Archive for November, 2008
Kazakhstan Daily News Roundup - November 28, 2008
ENERGY:
Tax on oil to range from 5 to 18 percent
(SRI) - The new Tax Code which was approved by the Kazakh parliament on Wednesday sets new tax rates for oil production, ranging between 5 and 18 percent in 2009 and 6 and 19 percent in 2010.
LUKoil eyes bigger stake in CPC pipeline
(The Moscow Times) - LUKoil is in talks to buy BP’s stake in the Caspian Pipeline Consortium, which may clear the way for expanding the link.
CPC shareholders move for capacity increase (RBC News)
Kazakhstan, Russia to boost uranium despite crisis
(Reuters) - Kazakhstan and Russia, which jointly control one-quarter of the world’s recoverable uranium resources, will raise output next year and see uranium demand remaining high due to surging demand for nuclear power in Asia.
Euro-Caspian energy plans inch forward
(Asia Times) - Azerbaijan’s SOCAR and Kazakhstan’s KazMunaiGaz this month signed an agreement setting out the main principles for a transport system to convey Kazakh oil across the Caspian Sea into the Baku-Tbilisi-Ceyhan (BTC) pipeline and subsequent re-export to world markets.
Zhaikmunai extends Chinarevskoye license
(SRI) - ZhaikMunai L.P., an LSE-listed Kazakh oil producer, yesterday announced that it had been given a three year extension of its Chinarevskoye exploration license until May 26, 2011.
All violations of Kazakh legislation in “Agip KCO” will be eliminated: Akim of Atyrau region (Kazinform)
MINERAL RESOURCES:
Employees of Kazakh subsidiary reluctant to obtain Arcelor Mittal shares (Interfax)
BUSINESS AND ECONOMY:
Seven Rivers to cross into venture capital
(bne) - Almaty-based asset management firm Seven Rivers Capital has a finger in a number of pies. Already the manager of the multi-billion-dollar G4 City project and the Hanwha Kazakhstan fund, its newest vehicle, the LogyCom Perspective Innovations fund, represents its first foray into venture capital.
Renaissance Capital to advise Kazakh distressed asset fund
(Reuters) - Kazakhstan has appointed Renaissance Capital to advise on the creation of its distressed asset fund.
Parliament adopts new Tax Code and associated amendments (Interfax)
Moody’s affirms B1/E+/A1.ru deposit ratings of BTA Bank (Russia); stable outlook (The FINANCIAL)
National Bank of Kazakhstan: Exchange rates November 28, 2008 (Kazinform)
Indicators - November 27, 2008 (Reuters)
POLITICS:
Kazakh lawmakers pass controversial religion bill, surprising OSCE
(RFE/RL) - Kazakhstan appears to have wrong-footed the human rights and security organization shortly after agreeing to coordinate with it on controversial legislation on freedom of worship.
Kazakh senate ratifies memorandums with U.S. on use of airports for operation in Afghanistan (Interfax)
Kazakh-British cooperation discussed in Senate (Kazinform)
REGIONAL:
U.S. continues to probe rail rouse via Central Asia to Afghanistan
(EurasiaNet) - American military officials are continuing to press for alternative transport routes to Afghanistan, with senior commanders exploring the feasibility of a rail route through the Caucasus and Central Asia.
Azerbaijan and Kazakhstan withdraw from Iraq: Shifts in Eurasian peacekeeping politics (CACI Analyst)
Kazakhstan Politics Roundup - November 28, 2008
Kazakh lawmakers pass controversial religion bill, surprising OSCE
(RFE/RL) - Kazakhstan appears to have wrong-footed the human rights and security organization shortly after agreeing to coordinate with it on controversial legislation on freedom of worship.
Kazakh senate ratifies memorandums with U.S. on use of airports for operation in Afghanistan (Interfax)
Kazakh-British cooperation discussed in Senate (Kazinform)
Kazakhstan Business and Economy Roundup - November 28, 2008
Seven Rivers to cross into venture capital
(bne) - Almaty-based asset management firm Seven Rivers Capital has a finger in a number of pies. Already the manager of the multi-billion-dollar G4 City project and the Hanwha Kazakhstan fund, its newest vehicle, the LogyCom Perspective Innovations fund, represents its first foray into venture capital.
Renaissance Capital to advise Kazakh distressed asset fund
(Reuters) - Kazakhstan has appointed Renaissance Capital to advise on the creation of its distressed asset fund.
