Kazakhstan Daily News Roundup - July 2, 2009

HEADLINES:

Kazakhstan completes final stage of China pipeline
(SRI) - Kazakhstan’s KazStroyService has completed the construction of the Kenkiyak-Kumkol pipeline, giving China direct access to Kazakhstan’s oil provinces in western Kazakhstan.

Zhaikmunai plans to raise additional $300 million on LSE
(SRI) - Zhaikmunai, an independent Kazakh oil producer, said it plans to raise $300 million on the London Stock Exchange (LSE) to refinance debt and fund capital expenditures.

Total banking debt falls 13 percent in Q1
(SRI) - Kazakhstan’s total external debt fell 2.5 percent to $105.7 billion while the banking sector debt fell 13.1 percent to $34.1 billion in the first quarter of 2009.

Goldman Sachs quits as advisor to BTA Bank (SRI)

BUSINESS AND ECONOMY:

Kazkommertsbank buys back $300 million in Eurobonds since 2007 (SRI)

Kazakhstan Kagazy reports $17.3 million Q1 loss (SRI)

Inflation slows to 0.4 percent in June (SRI)

CzechTrade to open office in Kazakhstan this year (Prague Monitor - CTK)

National Bank of Kazakhstan: Exchange rates July 2, 2009 (Kazinform)

Indicators - July 1, 2009 (Reuters)

MINERAL RESOURCES:

Fitch revises KazakhGold’s rating watch to Positive
(Fitch Ratings) - Fitch Ratings has today revised the Rating Watch on KazakhGold Group Limited’s (KazakhGold) Long-term Issuer Default (IDR) and senior unsecured ratings of CC to Positive from Negative.

POLITICS:

Analysis: Israel gains ground in Central Asia (Jerusalem Post)

Kazakh President Blasts Nuclear Nonproliferation Treaty (NTI: Global Security Newswire)

Kazakhstan Energy Roundup - July 2, 2009

Kazakhstan completes final stage of China pipeline (SRI)

Zhaikmunai plans to raise additional $300 million on LSE (SRI)

Kazakhstan Politics Roundup - July 2, 2009

Analysis: Israel gains ground in Central Asia (Jerusalem Post)

Kazakh President Blasts Nuclear Nonproliferation Treaty (NTI: Global Security Newswire)

Kazakhstan Business and Economy Roundup - July 2, 2009

Total banking debt falls 13 percent in Q1 (SRI)

Kazkommertsbank buys back $300 million in Eurobonds since 2007 (SRI)

Kazakhstan Kagazy reports $17.3 million Q1 loss (SRI)

Inflation slows to 0.4 percent in June (SRI)

CzechTrade to open office in Kazakhstan this year (Prague Monitor - CTK)

National Bank of Kazakhstan: Exchange rates July 2, 2009 (Kazinform)

Indicators - July 1, 2009 (Reuters)

Kazakhstan Mineral Resources Roundup - July 2, 2009

Fitch revises KazakhGold’s rating watch to Positive (Fitch Ratings)

Fitch revises KazakhGold’s rating watch to Positive

(Fitch Ratings) - Fitch Ratings has today revised the Rating Watch on KazakhGold Group Limited’s (KazakhGold) Long-term Issuer Default (IDR) and senior unsecured ratings of CC to Positive from Negative.

(more…)

Kazakhstan completes final stage of China pipeline

(SRI) - Kazakhstan’s KazStroyService has completed the construction of the Kenkiyak-Kumkol pipeline, giving China direct access to Kazakhstan’s oil provinces in western Kazakhstan, Reuters reported citing an announcement by KazStroyService.

(more…)

Total banking debt falls 13 percent in Q1

(SRI) - Kazakhstan’s total external debt fell 2.5 percent to $105.7 billion while the banking sector debt fell 13.1 percent to $34.1 billion in the first quarter of 2009, the National Bank of Kazakhstan reported.

(more…)

Zhaikmunai plans to raise additional $300 million on LSE

(SRI) - Zhaikmunai, an independent Kazakh oil producer, said it plans to raise $300 million on the London Stock Exchange (LSE) to refinance debt and fund capital expenditures.

(more…)

Kazkommertsbank buys back $300 million in Eurobonds since 2007

(SRI) - Kazkommertsbank had bought back about $300 million in Eurobonds since October 2007, the bank said in a statement on Wednesday.

(more…)