Kazakhmys increases copper production in Q2, down year-on-year
(SRI) - Kazakh miner Kazakhmys’s copper cathode production picked up in the second quarter after weather problems in the previous quarter, but output was still down 1.4 percent year-on-year, Reuters reported.
(SRI) - Temporarily banning exports and increasing export duties on oil and petroleum products can reduce price for combustive-lubricating materials (CLM), said Sultan Ushbayev, the chairman of the Board of Directors of oil industrial group Nar Oil, according to Kazakhstan Today.
(SRI) - Kazakhstan government suggested lowering the corporate income tax within the planned tax code, Prime Minister Karim Masimov said on Wednesday, Interfax reported.
(SRI) - Air Astana is planning to raise funds to purchase new Airbus and Boeing aircraft, said company president Peter Foster.
(SRI) - Oil refining in Kazakhstan should be taken under state control in order to stabilize the situation on the domestic market for refined petrolum products, according to a government official.
(SRI) - Kazakhstan’s national airline Air Astana halved its 2008 net profit forecast on Tuesday from $45-47 million due to high fuel prices and limited demand, according to an airline executive.
Unlike in most emerging economies, Kazakhstan’s banking sector has so far remained largely in local hands. However, recent acquisitions of local lenders by European and Asian banks suggest that the trend is changing.
KMG E&P, the flagship oil firm of Kazakhstan, represents a strong long term buy at the current market capitalization of $US12Bn.
Private sector involvement in the development of the infrastructure sector is a key objective for the Kazakh government in its quest to create a network of roads and reilways and become an important link in the transfer of goods and resources between China and Europe.
Moody's reviews Alliance Bank and SAFC for downgrade
(The FINANCIAL) - Moody's Investors Service has today placed the Ba2 long-term bank deposit and Ba2/Ba3 senior and subordinated debt ratings of Alliance Bank on review for possible downgrade.
Kazakh government wants to lower corporate income tax (SRI)
New Customs Code to be developed in Kazakhstan (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates July 31, 2008 (Kazinform)
Indicators - July 30, 2008 (Reuters)
President Nursultan Nazarbayev met with King of Spain Juan Carlos I (Kazinform)
Unvalued contribution to foreign policy (neweurasia.net)
Kashagan project delays serve Russian interests
(Eurasia Daily Monitor) - Russia has never ceased its attempts to regain control over Azeri and Kazakh hydrocarbons and reassert its weakening position in the Caspian region using all imaginable means for this purpose.
Export ban and increased export duty can reduce price for diesel fuel and gasoline - Nar Oil (SRI)
Hungary's MOL also eyes Oman's 7% CPC stake - paper
(Portfolio.hu) - Hungarian oil and gas group MOL has also set eyes on the pipeline linking the world's sixth-largest oil field Tengiz with the Black Sea, as Oman is selling its 7% interest in the Caspian Pipeline Consortium.
Energy companies of Central Asia developing methods to improve power transmission in region (TREND)
Caspian Services takes delivery of two 41 Foot, shallow water, oil & gas exploration boats (Business Wire)
Kazakhmys increases copper production in Q2, down year-on-year
(SRI) - Kazakh miner Kazakhmys’s copper cathode production picked up in the second quarter after weather problems in the previous quarter, but output was still down 1.4 percent year-on-year.
Treaty is a treaty
(Kommersant) - Gazprom to pay Turkmenistan for its gas at a market price and give it a 0% credit.
Gazprom helps Turkmenistan to boost Caspian pipeline to 30bn cu m/y (www.defsec.info)
Russia will invest in the development of Central Asian railways (neweurasia.net)
IFC to help banks in Azerbaijan and Central Asia develop mortgage lending programs (Webwire)
