News: Friday, July 30, 2010 
Article of the Day
Prosecutors investigate Possible Fraud at AIDS Center
By Stan Rogers
Prosecutors are looking into whether employees of the National AIDS Center and the director of a pharmaceutical company that supplied the center committed fraud.
Records show that 500,000 syringes that the center purchased never arrived at the Karaganda and Manguistau branches where they were supposed to be used, senior Almaty prosecutor Azamat Alibekov said.
In addition, he said, prosecutors have discovered that $90,292 worth of HIV testing systems that center records show were sent to southern Kazakhstan never arrived.
Prosecutors are investigating the director of the Azha Pharma company in the syringe case and several National AIDS Center employees In the testing-system case, according to centralasiaonline.com.
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Kazakhstan General
Kazakhstan Film-maker makes Top Hollywood Hire
Hollywood film-maker Timur Bekmambetov has hired a Universal Pictures executive to help him develop movie projects.
The Kazakhstan native’s move shows he’s serious about bringing new voices
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Kazakhstan’s Largest Mosque is Half finished
What will be the largest mosque in Kazakhstan is half finished in Shymkent.
The 4,000-square-meter mosque, a gift of the United Arab Emirates, will be able to
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Astana to add more Outdoor Surveillance Cameras
A control room at Astana’s police headquarters gives officers a view of many areas of the city, thanks to 323 outdoor surveillance cameras.
The crime-busting technique has
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Oil and Gas Sector
ExxonMobile Earnings Nearly double
ExxonMobil’s profit nearly doubled in the second quarter thanks to surges in production at fields in Kazakhstan and Qatar.
Earnings rose to $7.56 billion from $3.95 billion
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Profit soars at Kazakhstan Petroleum Player Eni
By Tommaso Ebhardt
Adjusted net income at Italy’s Eni, a partner in two big petroleum projects in Kazakhstan, jumped 81 percent during the second quarter, beating analysts’
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U.S. Envoy says Tengizchevroil Flap can be settled
The United States has confidence that the government of Kazakhstan and Tengizchevroil can settle their differences over a production contract through negotiations, a visiting American special
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Oil, Mining Firms faulted on Domestic Content
Petroleum and mining operations obtain only 30 percent of their goods and services from domestic companies despite the government’s “Kazakh content” push.
Deputy Minister of Industry Albert
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University to build Kashagan Inspection Robot
By Mike Cronin
Carnegie Mellon University engineers will build a robot to check hydrogen-sulfide concentrations at an oil production facility in Kazakhstan’s huge Kashagan field.
The university’s National
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Energy Industry
Kazakhstan, Russia to build Nuke Plant in Aktau
Kazakhstan and Russia will construct a nuclear plant in Aktau, part of an effort to increase the percentage of nuclear power n Kazakhstan’s energy mix to
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Finance and Investment
Bank CenterCredit figures in Korean Regulatory Case
Kookmin Bank’s acquisition of Kazakhstan’s Bank CenterCredit in 2008 is figuring in disciplinary action that South Korean regulators are taking against the bank’s former chief executive.
The
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500 Firms apply for Investment Help
More than 500 businesses have applied for government investment help under the 2020 Business Road Map program.
The program has three categories. One is innovative projects. Another
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Meeting addresses Multinational Business Projects
Kazakhstan and other countries in the former Soviet Union have met in Moscow to discuss working together on scientific, technical and innovative business projects.
Participants agreed to
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Metals and Minerals
Kazakhmys’ Finished-Copper Output dips
By Firat Kayakiran and Claudia Carpenter
Kazakhmys’ production of finished copper fell 3.4 percent in the first half because it processed fewer stockpiles than in the same
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Communications and Transportation
Siemens’ Anti-Bribe Campaign working
By Richard Weiss
Siemens, Europe’s largest engineering company, is doing 400 million euros’ worth of work for Kazakhstan’s national railway system, Bloomberg reports.
And the German giant has
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Regional Business News
Conoco to sell All of Its Lukoil Stake
By Sheila McNulty
ConocoPhillips plans to sell its entire stake in Lukoil, bringing to a close its attempt to use the partnership with Russia’s second-biggest oil
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Medvedev Widens Powers of KGB Successor Agency
By Mansur Mirovalev
Russia has broadened the authority of the Federal Security Service, the KGB's main successor agency, by giving it Soviet-style repressive powers.
