Archive for October 30th, 2008
Kazakhstan Daily News Roundup - October 30, 2008
ENERGY:
Lukoil and KMG may acquire BP’s assets in Kazakhstan
(SRI) - Russian Lukoil could snap up BP’s stakes in the Caspian Pipeline Consortium (CPC) and the Tengiz field in Kazakhstan, provided it has the money to complete the deals.
Tengiz crude starts flowing in BTC pipeline
(Reuters) - The Chevron-led Tengiz project in Kazakhstan has started supplying crude oil to the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Kazakh-Tajik energy cooperation discussed (Kazinform)
Kazakh Prime Minister meets with Indian Minister of Power (Kazinform)
Transmeridian Exploration extends exchange offer deadline for senior debt due 2010 (MarketWatch)
MINERAL RESOURCES:
ShalkiyaZinc’s first half results disappoint
(SRI) - ShalkiyaZinc NV, a London-listed mining company reported a net loss of USD 8.439 million in the first six months of 2008, compared to a net profit of $2.762 million in the same period last year.
BUSINESS AND ECONOMY:
Three largest banks agree to sell stakes to the government
(SRI) - Three of Kazakhstan’s four largest banks have agreed to sell minority stakes to the government, as the country attempts to fight off the global credit crunch and prevent a systemic collapse of its banking sector.
Kazakh banks’ combined profits down 61.5 percent in first nine months of 2008
(SRI) - The combined net profit of all 36 banks operating in Kazakhstan for the first nine months decreased by 61.5 percent to KZT 71.0 billion (USD 592 million) compared to the same period last year.
Kazakhstan does its own bailing
(Asia Times) - Kazakhstan is discovering the benefits of salting away wealth in the good times as it seeks to survive the global downturn without recourse to foreign aid.
Ansher frontier funds up in October
(HedgeCo.net) - Alternative investor Ansher Holding Limited, which is focused on investments in Central Asia and the Caucasus, has reported their equity long/short hedge fund is up 13% YTD.
National Bank of Kazakhstan: Exchange rates October 30, 2008 (Kazinform)
Indicators - October 29, 2008 (Reuters)
POLITICS:
Kazakh Premier meets with Iranian First Vice President (Kazinform)
Chinese Premier arrives in Kazakhstan (Kazinform)
Lukoil and KMG may acquire BP’s assets in Kazakhstan
(SRI) - Russian Lukoil could snap up BP’s stakes in the Caspian Pipeline Consortium (CPC) and the Tengiz field in Kazakhstan, provided it has the money to complete the deals, according to Energy Intelligence.
Kazakhstan Business and Economy Roundup - October 30, 2008
Three largest banks agree to sell stakes to the government
(SRI) - Three of Kazakhstan’s four largest banks have agreed to sell minority stakes to the government, as the country attempts to fight off the global credit crunch and prevent a systemic collapse of its banking sector.
Kazakh banks’ combined profits down 61.5 percent in first nine months of 2008
(SRI) - The combined net profit of all 36 banks operating in Kazakhstan for the first nine months decreased by 61.5 percent to KZT 71.0 billion (USD 592 million) compared to the same period last year.
Kazakhstan does its own bailing
(Asia Times) - Kazakhstan is discovering the benefits of salting away wealth in the good times as it seeks to survive the global downturn without recourse to foreign aid.
Ansher frontier funds up in October
(HedgeCo.net) - Alternative investor Ansher Holding Limited, which is focused on investments in Central Asia and the Caucasus, has reported their equity long/short hedge fund is up 13% YTD.
National Bank of Kazakhstan: Exchange rates October 30, 2008 (Kazinform)
Indicators - October 29, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - october 30, 2008
ShalkiyaZinc’s first half results disappoint
(SRI) - ShalkiyaZinc NV, a London-listed mining company reported a net loss of USD 8.439 million in the first six months of 2008, compared to a net profit of $2.762 million in the same period last year.
Kazakhstan Energy Roundup - October 30, 2008
Lukoil and KMG may acquire BP’s assets in Kazakhstan
(SRI) - Russian Lukoil could snap up BP’s stakes in the Caspian Pipeline Consortium (CPC) and the Tengiz field in Kazakhstan, provided it has the money to complete the deals.
Tengiz crude starts flowing in BTC pipeline
(Reuters) - The Chevron-led Tengiz project in Kazakhstan has started supplying crude oil to the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Kazakh-Tajik energy cooperation discussed (Kazinform)
Kazakh Prime Minister meets with Indian Minister of Power (Kazinform)
Transmeridian Exploration extends exchange offer deadline for senior debt due 2010 (MarketWatch)
Kazakhstan Politics Roundup - October 30, 2008
Kazakh Premier meets with Iranian First Vice President (Kazinform)
Chinese Premier arrives in Kazakhstan (Kazinform)
Three largest banks agree to sell stakes to the government
(SRI) - Three of Kazakhstan’s four largest banks have agreed to sell minority stakes to the government, as the country attempts to fight off the global credit crunch and prevent a systemic collapse of its banking sector.
