News: Monday, July 19, 2010 
Article of the Day
Kazakhstan to host OSCE Summit
Kazakhstan will hold an OSCE summit in Astana this fall, the 56 members of the organization decided over the weekend.
Foreign Minister Kanat Saudabayev made the announcement Saturday at the end of a two-day meeting of OSCE foreign ministers in Almaty.
The tentative summit dates are October 29 and 30.
Saudabayev had lobbied for months for a summit, which President Nursultan Nazarbayev had called for since last year. The last summit of the Organization of Security and Cooperation in Europe was 11 years ago in Istanbul.
The summit agenda is almost certain to include the situation in Afghanistan and changing the OSCE’s security apparatus so the organization can respond better to crises.
Other summit topics may include rebuilding Kyrgyzstan, dealing with trafficking in drugs and human beings and trying to prevent organized-crime gangs from operating across borders.
The OSCE was born out of the Cold War in the early 1970s to counter the Soviet threat.
Since the disintegration of the Soviet Union in the early 1990s, the threat has changed to include terrorism and religious- and ethnic-based conflicts.
In fact, Kazakhstan, Russia and many other former countries in the former U.S.S.R. are now OSCE members.
Kazakhstan became the first former Soviet country to chair the organization this year, the Focus business newspaper reports.
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Kazakhstan General
Merkel meets Nazarbayev; German Firms sign Deals
German Chancellor Angela Merkel has capped an intensive week of deal-signing in Russia, China and Kazakhstan by helping German businesses seal agreements in Astana worth more
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Eurasia’s Growing Importance in the Global Economy
By David Bartlett and Alan Greenhalgh
The ancient network of trade routes that for thousands of years brought goods from the Far East to Western Europe is
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Oil and Gas Sector
Nazarbayev says EU is Only talking about Pipeline
Kazakhstan is ready to be part of the proposed Nabucco gas pipeline from the Caspian Sea to Austria, President Nursultan Nazarbayev says.
But so far, the European
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Moldova's Richest Man strikes back
Moldova’s richest man, Anatol Stati, has sued former Moldova President Vladimir Voronin on grounds that Voronin ruined Stati’s petroleum business in Kazakhstan.
Voronin’s interference prevented Moldovans from
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Max Petroleum drilling New Well
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, has begun drilling another well in the Zhana Makat Field.
The primary target
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Energy Industry
Kazakhstan, U.S. sign nuclear-energy cooperation pact
Kazakhstan and the United States have signed a nuclear-energy cooperation agreement.
The agreement implements part of an action plan on energy that the countries agreed to in
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Finance and Investment
Nazarbayev discusses German, Kazakhstan investment
By Kanat Kulshmanov
German companies have invested $3 billion in Kazakhstan and Kazakhstani companies $4 billion in Germany, President Nursultan Nazarbayev said Sunday to underscore the importance
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Merkel says Export Help to resume
Germany will issue export credit guarantees to Kazakhstani businesses again once Kazakhstan finishes shoring up its financial sector, Chancellor Angela Merkel says.
German financial institutions suffered big
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Kazakhstan, EU to continue Banking Talks
The issue of Kazakhstan opening its bank and insurance markets wider to European Union countries continues to be stumbling block toward an EU sign-off on Kazakhstan’s
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Metals and Minerals
German Firm to build Kazchrome Complex
TNK Kazchrome has asked Germany’s SMS Siemag to build a ferrochrome production complex in the Aktobe area.
The first of the complex’s four furnaces will be operating
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Frontier Mining takes First Gold from New Deposit
Kazakhstan-focused Frontier Mining has started gold production at its Koskuduk deposit.
Frontier said it shipped 113 ounces of gold and 341 ounces of silver from Koskuduk to
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Trade and Consumer Goods
OSCE Seminar focuses on Customs Corruption
How to best promote integrity in customs and border services in Central Asia and the South Caucasus was the topic of a regional OSCE seminar in
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Russia to let Kazakhstan Beef in again
Cattle breeders plan to export 5,000 tons of beef to Russia this year after the Russians lifted a ban on Kazakhstan imports.
That’s the word from Rabiga
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Shymkent Family’s Kvass Business sparkles
By Irina Kazorina
When Kazakhstan’s economy hit a bump 13 years ago, Shymkent’s Budkov family found themselves scrambling to make ends meet.
“Life itself offered us a solution,”
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Pavlodar Caustic Soda Plant to open in 2010
By Nikolai Kuznetsov
A plant in Pavlodar that will nearly eliminate Kazakhstan’s caustic-soda imports will be finished by the end of the year, according to Pavlodar Oblast
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Communications and Transportation
New Space Center to make Satellites
One of the first projects that Kazakhstan and France will work on when the National Space Center opens in Astana is assembling two French-designed satellites.
