Archive for January 20th, 2009
Kazakhstan Daily News Roundup - January 20, 2009
ANALYSIS:
Kazakhstan real estate: The big Apple Town
(bne) - While work on numerous real estate developments in Almaty has stalled, Woolim is continuing with its debut Kazakhstan project – Apple Town.
Economic crisis puts pressure on Kazakhstan’s reserves
(SRI) - Kazakhstan’s foreign currency and gold reserves, including those held by the National Fund, have increased by 14.5 percent in 2008.
ENERGY:
Korea Resources may acquire a stake in uranium mine in Kazakhstan
(SRI) - State-run Korea Resources Corp. (KORES) is seeking to acquire a stake in a large uranium mine in Kazakhstan this year, Dow Jones reported quoting a KORES official on Monday.
Roxi to farm out interest in BNG Contract Area, shares jump
(Reuters) - Kazakhstan-focused explorer Roxi Petroleum Plc said it agreed to farm out up to 35 percent of an exploration asset to Canamens Energy BV, a private-equity-funded upstream oil and gas company, sending its shares up 20 percent.
EDB gives USD25 million to Kazfrac LLP for gas utilization in Kyzylorda
(Interfax) - Eurasian Development Bank (EDB) announced that it had joined the project on the utilization of associated gas at the Kenlyk field in Kyzylorda oblast.
Pavlodar refinery flooded with unsold inventory (KazTAG)
Frontier Mining says debt and acquisition talks at an advanced stage (Proactive Investors)
Volume of manufacture of gasoline decreased in January - December by 4.8 percent (Kazakhstan Today)
MINERAL RESOURCES:
Kazakh government to create national mining company Tau-Ken Samruk
The company is expected to manage the government’s holdings in ENRC (the government has a 11.65-percent stake in the company), Kazakhmys (15 percent) and Bogatyr Access Komir (50 percent).
BUSINESS AND ECONOMY:
Kazakh tenge to fall no more than 10 ppercent in 2009
(Reuters) - Any weakening of Kazakhstan’s national tenge currency against the dollar this year should be capped at 10 percent, Economy Minister Bakhyt Sultanov said on Monday.
Kazakh KKB, Halyk to get USD1 billion each in January
(Reuters) - Kazakhstan’s second-largest bank Kazkommertsbank (KKB) and No.3 lender Halyk will get $1 billion each in state funds this month, the government said on Monday.
Kazakh Kaspi bank sees higher profit in 2008
(Reuters) - Kazakh Kaspi bank CSBN.KZ, formerly known as Caspian, expects net profit to grow 20-30 percent in 2008 despite the economic slowdown.
S&P affirms Kazakhstan’s sovereign rating
(KazTAG) – On January 16, Standard & Poor’s Ratings Services said it had affirmed its BBB- foreign currency and BBB local currency long-term sovereign credit ratings on the Republic of Kazakhstan.
Agricultural commodities harvest in Kazakhstan in 2008 (AgriMarket.Info
Development Bank of Kazakhstan to refinance projects for $400 million (Kazakhstan Today)
New chairman of Allianz Kazakhstan appointed (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates January 20, 2009 (Kazinform)
Indicators - January 19, 2009 (Reuters)
SOCIETY:
Kazakh passports to preserve ‘Nationality’ designation (RFE/RL)
Kazakhstan Business and Economy Roundup - January 20, 2009
Kazakh tenge to fall no more than 10 ppercent in 2009
(Reuters) - Any weakening of Kazakhstan’s national tenge currency against the dollar this year should be capped at 10 percent, Economy Minister Bakhyt Sultanov said on Monday.
Kazakh KKB, Halyk to get USD1 billion each in January
(Reuters) - Kazakhstan’s second-largest bank Kazkommertsbank (KKB) and No.3 lender Halyk will get $1 billion each in state funds this month, the government said on Monday.
Kazakh Kaspi bank sees higher profit in 2008
(Reuters) - Kazakh Kaspi bank CSBN.KZ, formerly known as Caspian, expects net profit to grow 20-30 percent in 2008 despite the economic slowdown.
S&P affirms Kazakhstan’s sovereign rating
(KazTAG) – On January 16, Standard & Poor’s Ratings Services said it had affirmed its BBB- foreign currency and BBB local currency long-term sovereign credit ratings on the Republic of Kazakhstan.
Agricultural commodities harvest in Kazakhstan in 2008 (AgriMarket.Info
Development Bank of Kazakhstan to refinance projects for $400 million (Kazakhstan Today)
New chairman of Allianz Kazakhstan appointed (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates January 20, 2009 (Kazinform)
Indicators - January 19, 2009 (Reuters)
Kazakhstan Mineral Resources Roundup - January 20, 2009
Kazakh government to create national mining company Tau-Ken Samruk
The company is expected to manage the government’s holdings in ENRC (the government has a 11.65-percent stake in the company), Kazakhmys (15 percent) and Bogatyr Access Komir (50 percent).
Kazakhstan Energy Roundup - January 20, 2009
Korea Resources may acquire a stake in uranium mine in Kazakhstan
(SRI) - State-run Korea Resources Corp. (KORES) is seeking to acquire a stake in a large uranium mine in Kazakhstan this year, Dow Jones reported quoting a KORES official on Monday.
Roxi to farm out interest in BNG Contract Area, shares jump
(Reuters) - Kazakhstan-focused explorer Roxi Petroleum Plc said it agreed to farm out up to 35 percent of an exploration asset to Canamens Energy BV, a private-equity-funded upstream oil and gas company, sending its shares up 20 percent.
EDB gives USD25 million to Kazfrac LLP for gas utilization in Kyzylorda
(Interfax) - Eurasian Development Bank (EDB) announced that it had joined the project on the utilization of associated gas at the Kenlyk field in Kyzylorda oblast.
Pavlodar refinery flooded with unsold inventory (KazTAG)
Frontier Mining says debt and acquisition talks at an advanced stage (Proactive Investors)
Volume of manufacture of gasoline decreased in January - December by 4.8 percent (Kazakhstan Today)
Kazakhstan Society Roundup - January 20, 2009
Kazakh passports to preserve ‘Nationality’ designation (RFE/RL)
Korea Resources may acquire a stake in uranium mine in Kazakhstan
(SRI) - State-run Korea Resources Corp. (KORES) is seeking to acquire a stake in a large uranium mine in Kazakhstan this year, Dow Jones reported quoting a KORES official on Monday.
Kazakh government to create national mining company Tau-Ken Samruk
(SRI) - The Kazakh government has made a decision to create a national mining company Tau-Ken Samruk, Interfax reported last week referring to a source within the government.
S&P affirms Kazakhstan’s sovereign rating
(KazTAG) – On January 16, Standard & Poor’s Ratings Services said it had affirmed its BBB- foreign currency and BBB local currency long-term sovereign credit ratings on the Republic of Kazakhstan.
Pavlodar refinery flooded with unsold inventory
(KazTAG) - Pavlodar petrochemical plant is flooded with large inventories of oil products and faces difficulties in selling them due to competitive pressure of growing import of Russian products.
ANALYSIS: Kazakhstan real estate: The big Apple Town
(bne) - While work on numerous real estate developments in Almaty has stalled, Woolim is continuing with its debut Kazakhstan project – Apple Town.
