Kazakhstan Daily News Roundup - July 20, 2009

HEADLINES:

BTA in the process of setting up a creditors committee
(SRI) - BTA Bank said on Friday it is in the process of establishing a steering committee to negotiate a restructuring of its $13 billion debt.

Kazakhstan sues to recover BTA’s assets overseas
(SRI) - Kazakhstan’s Prosecutor General’s Office (PGO) has filed lawsuits to recover foreign assets of BTA bank totaling KZT172 billion ($1.1 billion).

KazMunaiGas places 1.25-billion Eurobond issue
(SRI) - KazMunaiGas, the national oil and gas company, placed six-year Eurobonds totaling $1.25 billion with 11.75-percent coupon rate.

ENERGY:

Roxi Petroleum mulls sale of Galaz assets to Korea’s LG, enters MOU (Proactive Investors)

BUSINESS AND ECONOMY:

Russia’s MTS eyes stake in Kazakh mobile provider (Reuters)

Nazarbaev says customs union with Russia may grow (Reuters - RFE/RL)

FSA revokes the license of West Investment Company (Interfax)

Indicators - July 17, 2009 (Reuters)

POLITICS:

Officials fall to Kazakh corruption drive
(BBC News) - A number of senior government officials have fallen to an anti-corruption drive in Kazakhstan, but some are questioning the motives behind the latest campaign.

Despite downturn Nazarbayev’s numbers stay up (EurasiaNet)

KZT1-billion embezzlement scheme disclosed at the Defense Ministry (Interfax)

SOCIETY:

Kazakh Uighurs hold mass protest
(AP) - More than 5,000 ethnic Uighurs rallied in Kazakhstan’s largest city on Sunday to protest China’s use of deadly force to quash Uighur protests this month.

How Nursultan became the most loved man on Earth (Guardian)

Kazakhstan Business and Economy Roundup - July 20, 2009

BTA in the process of setting up a creditors committee (SRI)

Kazakhstan sues to recover BTA’s assets overseas (SRI)

Russia’s MTS eyes stake in Kazakh mobile provider (Reuters)

Nazarbaev says customs union with Russia may grow (Reuters - RFE/RL)

FSA revokes the license of West Investment Company (Interfax)

Indicators - July 17, 2009 (Reuters)

Kazakhstan Energy Roundup - July 20, 2009

KazMunaiGas places 1.25-billion Eurobond issue (SRI)

Roxi Petroleum mulls sale of Galaz assets to Korea’s LG, enters MOU (Proactive Investors)

Kazakhstan Politics Roundup - July 20, 2009

Officials fall to Kazakh corruption drive (BBC News)

Despite downturn Nazarbayev’s numbers stay up (EurasiaNet)

KZT1-billion embezzlement scheme disclosed at the Defense Ministry (Interfax)

Kazakhstan Society Roundup - July 20, 2009

Kazakh Uighurs hold mass protest (AP)

How Nursultan became the most loved man on Earth (Guardian)

KazMunaiGas places 1.25-billion Eurobond issue

(SRI) - KazMunaiGas, the national oil and gas company, placed six-year Eurobonds totaling $1.25 billion with 11.75-percent coupon rate.

(more…)

BTA in the process of setting up a creditors committee

(SRI) - BTA Bank said on Friday it is in the process of establishing a steering committee to negotiate a restructuring of its $13 billion debt.

(more…)

Kazakhstan sues to recover BTA’s assets overseas

(SRI) - Kazakhstan’s Prosecutor General’s Office (PGO) has filed lawsuits to recover foreign assets of BTA bank totaling KZT172 billion ($1.1 billion), Deputy Prosecutor General Iogan Markel said on Friday.

(more…)

Kazakh Uighurs hold mass protest

(AP) - More than 5,000 ethnic Uighurs rallied in Kazakhstan’s largest city on Sunday to protest China’s use of deadly force to quash Uighur protests this month.
(more…)