Kazakhstan Newsline   
Kazakhstan Newsline

For Decision Makers Interested in Kazakhstan and Central Asia
You are not logged in
Please login or register
Email: 
Password: 
About us
Daily News Digest
Weekly News Digest
News Archive
Media Monitoring
Translations
Company News Service
Prices
| eng | rus |

Newsline archive:
<< July, 2010 >>
S M T W T F S
    010203
04050607080910
11121314151617
18192021222324
25262728293031

Search:


Advanced Search
Kazakhstan Newsline is the Official Partner of


Ads:
OIL & GAS INDUSTRY EXHIBITIONS AND CONFERENCES
 
ITECA EXHIBITIONS & CONFERENCES 2010
 
 

(Open in a new window)

News: Thursday, July 29, 2010 http://www.newsline.kz/rss/

Article of the Day

Kazakhstan on Pace to stay Tops in Uranium
    By Raushan Nurshayeva
    Kazakhstan boosted uranium production by 41 percent in the first six months of 2010 to cement its place as the world's largest producer.
    The country produced 8,452 tons of uranium in the first half, said Albert Rau, deputy minister for Industry and New Technologies. It is expected to produce 9,770 tons in the second half, he said.
    That would mean 18,222 tons for the year, in line with an earlier forecast and 31 percent more than the 13,900 tons it produced last year.
    Kazakhstan overtook Canada in 2009 as the world's biggest uranium miner.
    "Kazakhstan will preserve its undisputed position as global leader in uranium production," Rau said at a government meeting.
    The country last year accounted for more than a quarter of global uranium output.
    Kazakhstan, which holds more than 15 percent of global uranium reserves, has previously said it could raise production to more than 25,000 tons a year by 2015.
    Only Australia holds more known uranium reserves in the ground.
    The World Nuclear Association said global uranium consumption will be about 68,646 tons this year.
    It forecasts consumption rising 33 percent to 91,537 tons a year in 2020 and 55 percent to 106,128 tons a year in 2030.
    The state nuclear firm KazAtomProm has ambitions to take its uranium through the entire fuel cycle by 2020, a process that will require it to build a reactor, Reuters reports.

Back to top

Kazakhstan General

Use-based Water Rates are coming
    Kazakhstan will introduce water rates based on use before 2014.
    The current system of a flat monthly rate for water wastes the resources, according to
    Nurlan Aldabergenov,
     Full text available for subscribed users...

Back to top

Karaganda Plant to build Farm Aircraft
    Kazakhstan’s need for crop-dusters and other planes for agriculture has led to plans to build a plant that makes the aircraft in Karaganda.
    Kazakhstan will need 500
     Full text available for subscribed users...

Back to top

Oil and Gas Sector

Kazakhstan Aims to End Gas Flaring by 2012
    By Madina Imanaliyeva
    Kazakhstan has set an ambitious goal of ending flaring in less than 18 months, the Focus business newspaper reports.
    Since 2006 it has substantially reduced
     Full text available for subscribed users...

Back to top

Acquisition boosts KazMunaiGas Unit’s Oil Output
    KazMunaiGas Exploration Production’s oil output rose 11 percent in the first six months of the year to 6.28 million tons from 5.66 million in the first
     Full text available for subscribed users...

Back to top

Tengizchevroil Oil Output at 12.5 Million Tons in Half
    Tengizchevroil produced 12.5 million tons of oil and 4 billion cubic meters of gas in the first half.
    The oil production amounted to 99.5 million barrels a
     Full text available for subscribed users...

Back to top

Pipeline Expansion Bids to be sought in 2010
    The Caspian Pipeline Consortium, which transports oil from Kazakhstan to the Black Sea, will hold tenders for expansion of the pipeline by the end of the
     Full text available for subscribed users...

Back to top

Finance and Investment

Islamic Bond Issue replaces Eurobond Plan
    By Denis Maternovsky and Khalid Qayu
    Kazakhstan, which last sold international debt in 2000, is planning a debut Islamic bond sale to broaden its investor base after
     Full text available for subscribed users...

Back to top

Kazakhstan, Luxembourg discuss Investment
    By Dimash Syzdykov
    Investment was a key topic of a recent meeting between Kazakhstan’s ambassador to Luxembourg and the country’s economic and trade minister in Brussels, Kazinform
     Full text available for subscribed users...

Back to top

Non-bank Firm loses Debt-Restructuring Bid
    A non-banking company recently decided that if some of Kazakhstan’s biggest banks could restructure their bond debt, it could, too.
    The problem is that the law doesn’t
     Full text available for subscribed users...

Back to top

Metals and Minerals

Court freezes KazakhGold Family’s Assets
    A London court has frozen $500 million of the assets of the Kazakhstan family that once controlled KazakhGold, the Russian newspaper Kommersant reports.
    The freeze is the
     Full text available for subscribed users...

Back to top

Trade and Consumer Goods

Shots stop Dash toward Border
    In a scene out of a movie, Kazakhstani border guards fired on an armored personnel carrier trying to roar into Russia with contraband consumer goods.
    When the
     Full text available for subscribed users...

