Archive for March 12th, 2009
Kazakhstan Daily News Roundup - March 12, 2009
HEADLINES:
Kazakh president blames dollar for economic crisis
(Reuters) - Kazakhstan, abandoning its usual balancing act to keep good ties with both the United States and Russia, blamed the dollar’s dominance for global economic problems and argued for a new international currency.
Sberbank in talks to buy 100 percent of BTA
(SRI) - Sberbank, Russia’s largest state-owned bank, is reportedly in talks to buy 100 percent of BTA Bank, Kazakhstan’s recently nationalized leading bank.
Kashagan unaffected by global economic crisis, Shell executive (SRI)
Kazakhstan may seek outside assistance to finance bailout program (SRI)
ENERGY:
Astana wants controlling stake in KCTS project
(EurasiaNet) - Kazakhstan is insisting on a controlling stake in a venture designed to funnel oil into the Baku-Tbilisi-Ceyhan pipeline.
Conoco: Drilling at Kazakhstan N-block to start in mid-2010
(Dow Jones - Lloyd’s) - Speaking at the company’s annual analyst meeting in New York, executives of ConocoPhillisp also said the project’s seismic program will be done in the fourth quarter of this year.
LyondellBasell confirms commitment to Kazakhstan polyolefins
(ICIS.com) - LyondellBasell confirmed on Wednesday its on-going participation in the $5.2bn (€4.1bn), petrochemicals complex in Atyrau, Kazakhstan, despite Kazakhstan official comments to the contrary.
Arawak releases 2008 reserves summary (CNW)
MINERAL RESOURCES:
ENRC postponed JV plabs with Chinese JISCO
(SRI) - Jiuquan Iron and Steel Group (JISCO), one of China’s biggest stainless steel makers, has reportedly postponed its joint venture project with Kazakh Eurasian Natural Resources Corp (ENRC).
BUSINESS AND ECONOMY:
Kazakh president blames dollar for economic crisis (Reuters)
Sberbank in talks to buy 100 percent of BTA (SRI)
Fugitive Kazakh banker accuses government
(Kyiv Post - Reuters) - A banker and former opposition leader who fled Kazakhstan after his bank was nationalised has described fraud allegations against him as a politically motivated attempt to discredit him.
Indicators - March 11, 2009 (Reuters)
Kazakhstan Business and Economy Roundup - March 12, 2009
Kazakh president blames dollar for economic crisis (Reuters)
Sberbank in talks to buy 100 percent of BTA (SRI)
Fugitive Kazakh banker accuses government
(Kyiv Post - Reuters) - A banker and former opposition leader who fled Kazakhstan after his bank was nationalised has described fraud allegations against him as a politically motivated attempt to discredit him.
Indicators - March 11, 2009 (Reuters)
Kazakhstan Energy Roundup - March 12, 2009
Astana wants controlling stake in KCTS project
(EurasiaNet) - Kazakhstan is insisting on a controlling stake in a venture designed to funnel oil into the Baku-Tbilisi-Ceyhan pipeline.
Conoco: Drilling at Kazakhstan N-block to start in mid-2010
(Dow Jones - Lloyd’s) - Speaking at the company’s annual analyst meeting in New York, executives of ConocoPhillisp also said the project’s seismic program will be done in the fourth quarter of this year.
LyondellBasell confirms commitment to Kazakhstan polyolefins
(ICIS.com) - LyondellBasell confirmed on Wednesday its on-going participation in the $5.2bn (€4.1bn), petrochemicals complex in Atyrau, Kazakhstan, despite Kazakhstan official comments to the contrary.
Sberbank in talks to buy 100 percent of BTA
(SRI) - Sberbank, Russia’s largest state-owned bank, is reportedly in talks to buy 100 percent of BTA Bank, Kazakhstan’s recently nationalized leading bank, a Sberbank executive said, according to Interfax.
Kazakh president blames dollar for economic crisis
(Reuters) - Kazakhstan, abandoning its usual balancing act to keep good ties with both the United States and Russia, blamed the dollar’s dominance for global economic problems and argued for a new international currency.