Critics said the new
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Russia to retain Petroleum-project Tax Breaks
By Maria Levitov
Russia plans to continue giving tax breaks in 2011 to companies developing oil and gas deposits that require big outlays.
The government will move forward
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Russians taking over U.S. Rocket Launch Company
By W.J. Hennigan
A Delaware judge has approved a bankruptcy reorganization plan that would transfer control of a Los Angeles-area rocket launch company from Boeing to a
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Poland Still lacks Gas Contract with Russia
By Marcin Sobczyk
Poland has yet to sign a new gas agreement with Russia after 19 months of negotiations.
Without a contract, it may be unable
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Russia to sell Air Missile Systems to Azerbaijan
Russia will sell two S-300 surface-to-air missile systems to Azerbaijan, according to the Russian business newspaper Vedomosti.
The $300 million deal, which involves two launchers, missiles and
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Peat Fires leave Moscow Smog-bound
Moscow is suffering its worst smog in almost a decade.
Forty-three peat fires in the area were sending smoke through the city, which sweltering in its hottest
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Company News
The first foreign company is unanimously accepted in to the most authoritative industry organization in Russia – The Association of Russian Refining and Petrochemicals Producers
Euro Petroleum Consultants (EPC) Ltd has been elected as the first non-Russian official member of the Association of Russian Refining and Petrochemicals Producers in Moscow –
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Prices and Statistics
Volume and Share Index by Visor Capital
Date: July 30, 2010; Source: Visor Capital
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Market Movers by Visor Capital
Date: July 30, 2010; Source: Visor Capital
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Oil and Gas Prices
Date: July 30, 2010; Source: Bloomberg.com
| Petroleum
($/bbl) |
|
Price* |
Change |
%Change |
Time |
| Nymex Crude Future |
78.26
|
-.10
|
-.13
|
02:57 |
| Dated Brent Spot |
77.06 |
.06 |
.08 |
03:07 |
| WTI Cushing Spot |
78.36 |
1.37 |
1.78
|
07/29 |
| Petroleum
(cent/gal) |
|
Price* |
Change |
%Change |
Time |
| Nymex Heating Oil Future |
203.45
|
-.27
|
-.13 |
02:52
|
| Nymex RBOB Gasoline Future |
209.74
|
3.40 |
1.65 |
07/29 |
| Natural gas
($/MMBtu) |
|
Price* |
Change |
%Change |
Time |
| Nymex Henry Hub Future |
4.86 |
.03 |
.58 |
02:56 |
| Henry Hub Spot |
4.79 |
.03 |
.63 |
07/29 |
| New York City Gate Spot |
5.13 |
.00
|
.00 |
07/29
|
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Commodities
Date: July 30, 2010; Source: Bloomberg.com
| Commodity |
Price |
Change |
%Change |
Time |
| COPPER FUTURE (USd/lb.) |
327.000 |
-2.000 |
-0.61 |
02:59 |
| GOLD 100 OZ FUTR (USD/t oz.) |
1171.600 |
0.400
|
0.03 |
02:59 |
| SILVER FUTURE (USD/t oz.) |
17.645 |
0.028
|
0.16
|
03:00 |
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Metal Prices
Date: July 30, 2010; Source: Kitco.com
| Silver |
17.57 |
-0.15 |
| Platinum |
1551.00 |
-6.00
|
| Palladium |
484.00 |
+1.00
|
| Rhodium |
2,170.00 |
0.00
|
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Exchange rates
Date: July 30, 2010; Source: the National Bank of Kazakhstan
| 1 USD |
KZT 147.58 |
1 CHF |
KZT 140.42 |
1 CNY |
KZT 21.78 |
1 TRY |
KZT 97.78 |
10 JPY |
KZT 1.69 |
| 1 EUR |
KZT 192.87 |
1 AUD |
KZT 133.10 |
1 KGS |
KZT 3.18 |
1 UZS |
KZT 0.09 |
|
|
| 1 GBP |
KZT 230.93 |
1 CAD |
KZT 143.09 |
1 RUB |
KZT 4.89 |
100 KRW |
KZT 12.45 |
|
|
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