Archive for November 16th, 2009
Kazakhstan Daily News Roundup - November 16, 2009
HEADLINES:
Kazakhstan will not allow foreign investors to take control of key banks - Nazarbayev
(SRI) - Kazakhstan will not allow foreign investors to take control over key Kazakh banks, President Nursultan Nazarbayev said in a televised question and answer session on Friday.
Astana Finance signs term sheet with international creditors
(SRI) - Astana Finance has reportedly signed a term sheet with international creditors, outlining the planned restructuring of its debt.
World Bank lends $48 million to power grid operator KEGOC
(SRI) - The World Bank will provide a $48-million loan to Kazakhstan’s national electricity grid operator KEGOC for the Moinak Electricity Transmission Project, the bank said in a statement.
ENERGY:
KazTransOil oil transports up 7.5 percent in Jan-Oct (SRI)
Russian electricity trader buys Kazakh Kazenergoresurs (SRI)
Russia torpedoes Kazakhstan’s uranium sector, Kazatomprom ex-head (Interfax)
CNPC to build second phase of Central Asia China gas pipeline (Steel Guru)
MINERAL RESOURCES:
Production rises at ENRC
(Financial Times) - Eurasian Natural Resources Corporation (ENRC), the largest mining company in Kazakhstan, has returned to pre-crisis production levels for ferrochrome and iron ore as demand from China rises.
Kazakhmys cut to ‘Reduce’ from ‘Buy’ at Nomura (Bloomberg)
ENRC doesn’t expect material increase in ferrochrome price (Dow Jones)
BUSINESS AND ECONOMY:
BTA Bank’s former chairman loses legal challenge against asset freeze (Financial Times)
Tenge has biggest weekly jump in two years as controls loosened (Bloomberg)
Kazakhstan to export 3 million tonnes of grains to China (AgriMarket.Info)
EBRD to extend $10 million loan to Almatyelectrotrans (Cbonds.info)
National Bank of Kazakhstan: Exchange rates November 14-16, 2009 (Kazinform)
POLITICS:
Astana hires DC lobbyists to work on softening aid requirements (EurasiaNet)
Nazarbayev says may pardon wanted ex-officials who show remorse (Bloomberg)
Majilis backs amendments to draft law “On Kazakhstan’s Content” (Interfax)
SOCIETY:
Female employees of Passenger Transportation JSC denounce company’s despicable HR policy (Interfax)
Kazakhstan Politics Roundup - November 16, 2009
Astana hires DC lobbyists to work on softening aid requirements (EurasiaNet)
Nazarbayev says may pardon wanted ex-officials who show remorse (Bloomberg)
Majilis backs amendments to draft law “On Kazakhstan’s Content” (Interfax)
Kazakhstan Business and Economy Roundup - November 16, 2009
Kazakhstan will not allow foreign investors to take control of key banks - Nazarbayev (SRI)
Astana Finance signs term sheet with international creditors (SRI)
BTA Bank’s former chairman loses legal challenge against asset freeze (Financial Times)
Tenge has biggest weekly jump in two years as controls loosened (Bloomberg)
Kazakhstan to export 3 million tonnes of grains to China (AgriMarket.Info)
EBRD to extend $10 million loan to Almatyelectrotrans (Cbonds.info)
National Bank of Kazakhstan: Exchange rates November 14-16, 2009 (Kazinform)
Kazakhstan Mineral Resources Roundup - November 16, 2009
Production rises at ENRC (Financial Times)
Kazakhmys cut to ‘Reduce’ from ‘Buy’ at Nomura (Bloomberg)
ENRC doesn’t expect material increase in ferrochrome price (Dow Jones)
Kazakhstan Energy Roundup - November 16, 2009
KazTransOil oil transports up 7.5 percent in Jan-Oct (SRI)
Russian electricity trader buys Kazakh Kazenergoresurs (SRI)
World Bank lends $48 million to power grid operator KEGOC (SRI)
Russia torpedoes Kazakhstan’s uranium sector, Kazatomprom ex-head (Interfax)
CNPC to build second phase of Central Asia China gas pipeline (Steel Guru)
KazTransOil oil transports up 7.5 percent in Jan-Oct
(SRI) - KazTransOil transported 42.57 million tons of crude oil in the first ten months of 2009, a 7.5 percent increase compared to the same period last year, according to the company’s statement.
Russian electricity trader buys Kazakh Kazenergoresurs
(SRI) - Asia Energy BV, a subsidiary of Russian power generation and electricity trading company Inter RAO UES, acquired 76 percent of Kazakh Kazenergoresurs in August for $3.5 million, Kazakh media reported on Friday.