Parliament adopts new Tax Code and associated amendments (Interfax)
Moody’s affirms B1/E+/A1.ru deposit ratings of BTA Bank (Russia); stable outlook (The FINANCIAL)
National Bank of Kazakhstan: Exchange rates November 28, 2008 (Kazinform)
Indicators - November 27, 2008 (Reuters)
Kazakhstan Mineral Resources Roundup - November 28, 2008
Employees of Kazakh subsidiary reluctant to obtain Arcelor Mittal shares (Interfax)
Kazakhstan Energy Roundup - November 28, 2008
Tax on oil to range from 5 to 18 percent
(SRI) - The new Tax Code which was approved by the Kazakh parliament on Wednesday sets new tax rates for oil production, ranging between 5 and 18 percent in 2009 and 6 and 19 percent in 2010.
LUKoil eyes bigger stake in CPC pipeline
(The Moscow Times) - LUKoil is in talks to buy BP’s stake in the Caspian Pipeline Consortium, which may clear the way for expanding the link.
CPC shareholders move for capacity increase (RBC News)
Kazakhstan, Russia to boost uranium despite crisis
(Reuters) - Kazakhstan and Russia, which jointly control one-quarter of the world’s recoverable uranium resources, will raise output next year and see uranium demand remaining high due to surging demand for nuclear power in Asia.
Euro-Caspian energy plans inch forward
(Asia Times) - Azerbaijan’s SOCAR and Kazakhstan’s KazMunaiGaz this month signed an agreement setting out the main principles for a transport system to convey Kazakh oil across the Caspian Sea into the Baku-Tbilisi-Ceyhan (BTC) pipeline and subsequent re-export to world markets.
Zhaikmunai extends Chinarevskoye license
(SRI) - ZhaikMunai L.P., an LSE-listed Kazakh oil producer, yesterday announced that it had been given a three year extension of its Chinarevskoye exploration license until May 26, 2011.
All violations of Kazakh legislation in “Agip KCO” will be eliminated: Akim of Atyrau region (Kazinform)
Kazakhstan Regional News Roundup - November 28, 2008
U.S. continues to probe rail rouse via Central Asia to Afghanistan
(EurasiaNet) - American military officials are continuing to press for alternative transport routes to Afghanistan, with senior commanders exploring the feasibility of a rail route through the Caucasus and Central Asia.
Azerbaijan and Kazakhstan withdraw from Iraq: Shifts in Eurasian peacekeeping politics (CACI Analyst)
Tax on oil to range from 5 to 18 percent
(SRI) - The new Tax Code which was approved by the Kazakh parliament on Wednesday sets new tax rates for oil production, ranging between 5 and 18 percent in 2009 and 6 and 19 percent in 2010.
Zhaikmunai extends Chinarevskoye license
(SRI) - ZhaikMunai L.P., an LSE-listed Kazakh oil producer, yesterday announced that it had been given a three year extension of its Chinarevskoye exploration license until May 26, 2011.
ANALYSIS: Seven Rivers to cross into venture capital
(bne) - Almaty-based asset management firm Seven Rivers Capital has a finger in a number of pies. Already the manager of the multi-billion-dollar G4 City project and the Hanwha Kazakhstan fund, its newest vehicle, the LogyCom Perspective Innovations fund, represents its first foray into venture capital.
Kazakhstan Daily News Roundup - November 26, 2008
ENERGY:
Interfax, Platts launch joint Russian language publication on the energy market (Interfax)
BUSINESS AND ECONOMY:
Kazakhs approve $10 bln financial rescue package
(AP) - Kazakhstan’s government approved a $10 billion financial rescue package Tuesday that it hopes will lead the oil-rich country out of economic crisis over the next two years.
Government reduces revenue forecast for 2009
(SRI) - Amid falling world commodity prices, Kazakhstan has reduced its revenue forecast for next year to KZT 1.9 trillion (USD 15.75 billion), a reduction of USD 2.5 billion.
NBK revised inflation forecast
(SRI) - National Bank of Kazakhstan revised its inflation forecast for 2009 to 7.5 to 9.5 percent, according to its president Anvar Saidenov.
Kazakhstan cuts growth outlook, citing commodities
(Reuters) - Kazakhstan nearly halved its three-year economic growth range to below three percent on Tuesday, blaming weaker prices for its oil and metals exports.
National Bank may inject up to $500 million in commercial banks to provide additional liquidity (Interfax)
FSA to take measures on state regulation of financial sector (Kazinform)
Astana construction boom rivals the Gulf
(The National) - Probably no city on Earth has been transformed over the past decade as much as Astana, the capital of Kazakhstan.
Kazakhstan: wheat purchasing prices down (AgriMarket.Info)
KazAgro Holding developed 2009-2011 Investment Program: Government sitting (Kazinform)
National Bank of Kazakhstan: Exchange rates November 26, 2008 (Kazinform)
Indicators - November 25, 2008 (Reuters)
REGIONAL:
Nabucco gas link on track despite credit crisis - MD
(Reuters - Guardian) - The construction of the Nabucco gas pipeline should start in 2010 as planned despite a more difficult economic environment, the consortium’s Managing Director Reinhard Mitschek said.
