Archive for January 13th, 2009

Kazakhstan Daily News Roundup - January 13, 2009

ENERGY:

ONGC may get up to 40 pct in Kazakh block - government source
(Reuters) - India’s ONGC Videsh is close to buying a stake of up to 40 percent in the Satpayev block in Kazakhstan, an oil ministry official told reporters on Monday.

Bolat Nazarov appointed new head of KazTransGas
(KazTAG ) - Bolat Nazarov was appointed president KazTransGas, the national gas pipeline opeartor, succeeding Yesenali Usenov in the position.

KazTransOil increases oil transportation in 2008
(SRI) - KazTransOil, the national pipeline operator, transported 47.5 million tons of oil through its oil pipelines in 2008 vs. 45.7 million tons in 2007, a 3.9-percent increase.

Uranium production in Kazakhstan up 28 percent
(SRI) - Kazatomprom, Kazakhstan’s national nuclear company, produced 8,500.5 tons of uranium last year, a 28-percent increase compared to the previous year, according to the government’s estimates.

KazMunaiGas buys majority stake in Kazakh oil firm
(Reuters) - Kazakh state oil and gas company KazMunaiGas said on Monday it had bought a controlling stake in local upstream company MangistauMunaiGas.

Uranium deal: NPCIL to ink pact with Kazakhstan
(livemint.com) - Under the proposed agreement, at least 120 tonnes of uranium will be imported from Kazakhsatan by NPCIL.

Transmeridian secures short-term funding and announces management changes (Globe Newswire)

BUSINESS AND ECONOMY:

Former presidential advisor rumored to take control over BTA Bank
(KazTAG) - Bulat Utemuratov, one of Kazakhstan’s seven billionaires, is rumored to buy 26 percent of ordinary (voting) shares in BTA bank, Kazakhstan’s largest bank.

Foreign direct investment up January-September 2008
(SRI) - Foreign direct investment in Kazakhstan increased to USD12.842 billion in January through September 2008 from USD10.891 billion in the same period in 2007, a rise of 17.9 percent.

Fitch warns of impact of macroeconomic instability in Kazakhstan
(Fitch Ratings) - The impact of a weaker global macroeconomic outlook on commodity prices and intensified global financial market volatility have lowered the resilience of Kazakhstan’s sovereign credit profile.

High inflation and currency devaluation in Russia, Belarus and Ukraine may affect Kazakhstan - Minister of Industry and Trade (SRI)

Kazakhstan gold/forex reserves rise in December
(Reuters) - Kazakhstan’s net gold and foreign currency reserves rose to $19.4 billion as of Dec. 31 from $19.1 billion on Nov. 30, the central bank said.

Kazakh officials take action to protect domestic production
(EurasiaNet) - Kazakhstan is set to introduce tariffs on a range of imported goods.

National Bank of Kazakhstan: Exchange rates January 13, 2009 (Kazinform)

Indicators - January 12, 2009 (Reuters)

POLITICS:

Kazakh PM tells ministers “get blogging”
(Reuters) - Kazakh Prime Minister Karim Masimov Monday told his ministers to start personal blogs to get them closer to the people of the former Soviet state.

Kazakh government’s main objective this year is to prevent unemployment – PM (Interfax)

Kazakhstan to enter OSCE Troika (Interfax)

REGIONAL:

Central Asia’s waking giant
(Turkish Weekly) - The Shanghai Cooperation Organization (SCO) brings together almost half the world’s population and it includes some of the world’s fastest growing economies. Yet few outside Central Asia have heard much about it.

Kazakhstan Regional News Roundup - January 13, 2009

Central Asia’s waking giant
(Turkish Weekly) - The Shanghai Cooperation Organization (SCO) brings together almost half the world’s population and it includes some of the world’s fastest growing economies. Yet few outside Central Asia have heard much about it.

Kazakhstan Politics Roundup - January 13, 2009

Kazakh PM tells ministers “get blogging”
(Reuters) - Kazakh Prime Minister Karim Masimov Monday told his ministers to start personal blogs to get them closer to the people of the former Soviet state.

