nazarbayev (Kazinform)
Reps of Caspian Sea states discussed plenty of economic issues: Kazakh Vice PM (Kazinform)
Kazakhstan stands for activation of talks on Caspian’s legal status (Kazinform)
Water, electricity shortages threaten Kazakhstan’s commercial capital - paper (BBC Monitoring - redOrbit)
Kazakhstan’s banks to face serious test before the end of the year (Azeri Business Agency)
National Bank of Kazakhstan: Exchange rates October 4-6, 2008 (Kazinform)
Indicators - October 3, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - October 6, 2008
ArcelorMittal lays off one third of Kazakh workers
(Reuters) - The Kazakh unit of steel giant ArcelorMittal has sent home one third of its work force on half pay for two weeks as part of a planned output cut.
Kazakhstan Energy Roundup - October 6, 2008
KazMunaiGas to develop offshore field with ConocoPhilips, Mubadala
(SRI) - KazMunaiGas, the Kazakh national oil company, signed a memorandum of understanding with ConocoPhillips and Mubadala Development Company to explore and develop the N Block, an offshore field in the Caspian Sea.
ANALYSIS: Kazakh bankers’ take on crisis: “Been there, done that”
(bne) - For the second year running, BTA Bank’s Almaty Interbanking Conference opened in the midst of a financial crisis. Last September, the Kazakh banking sector had recently been plunged into turmoil; this year, the conference opened after a 10-day firestorm that had devastated global financial markets.
