Archive for June 18th, 2009
Kazakhstan Daily News Roundup - June 18, 2009
HEADLINES:
Kazakhstan turns up heat on Moldovan oligarch oil assets
(bne) - Kazakh authorities have brought criminal charges and tax claims against oil companies owned by the oppositional Moldovan oligarch Anatol Stati, in what appears to be a case of authoritarian rulers in the former Soviet bloc learning to cover each other’s backs.
Karachaganak third-phase plans to be decided this year - BG
(SRI) - BG Group Plc, the British oil and gas company, said on Wednesday it hoped to reach a decision on the design of a delayed expansion of its Karachaganak project in Kazakhstan by the end of the year.
Kazzinc to increase production; expects lower revenues in 2009
(SRI) - Kazakhstan’s zinc producer Kazzinc plans to increase its production of zinc, lead and gold this year despite falling demand and low metal prices but warns that revenues will be a third lower than in 2008.
ENERGY:
Kazatomprom eyeing Brazilian company
(SRI) - Kazatomprom, Kazakhstan’s state nuclear company, is considering to acquire a Brazilian producer of tantalum, a heavy metal used to make reactor parts.
Kazakh oil group seeks acquisitions
(Financial Times) - KazMunaigas Exploration and Production, the listed arm of Kazakhstan’s national oil company, has $4 billion of cash available for acquisitions and hopes to agree deals before the end of the year.
KMG EP projects fall in output in 2009
(SRI) - KazMunaiGas Exploration Production (KMG EP) expects crude oil production to fall 3.5 percent in 2009.
BUSINESS AND ECONOMY:
Kazakh banks won’t need further aid - Marchenko
(Bloomberg) - Kazakhstan’s banks, three of which have defaulted on their debt payments, need “no additional” state aid this year, central bank Chairman Grigoriy Marchenko said.
S&P places KazMunaiGas and subsidiaries in CreditWatch with negative oulook (S&P)
S&P places four Kazakhstan companies on CreditWatch with negative outlook on weakened bank system (S&P)
Kazakhstan Temir Zholy, Kaztemirtrans, KEGOC on CreditWatch with negative outlook - S&P (S&P)
Kazakhstan studying Tallinn port proposal for port logistics cooperation (Interfax)
POLITICS:
Kazakh and Brazilian presidents make a joint statement (Interfax)
SOCIETY:
Internet media outlet editor-in-chief calls for penal action for attacking Internet sites (Interfax)
Kazakhstan Society Roundup - June 18, 2009
Internet media outlet editor-in-chief calls for penal action for attacking Internet sites (Interfax)
Kazakhstan Politics Roundup - June 18, 2009
Kazakh and Brazilian presidents make a joint statement (Interfax)
Kazakhstan Mineral Resources Roundup - June 18, 2009
Kazzinc to increase production; expects lower revenues in 2009 (SRI)
Kazakhstan Business and Economy Roundup - June 18, 2009
Kazakh banks won’t need further aid - Marchenko (Bloomberg)
S&P places KazMunaiGas and subsidiaries in CreditWatch with negative oulook (S&P)
S&P places four Kazakhstan companies on CreditWatch with negative outlook on weakened bank system (S&P)
Kazakhstan Temir Zholy, Kaztemirtrans, KEGOC on CreditWatch with negative outlook - S&P (S&P)
Kazakhstan studying Tallinn port proposal for port logistics cooperation (Interfax)
Kazakhstan Energy Roundup - June 18, 2009
Kazatomprom eyeing Brazilian company (SRI)
Kazakh oil group seeks acquisitions (Financial Times)
KMG EP projects fall in output in 2009 (SRI)
Kazakhstan turns up heat on Moldovan oligarch oil assets (bne)
Karachaganak third-phase plans to be decided this year - BG (SRI)
S&P places KazMunaiGas and subsidiaries in CreditWatch with negative oulook
(S&P) - Credit ratings of KazMunaiGas and its subsidiaries were placed on the CreditWatch list with negative outlook due to risks of liquidity and bigger financial leverage related to a weakened Kazkhstan bank sector.
S&P places four Kazakhstan companies on CreditWatch with negative outlook on weakened bank system
(S&P) - Standard & Poor’s Ratings Services said it has placed four Kazakhstan companies on CreditWatch with negative outlook on weakened bank system.
Kazakhstan Temir Zholy, Kaztemirtrans, KEGOC on CreditWatch with negative outlook - S&P
(S&P) - Standard & Poor’s Ratings Services said it has placed on CreditWatch with negative implications Kazakhstan Temir Zholy, Kaztemirtrans, KEGOC on state support concerns.
Kazzinc to increase production; expects lower revenues in 2009
(SRI) - Kazakhstan’s zinc producer Kazzinc plans to increase its production of zinc, lead and gold this year despite falling demand and low metal prices but warns that revenues will be a third lower than in 2008.
