Archive for June 15th, 2009

Uranium One acquires interest in Kazakhstan mine

(Stockhouse) - Uranium One announced Monday that it has signed an agreement to acquire a 50-percent interest in the Karatau Uranium Mine in Kazakhstan from JSC Atomredmetzoloto, the Russian state-owned uranium mining company.
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Kazakhstan Daily News Roundup - June 15, 2009

HEADLINES:

Central bank officials to meet Alliance Bank’s creditors
(SRI) - Creditors of Alliance Bank, which defaulted on its foreign debt in April, will meet with officials of the National Bank of Kazakhstan this week to discuss the ongoing restructuring talks.

Islamic banks interested in Kazakh market - Marchenko
(SRI) - Kazakhstan expects three or four Islamic banks to start operating in the country this year.

Kazakh economy to rebound in second half - EBRD head
(SRI) - Kazakhstan’s economy should rebound in the second half of this year as long as global crude prices remain above current levels.

ENERGY:

Tethys offering shares to fund development
(SRI) - Tethys Petroleum, a Canada-based junior oil and gas producer with operation in Central Asia, plans to raise as much as C$21.9 million by issuing up to 51.7 million shares of the company.

Oil executives call on Kazakh government to help foster development and production (SRI)

Cuts to Kashagan budget to be specified in June: Head of KazMunaiGas (TREND)

LUKOIL to broaden its activity in Kazakhstan (Itar-Tass)

Uranium One shares rise on Kazakh assurances (Reuters)

Kazakhstan to raise $1 billion investment from emission quotas trading - Nazarbayev (Interfax)

Eni to build gas processing plant and gas fired power plant in Kazakhstan (Interfax)

BUSINESS AND ECONOMY:

IMF head to visit Kazakhstan (SRI)

Former BTA boss warns of Kazakhstan investor risks
(Times Online) - Mukhtar Ablyazov has urged Western businesses to boycott a London summit aimed at boosting trade between Britain and the Central Asian country.

Kazakhstan financial system has enough liquidity - Marchenko (Interfax)

Air Astana announces new flight to Novosibirsk (easier.com)

Kazakhstan to export 5.5 million tons of grains (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates June 13, 14, 15, 2009 (Kazinform)

POLITICS:

Kazakhstan holds talks on hosting nuclear fuel bank with IAEA, not the U.S. – U.S. ambassador (Interfax)

U.S. hopes democratization of Kazakh political system will continue - U.S. ambassador (Interfax)

U.S. hails Kazakhstan’s anticorruption efforts but disapproves of any politically motivated criminal prosecutions – U.S. ambassador (Interfax)

REGIONAL:

U.S. not looking for base in Uzbekistan - diplomat (AFP)

Senior US delegation plans to visit Kyrgyzstan: presidency (AFP)

Obama seeks closer ties with Kyrgyzstan (AP)

US envoy praises Georgia’s handling of opposition protests (AFP)

Kazakhstan Politics Roundup - June 15, 2009

Kazakhstan holds talks on hosting nuclear fuel bank with IAEA, not the U.S. – U.S. ambassador (Interfax)

U.S. hopes democratization of Kazakh political system will continue - U.S. ambassador (Interfax)

U.S. hails Kazakhstan’s anticorruption efforts but disapproves of any politically motivated criminal prosecutions – U.S. ambassador (Interfax)

Kazakhstan Business and Economy Roundup - June 15, 2009

IMF head to visit Kazakhstan (SRI)

Central bank officials to meet Alliance Bank’s creditors (SRI)

Islamic banks interested in Kazakh market - Marchenko (SRI)

Kazakh economy to rebound in second half - EBRD head (SRI)

Former BTA boss warns of Kazakhstan investor risks (Times Online)

Kazakhstan financial system has enough liquidity - Marchenko (Interfax)

Air Astana announces new flight to Novosibirsk (easier.com)

Kazakhstan to export 5.5 million tons of grains (AgriMarket.Info)

National Bank of Kazakhstan: Exchange rates June 13, 14, 15, 2009 (Kazinform)

IMF head to visit Kazakhstan

(SRI) - Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund (IMF), will visit Kazakhstan as part of his trip to Central Asia on June 15-18.

(more…)

Kazakhstan Energy Roundup - June 15, 2009

Tethys offering shares to fund development (SRI)

Oil executives call on Kazakh government to help foster development and production (SRI)

Cuts to Kashagan budget to be specified in June: Head of KazMunaiGas (TREND)

LUKOIL to broaden its activity in Kazakhstan (Itar-Tass)

Uranium One shares rise on Kazakh assurances (Reuters)

Kazakhstan to raise $1 billion investment from emission quotas trading - Nazarbayev (Interfax)

Eni to build gas processing plant and gas fired power plant in Kazakhstan (Interfax)

Oil executives call on Kazakh government to help foster development and production

(SRI) - The Kazakh government should simplify procedures allowing the creation of joint ventures to develop the country’s oil and gas sector, Mark Albers, senior vice president of ExxonMobil, said last Friday at the Foreign Investors Council’s meeting in Kostanai.

(more…)

Kazakh economy to rebound in second half - EBRD head

(SRI) - Kazakhstan’s economy should rebound in the second half of this year as long as global crude prices remain above current levels, EBRD head Thomas Mirow told Reuters on Friday.

(more…)

Islamic banks interested in Kazakh market - Marchenko

(SRI) - Kazakhstan expects three or four Islamic banks to start operating in the country this year, the chairman of the National Bank of Kazakhstan Grigoriy Marchenko said at a foreign investment forum last week.

(more…)

Kazakhstan Regional News Roundup - June 15, 2009

U.S. not looking for base in Uzbekistan - diplomat (AFP)

Senior US delegation plans to visit Kyrgyzstan: presidency (AFP)

Obama seeks closer ties with Kyrgyzstan (AP)

US envoy praises Georgia’s handling of opposition protests (AFP)

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