Kazakh government’s main objective this year is to prevent unemployment – PM (Interfax)

Kazakhstan to enter OSCE Troika (Interfax)

Kazakhstan Business and Economy Roundup - January 13, 2009

Former presidential advisor rumored to take control over BTA Bank
(KazTAG) - Bulat Utemuratov, one of Kazakhstan’s seven billionaires, is rumored to buy 26 percent of ordinary (voting) shares in BTA bank, Kazakhstan’s largest bank.

Foreign direct investment up January-September 2008
(SRI) - Foreign direct investment in Kazakhstan increased to USD12.842 billion in January through September 2008 from USD10.891 billion in the same period in 2007, a rise of 17.9 percent.

Fitch warns of impact of macroeconomic instability in Kazakhstan
(Fitch Ratings) - The impact of a weaker global macroeconomic outlook on commodity prices and intensified global financial market volatility have lowered the resilience of Kazakhstan’s sovereign credit profile.

High inflation and currency devaluation in Russia, Belarus and Ukraine may affect Kazakhstan - Minister of Industry and Trade (SRI)

Kazakhstan gold/forex reserves rise in December
(Reuters) - Kazakhstan’s net gold and foreign currency reserves rose to $19.4 billion as of Dec. 31 from $19.1 billion on Nov. 30, the central bank said.

Kazakh officials take action to protect domestic production
(EurasiaNet) - Kazakhstan is set to introduce tariffs on a range of imported goods.

National Bank of Kazakhstan: Exchange rates January 13, 2009 (Kazinform)

Indicators - January 12, 2009 (Reuters)

Kazakhstan Energy Roundup - January 13, 2009

ONGC may get up to 40 pct in Kazakh block - government source
(Reuters) - India’s ONGC Videsh is close to buying a stake of up to 40 percent in the Satpayev block in Kazakhstan, an oil ministry official told reporters on Monday.

Bolat Nazarov appointed new head of KazTransGas
(KazTAG ) - Bolat Nazarov was appointed president KazTransGas, the national gas pipeline opeartor, succeeding Yesenali Usenov in the position.

KazTransOil increases oil transportation in 2008
(SRI) - KazTransOil, the national pipeline operator, transported 47.5 million tons of oil through its oil pipelines in 2008 vs. 45.7 million tons in 2007, a 3.9-percent increase.

Uranium production in Kazakhstan up 28 percent
(SRI) - Kazatomprom, Kazakhstan’s national nuclear company, produced 8,500.5 tons of uranium last year, a 28-percent increase compared to the previous year, according to the government’s estimates.

KazMunaiGas buys majority stake in Kazakh oil firm
(Reuters) - Kazakh state oil and gas company KazMunaiGas said on Monday it had bought a controlling stake in local upstream company MangistauMunaiGas.

Uranium deal: NPCIL to ink pact with Kazakhstan
(livemint.com) - Under the proposed agreement, at least 120 tonnes of uranium will be imported from Kazakhsatan by NPCIL.

Transmeridian secures short-term funding and announces management changes (Globe Newswire)

Foreign direct investment up January-September 2008

(SRI) - Foreign direct investment in Kazakhstan increased to USD12.842 billion in January through September 2008 from USD10.891 billion in the same period in 2007, a rise of 17.9 percent, the National Bank of Kazakhstan reported.

(more…)

Bolat Nazarov appointed new head of KazTransGas

(KazTAG ) - Bolat Nazarov was appointed president KazTransGas, the national gas pipeline opeartor, succeeding Yesenali Usenov in the position.

(more…)

Georgia refuses to confirm purchase of KTG-Tbilisi by SOCAR

(KazTAG) - Georgian Energy Minister Alexandr Khetaguri refused to confirm whether KazTransGas-Tbilisi, cuurently owned by KaztransGas, has been acquired by State Oil Company of Azerbaijani Republic (SOCAR).

(more…)

KazTransOil increases oil transportation in 2008

(SRI) - KazTransOil, the national pipeline operator, transported 47.5 million tons of oil through its oil pipelines in 2008 vs. 45.7 million tons in 2007, a 3.9-percent increase, Interfax reported.

(more…)

High inflation and currency devaluation in Russia, Belarus and Ukraine may affect Kazakhstan - Minister of Industry and Trade

(KazTAG) - High inflation and devaluation of the national currency in Russia, Belarus, Ukraine can affect Kazakhstan, Minister of Industry and Trade Vladimir Shkolnik said.

(more…)

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