Back to top

Communications and Transportation

Kazakhstan to get SSTL Observation Satellite
    London-based SSTL has begun building an earth-observation satellite for Kazakhstan, according to a press release.
    The satellite will work in conjunction with an observation satellite that the
     Full text available for subscribed users...

Back to top

Kazakhstan Business helps Telesens Revenue jump
    Telesens, a British company that provides telecommunications software and services to Kazakhstan and other countries in the former Soviet Union, says its revenue surged 21 percent
     Full text available for subscribed users...

Back to top

Regional Business News

Russia to Raise Drivers’ Taxes to build Roads
    By Lucian Kim
    Russia will set up a federal fund to upgrade the country’s roads by increasing taxes on drivers.
    The 2011 budget will include $12.5 billion for
     Full text available for subscribed users...

Back to top

Russian Economy expands 5.4% in Second Quarter
    Russia’s economic growth jumped 5.4 percent in the second quarter compared with the same quarter of 2009.
    Rising consumer demand sparked the surge, Deputy Economy Minister Andrei
     Full text available for subscribed users...

Back to top

70% of Russian Fund-raising is Bonds, Stock
    By Jason Webb and Denis Maternovsky
    Russian companies from Nomos Bank to OAO Mobile TeleSystems are depending more on bond and stock markets for financing than at
     Full text available for subscribed users...

Back to top

Russia’s Second-Quarter Trade Surplus dips 19%
    Russia’s trade surplus fell 19 percent to $37.4 billion in the second quarter from $46 billion in the first quarter, Prime-Tass reports.
    Exports rose 40.8 percent to
     Full text available for subscribed users...

Back to top

BP’s New CEO, Ousted One to travel to Russia
    BP’s CEO-designate Robert Dudley and his predecessor Tony Hayward will travel to Russia soon to meet with government officials and BP's business partners.
    Hayward, who served on
     Full text available for subscribed users...

Back to top

Wal-Mart hires TNK-BP Executive in Its Russian Effort
    Wal-Mart Stores Inc., the world’s biggest retailer, has hired an executive from BP’s Russian joint venture at its Moscow office as it looks toward opening stores
     Full text available for subscribed users...

Back to top

Russian Internet Crooks faking Checks
    By Jordon Robertson
    Think of it as one more reason not to write checks.
    Hackers believed to be operating out of Russia have figured out a high-tech way
     Full text available for subscribed users...

Back to top

Prices and Statistics

Volume and Share Index by Visor Capital
    Date: July 29, 2010; Source: Visor Capital
Volume and Share Index

Back to top

Market Movers by Visor Capital
    Date: July 29, 2010; Source: Visor Capital Market Movers

Back to top

Oil and Gas Prices
    Date: July 29, 2010; Source: Bloomberg.com
Petroleum ($/bbl)
Price* Change %Change Time
Nymex Crude Future

77.29

.30

.39

02:58
Dated Brent Spot 76.44 .82 1.08 03:07
WTI Cushing Spot 76.99 -.51

-.66

07/28
Petroleum (cent/gal)
Price* Change %Change Time
Nymex Heating Oil Future

200.22

.58

.29

02:39

Nymex RBOB Gasoline Future

206.54

.20 .10 02:28
Natural gas ($/MMBtu)
Price* Change %Change Time
Nymex Henry Hub Future 4.73 .01 .30 02:58
Henry Hub Spot 4.76 .05 1.06 07/28
New York City Gate Spot 5.13

.00

.00

07/28

Back to top

Commodities
    Date: July 29, 2010; Source: Bloomberg.com
Commodity Price Change %Change Time
COPPER FUTURE (USd/lb.) 324.950 0.400 0.12 02:59
GOLD 100 OZ FUTR (USD/t oz.) 1171.200

8.800

0.76 02:59
SILVER FUTURE (USD/t oz.) 17.640

0.199

1.14

02:59

Back to top

Metal Prices
    Date: July 29, 2010; Source: Kitco.com
Silver 17.58 +0.11
Platinum 1545.00

+8.00

Palladium 472.00

+4.00

Rhodium 2,200.00

0.00

Back to top

Exchange rates
    Date: July 29, 2010; Source: the National Bank of Kazakhstan
1 USD KZT 147.56 1 CHF KZT 139.33 1 CNY KZT 21.77 1 TRY KZT 97.98 10 JPY KZT 1.68
1 EUR KZT 192.02 1 AUD KZT 132.27 1 KGS KZT 3.22 1 UZS KZT 0.09
1 GBP KZT 229.78 1 CAD KZT 143.10 1 RUB KZT 4.88 100 KRW KZT 12.46

Back to top


Please contact us for subscription or to send your press releases at: newsline@checkpoint.kz
www.newsline.kz



Tel.: +7 (727) 259-94-94; email: newsline@checkpoint.kz

Copyright © 2006-2010 Check Point Central Asia