News: Tuesday, February 09, 2010 
Article of the Day
Kazakhstan to cooperate with French Firms to send Goods to China
Kazakhstan wants to cooperate with French companies in the delivery of raw materials to Chinese markets, Chairman of the Samruk-Kazyna National Welfare Fund, Kairat Kelimbetov stated during a session of Kazakhstan-French Business Council, Kazakhstan Today reports.
"Kazakhstan is an active player in oil and gas sector and the mining industry. Therefore, we are counting on the petrochemical industry, oil and gas mechanical engineering, metallurgy of all types, and the chemical industry becoming a base for the future economy of Kazakhstan," Kelimbetov said.
"We hope the production of these sectors will be focused on Southeast Asia, first of all, on the growing Chinese market. In this sense, cooperation with French companies in the delivery of products to Asian markets holds great interest."
Kelimbetov stated Kazakhstan is also interested in the further development of the uranium industry. We would like to further develop these areas together with Areva, taking into account a growth in demand for uranium in China," Kelimbetov said, according to Kazakhstan Today.
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Kazakhstan General
Saudabayev's Washington Trip yields No Agreements
Kazakhstani Foreign Minister Kanat Saudabayev ‘s visit to Washington in early February failed to produce any agreements on pressing issues, according to US State Department officials.
Kazakhstan’s
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Beibut Shumenov dethrones Campillo of Spain to become World Boxing Association Light Heavyweight Champion
Beibut Shumenov has dethroned southpaw, WBA light heavyweight (175 pounds) champion, Gabriel Campillo, of Spain, by a split-decision, earning a crown in only his division record
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Oil and Gas Sector
Ustyurt basin gets light oil discovery
Tethys Petroleum Ltd., Guernsey, UK, tested a discovery well in Kazakhstan at a combined rate of more than 6,800 b/d of light oil and said the
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Russia renews Oil Deliveries to Kazakhstan
Deliveries of Russian oil to Kazakhstan, suspended since February 1 in connection with ambiguities in the application of export duty rates for oil and mineral oil
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Gazprom to increase Central Asian Gas Purchases 13%
Gazprom plans in 2010 to increase the volume of gas purchases in Central Asian countries from 35 billion cubic meters in 2009 up to 39.6 billion
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BG CEO sees 2020 Oil, Gas Output at 1.6 Million BOE/D
BG Group PLC's total oil and gas output will grow to 1.6 million barrels of oil equivalent a day by 2020, Chief Executive Frank Chapman said
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Finance and Investment
Kazakhstan recovers as Financial Stability Returns
Kazakhstan is likely to sustain its economic recovery after a bleak 2009 as its crisis-hit banking system stabilizes and higher commodity prices help prop up broader
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NBK warns of Bad Loans
Bad loans remain the main systemic risk for Kazakh banks as liquidity and currency risks gradually decline, Kazakhstan's central bank said Monday, citing its survey of
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National Bank won’t let Tenge gain Beyond 147.5 to Dollar
Kazakhstan’s central bank said it won’t allow the tenge to strengthen beyond 147.5 against the dollar after it widened the corridor used to control the exchange
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National Bank of Kazakhstan says It won’t raise Benchmark this Quarter
Kazakhstan’s central bank, which put its easing cycle on hold five months ago, said it probably won’t raise the benchmark interest rate this quarter because it
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Counting Committee suggests taking Bonuses from Managers at National Cos. for Misuse of Budget Money
The national Counting Committee has suggested taking bonuses from managers of national companies for the improper use of budget funds, Committee Chairman Omarhan Oksikbaev stated at
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Economic Ministry asks French Business to take part in Industrialization Map
At a session of the Kazakhstan-French Business Council yesterday in Astana, Minister of Economy and Budget Planning Bakhyt Sultanov called on French businesspeople to take active
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EBRD launches New Strategy for Kazakhstan
The EBRD’s Board of Directors has adopted a new strategy for Kazakhstan, which reinforces the Bank’s commitment to further support the Kazakh economy and sets out
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Trade and Consumer Goods
Kazakhstan WTO Membership on the Agenda for Eurocommission Visit
Kazakhstan future WTO membership will be discussed today in Astana during the visit on part of a delegation from the European Trade Commission, Official Spokesperson for
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Communications and Transportation
Zhumagaliev briefs President on 2009 Results
Chairman of the Board at Kazakhtelecom, Askar Zhumagaliev has briefed President of Kazakhstan, Nursultan Nazarbayev, of the company’s results for 2009, Kazakhstan Today reports citing a
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Regional Business News
Russia and US Lead Calls to Reduce Nuclear Arsenals
For many years, the Munich Security Conference has been dominated by rivalry and suspicion between Russia and the United States. The suspicion continues to be fueled
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Kyrgyzstan: Utilities Hikes hits Ordinary Citizens
Utility consumers in Kyrgyzstan are bracing for the arrival of their first bills since energy and hot water tariffs skyrocketed at the outset of the new
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Tajikistan hands over 171 prisoners to Afghanistan
The government of Tajikistan handed over more than 170 prisoners to Afghanistan in the northern Kunduz province on Monday, a local official said.
