Archive for October 14th, 2008
BG denies talks to sell Karachaganak stake to KMG
(Reuters) - British gas producer BG Group Plc said it was not in talks to sell part of its stake in the giant Karachaganak gas field to Kazakhstan’s state oil and gas company, KazMunaiGas.
Kazakhstan Daily News Roundup - October 14, 2008
ENERGY:
Export capacity cramps Kazakhstan’s oil ambitions
(Reuters - Guardian) - Kazakhstan, eager to become one of the top 10 global oil producers by 2015, will struggle to provide enough capacity to export its swelling crude output to buyers in Europe and China.
BG denies talks to sell Karachaganak stake to KMG
(Reuters) - British gas producer BG Group Plc said it was not in talks to sell part of its stake in the giant Karachaganak gas field to Kazakhstan’s state oil and gas company, KazMunaiGas.
Chevron to start Kazakh oil flow to BTC in October
(Reuters) - A Kazakh oil group led by U.S. major Chevron plans to start oil shipments via the BP-run Baku-Tbilisi-Ceyhan (BTC) pipeline in the second half of October.
China ready financing second part of Kazakhstan-China gas pipeline: CNPC Vice President (Kazinform)
MINERAL RESOURCES:
New Tax Code may give tax preference for miners and metal makers - Nazarbaev
(Interfax) - Kazakh President Nursultan Nazarbaev finds it feasible to prove for preferences to mining and metal making companies in the new Tax Code if they are involved in investment projects.
BUSINESS AND ECONOMY:
No bottom yet for Kazakh housing market
(bne) - There isn’t much to be optimistic about right now, so it should be no surprise that there is little evidence Kazakhstan’s dire residential real estate sector is bottoming out. Renaissance Capital is forecasting a gradual recovery over the next two to three years. Strong state support for the sector is expected to continue.
Kazyna and Samruk merging into single national welfare fund
(Interfax) - Samruk State Fund of Sustainable Development and Kazyna State Holding announced a merger into a single National Welfare Fund Samruk-Kazyna.
Kazakhstan January through September GDP growth slows to 4 percent
(Reuters) - Kazakhstan’s gross domestic product (GDP) growth slowed to 4.0 percent year-on-year in January-September from 9.7 percent in the same period of 2007.
Kazakhstan taps rainy day fund to stabilise economy
(Reuters - Forbes) - The government of Kazakhstan will use up to $10 billion from its rainy day National fund within the next two years to stabilise the economy hit by the credit crunch.
President calls for urgent forming of USD 1 billion Distressed Asset Fund
(Kazinform) - Kazakhstan president Nursultan Nazarbaev urges the government to speed up establishment of the Distressed Asset Fund.
Inflation slows down in Kazakhstan: A.Saidenov (Kazinform)
Kazakhstan, Uzbekistan sign accord on railway transportation (Turkish Weekly)
National Bank of Kazakhstan: Exchange rates October 14, 2008 (Kazinform)
Indicators - October 13, 2008 (Reuters)
POLITICS:
Russian Foreign Minister S.Lavrov to visit Kazakhstan (Kazinform)
SOCIETY:
A little slice of Scotland… in Kazakhstan
(Reuters) - More than three thousand miles (5,491 km) separate the Scottish Highlands and the Central Asian steppe, but a mutual interest in oil and gas has created a surprising alliance.
Kazakh bloggers say can’t access popular website
(Reuters) - Internet users in Kazakhstan complained of censorship Friday after being unable to access the popular blogging service Livejournal, but the state-owned telecoms company denied it was blocking it.
Kazakhstan Society Roundup - October 14, 2008
A little slice of Scotland… in Kazakhstan
(Reuters) - More than three thousand miles (5,491 km) separate the Scottish Highlands and the Central Asian steppe, but a mutual interest in oil and gas has created a surprising alliance.
Kazakh bloggers say can’t access popular website
(Reuters) - Internet users in Kazakhstan complained of censorship Friday after being unable to access the popular blogging service Livejournal, but the state-owned telecoms company denied it was blocking it.
Kazakhstan Politics Roundup - October 14, 2008
Russian Foreign Minister Lavrov to visit Kazakhstan (Kazinform)
Kazakhstan Business and Economy Roundup - October 14, 2008
No bottom yet for Kazakh housing market
(bne) - There isn’t much to be optimistic about right now, so it should be no surprise that there is little evidence Kazakhstan’s dire residential real estate sector is bottoming out. Renaissance Capital is forecasting a gradual recovery over the next two to three years. Strong state support for the sector is expected to continue.
Kazyna and Samruk merging into single national welfare fund
(Interfax) - Samruk State Fund of Sustainable Development and Kazyna State Holding announced a merger into a single National Welfare Fund Samruk-Kazyna.
Kazakhstan January through September GDP growth slows to 4 percent
(Reuters) - Kazakhstan’s gross domestic product (GDP) growth slowed to 4.0 percent year-on-year in January-September from 9.7 percent in the same period of 2007.
Kazakhstan taps rainy day fund to stabilise economy
(Reuters - Forbes) - The government of Kazakhstan will use up to $10 billion from its rainy day National fund within the next two years to stabilise the economy hit by the credit crunch.
President calls for urgent forming of USD 1 billion Distressed Asset Fund
(Kazinform) - Kazakhstan president Nursultan Nazarbaev urges the government to speed up establishment of the Distressed Asset Fund.
Inflation slows down in Kazakhstan: A.Saidenov (Kazinform)
Kazakhstan, Uzbekistan sign accord on railway transportation (Turkish Weekly)
National Bank of Kazakhstan: Exchange rates October 14, 2008 (Kazinform)
Indicators - October 13, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - October 14, 2008
New Tax Code may give tax preference for miners and metal makers - Nazarbaev
(Interfax) - Kazakh President Nursultan Nazarbaev finds it feasible to prove for preferences to mining and metal making companies in the new Tax Code if they are involved in investment projects.
Kazakhstan Energy Roundup - October 14, 2008
Export capacity cramps Kazakhstan’s oil ambitions
(Reuters - Guardian) - Kazakhstan, eager to become one of the top 10 global oil producers by 2015, will struggle to provide enough capacity to export its swelling crude output to buyers in Europe and China.
BG denies talks to sell Karachaganak stake to KMG
(Reuters) - British gas producer BG Group Plc said it was not in talks to sell part of its stake in the giant Karachaganak gas field to Kazakhstan’s state oil and gas company, KazMunaiGas.
Chevron to start Kazakh oil flow to BTC in October
(Reuters) - A Kazakh oil group led by U.S. major Chevron plans to start oil shipments via the BP-run Baku-Tbilisi-Ceyhan (BTC) pipeline in the second half of October.
China ready financing second part of Kazakhstan-China gas pipeline: CNPC Vice President (Kazinform)
ANALYSIS: No bottom yet for Kazakh housing market
(bne) - There isn’t much to be optimistic about right now, so it should be no surprise that there is little evidence Kazakhstan’s dire residential real estate sector is bottoming out. Renaissance Capital is forecasting a gradual recovery over the next two to three years. Strong state support for the sector is expected to continue.
Kazakhstan’s oil and gas production up for the year through September
(SRI) - In the first nine months of 2009, Kazakhstan produced 43.3 million tons of crude oil, 5.4 percent more than in the same period last year, and 9.1 million tons of gas condensate, a 0.5 percent increase, Interfax reported citing the National Statistics Agency.
At the same time, the country produced 24,498.3 million cubic meters of natural gas, an increase of 10.7 percent.