That’s the
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Anti-monopoly Agency looks at Roaming Costs
The Competition Protection Office is investigating why the roaming costs of Kazakhstan’s three largest mobile-service providers are three to six times higher than in Europe.
The anti-monopoly
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Real Estate
Cement Plant opens in Karaganda Oblast
By Galina Skripnik
A $230 million cement plant has opened in the Moiynkum Desert in Karaganda Oblast.
The joint venture will supply cement for the rebuilding of the
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Regional Business News
Microsoft Employee from Russia Linked to Spy Ring
By Thomas Claburn
InformationWeek
Alexey Karetnikov, who is alleged to have been the 12th member of a group of Russian spies the FBI arrested last month, worked
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Medvedev says He is losing Corruption Battle
By Conor Humphries
Dmitri Medvedev says his administration has made almost no progress fighting corruption in his two years as Russia’s president.
Medvedev has repeatedly singled out
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Russia and Georgia still doing Business
By Konstantin Rozhnov
Russia and Georgia severed diplomatic relations over the South Ossetia conflict in 2008, but when it comes to business, the two have chosen a
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Russia, 12 other Nations pledge to save Tigers
Representatives of Russia and 12 other countries with tigers have drawn up
a rescue declaration in Bali that commits them to taking steps to save the
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Russian-Spanish Steel Venture opens
A joint-venture steel service center and stamping facility has opened in Russia’s Kaluga region, Steel Business Briefing reports.
Russia’s Severstal and Spain’s Corporacion Gestamp said the service
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Russia`s Zarubezhneft Oil Firm to drill off Cuba
Russia’s government-owned Zarubezhneft will team up with Cuba’s state-owned Cubapetroleo to drill for oil in a shelf near the island in 2011, according to Zarubezhneft CEO
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Prices and Statistics
Volume and Share Index by Visor Capital
Date: July 19, 2010; Source: Visor Capital
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Market Movers by Visor Capital
Date: July 19, 2010; Source: Visor Capital
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Oil and Gas Prices
Date: July 19, 2010; Source: Bloomberg.com
| Petroleum
($/bbl) |
|
Price* |
Change |
%Change |
Time |
| Nymex Crude Future |
75.78
|
-.23
|
-.30
|
02:28 |
| Dated Brent Spot |
74.39 |
-.16 |
-.21 |
02:38 |
| WTI Cushing Spot |
76.01 |
-.75 |
-.98
|
07/16 |
| Petroleum
(cent/gal) |
|
Price* |
Change |
%Change |
Time |
| Nymex Heating Oil Future |
201.26
|
.13
|
.06 |
02:25
|
| Nymex RBOB Gasoline Future |
204.35
|
-.51 |
-.25 |
02:24 |
| Natural gas
($/MMBtu) |
|
Price* |
Change |
%Change |
Time |
| Nymex Henry Hub Future |
4.54 |
.02 |
.51 |
02:25 |
| Henry Hub Spot |
4.67 |
.25 |
5.66 |
07/16 |
| New York City Gate Spot |
5.12 |
.16
|
3.23 |
07/16
|
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Commodities
Date: July 19, 2010; Source: Bloomberg.com
| Commodity |
Price |
Change |
%Change |
Time |
| COPPER FUTURE (USd/lb.) |
295.300 |
2.350 |
0.80 |
02:44 |
| GOLD 100 OZ FUTR (USD/t oz.) |
1191.600 |
3.400
|
0.29 |
02:44 |
| SILVER FUTURE (USD/t oz.) |
17.815 |
0.027
|
0.15
|
02:44 |
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Metal Prices
Date: July 19, 2010; Source: Kitco.com
| Silver |
17.79 |
-0.07 |
| Platinum |
1507.00 |
0.00
|
| Palladium |
453.00 |
+5.00
|
| Rhodium |
2,290.00 |
0.00
|
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Exchange rates
Date: July 19, 2010; Source: the National Bank of Kazakhstan
| 1 USD |
KZT 147.55 |
1 CHF |
KZT 141.60 |
1 CNY |
KZT 21.78 |
1 TRY |
KZT 96.17 |
10 JPY |
KZT 1.70 |
| 1 EUR |
KZT 191.02 |
1 AUD |
KZT 129.18 |
1 KGS |
KZT 3.22 |
1 UZS |
KZT 0.09 |
|
|
| 1 GBP |
KZT 227.46 |
1 CAD |
KZT 141.30 |
1 RUB |
KZT 4.85 |
100 KRW |
KZT 12.26 |
|
|
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