"Tajikistan authorities handed over
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Prices and Statistics
Volume and Share Index by Visor Capital
Date: February 9, 2010; Source: Visor Capital
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Market Movers by Visor Capital
Date: February 9, 2010; Source: Visor Capital
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Oil and Gas Prices
Date: February 9, 2010; Source: Bloomberg.com
| Petroleum
($/bbl) |
|
Price* |
Change |
%Change |
Time |
| Nymex Crude Future |
72.32
|
.43
|
.60
|
02:58 |
| Dated Brent Spot |
70.13 |
.54 |
.77 |
03:07 |
| WTI Cushing Spot |
71.89 |
.70 |
.98
|
02/08 |
| Petroleum
(cent/gal) |
|
Price* |
Change |
%Change |
Time |
| Nymex Heating Oil Future |
189.69
|
1.14
|
.60 |
02:54
|
| Nymex RBOB Gasoline Future |
190.24
|
.84 |
.44 |
02:57 |
| Natural gas
($/MMBtu) |
|
Price* |
Change |
%Change |
Time |
| Nymex Henry Hub Future |
5.44 |
.04 |
.72 |
02:55 |
| Henry Hub Spot |
5.73 |
.12 |
2.14 |
02/08 |
| New York City Gate Spot |
6.89 |
-1.96
|
-22.15 |
02/08
|
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Commodities
Date: February 9, 2010; Source: Bloomberg.com
| Commodity |
Price |
Change |
%Change |
Time |
| COPPER FUTURE (USd/lb.) |
293.950 |
2.650 |
0.91 |
02:59 |
| GOLD 100 OZ FUTR (USD/t oz.) |
1070.500 |
4.300 |
0.40 |
02:59 |
| SILVER FUTURE (USD/t oz.) |
15.240 |
0.155
|
1.03
|
02:59 |
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Metal Prices
Date: February 9, 2010; Source: Kitco.com
| Silver |
15.21 |
+0.23 |
| Platinum |
1484.00 |
+14.00
|
| Palladium |
410.00 |
+6.00
|
| Rhodium |
2,230.00 |
0.00
|
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Exchange rates
Date: February 9, 2010; Source: the National Bank of Kazakhstan
| 1 USD |
KZT 147.96 |
1 CHF |
KZT 138.19 |
1 CNY |
KZT 21.68 |
1 TRY |
KZT 97.82 |
10 JPY |
KZT 1.65 |
| 1 EUR |
KZT 202.73 |
1 AUD |
KZT 128.67 |
1 KGS |
KZT 3.33 |
1 UZS |
KZT 0.10 |
|
|
| 1 GBP |
KZT 231.10 |
1 CAD |
KZT 138.73 |
1 RUB |
KZT 4.86 |
100 KRW |
KZT 12.64 |
|
|
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