Kazakhstan
Kazakhstan may increase crude export duties
(SRI) - Kazakhstan may increase crude export duties to stabilize the prices on the domestic market of oil products, said Kazakh Energy and Mineral Resources Minister Sauat Mynbayev, according to Interfax.
KazMunaiGas EP increases oil production by 20 percent in H1
(SRI) - In the first six months of 2008, KazMunaiGas (KMG), the Kazakh national oil company, produced 5.9 million tons of crude oil (exquivalent to an average output of 238 thousand barrels per day), a 19.4 percent increase to the first half of 2007.
Kazakhstan Business and Economy Roundup - July 18, 2008
Fitch: Kazakhstan externals improve, bank risks up
(Dow Jones) - Fitch has said in a special report published today that Kazakhstan’s external finances have strengthened, but bank asset quality is deteriorating in a worsening macroeconomic climate.
HSBC expands in Central Asia’s biggest economy
(The FINANCIAL) - HSBC has opened its first branch in Astana, the capital of Kazakhstan, increasing its presence in Central Asia’s biggest economy.
Prod Corporation to purchase 1 million tons of grain for commercial resources (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates July 18, 2008 (Kazinform)
Indicators - July 17, 2008 (Reuters)
Zhaikmunai lowers output due to shortage of rail cars
(SRI) - Zhaikmunai LP, an LSE-listed oil company with operations in Kazakhstan, has announced that it has temporarily reduced daily oil production due to an unexpected shortage of available rail cars for oil transportation, the company says in a statement.
Raiffeisen to enter Kazakhstan
(SRI) - The Raiffeisen Banking Group will form a subsidiary bank in Kazakhstan, Raiffeisen International Bank-Holding announced in a statement.
ANALYSIS: UniCredit prepares to press on with integration of Kazakh bank ATF
With a long-standing share dispute now nearing resolution, UniCredit is preparing to start rebranding and growing Kazakhstan’s ATF Bank, its Central Asian acquisition.
Kazakhstan Mineral Resources Roundup - July 17, 2008
Kazakh group quells reverse takeover talk
(Financial Times) - Kazakhmys, the UK-listed Kazakh copper producer, yesterday sought to keep its options open by stating it was “not currently contemplating” agreeing to a reverse takeover by Metalloinvest, the Russian iron ore and steel group.
Mittal’s business still under risk in Kazakhstan (neweurasia.net)
Batys SEC to develop new solid mineral fields in Aktobe oblast (Kazinform)
Kazakhstan Energy Roundup - July 17, 2008
Gas pipeline gigantism
(Asia Times) - Ground was broken in Kazakhstan last week for construction of that country’s segment of a natural gas pipeline from Turkmenistan to China, set to be the longest and most expensive such pipeline in the world.
Central Asian natural gas pipeline off after blast
(AP - Forbes) - Part of a pipeline carrying natural gas from energy-rich Central Asia to Russia has been shut down after being damaged by an explosion.
Kazakhstan eyeing stake in Burgas-Alexandroupolis project (RBC News)
Jupiter Energy secures $50m loan (The West Australian)
Kyrgyzstan starts to export electric power to Kazakhstan (Kazinform)
Kazakh oil and natural gas exports down in first five months of 2008
(SRI) - From January through May, Kazakhstan exported 25.2 million tons of oil and gas condensate, 2.4 percent less than in the same period last year, Interfax reported citing the National Statistics Agency.
Geerdink new head of ABN AMRO Kazakhstan
(SRI) - Rudi Geerdink will replace Jurgen Rigterink as Chairman of the Management Board and Country Head of ABN AMRO Bank Kazakhstan, a member of the RBS group, the bank said in a press release.
