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News: Wednesday, May 30, 2012 -- Issue 1527 http://www.newsline.kz/rss/

Article of the Day

Astana hosts 4th Congress of Leaders of World and Traditional Religions
    The 4th Congress of Leaders of World and Traditional Religions has kicked off in Astana, Tengrinews.kz reports from the Palace of Peace and Accord.
    The forth meeting of the religious leaders is called -- Peace and Accord as the Choice for Humankind.
    The meeting of the Council of Religious Leaders will be followed by a plenary session where Nursultan Nazarbayev will deliver a speech.
    The President initiated this event several years ago. The Congress Press Office reminded readers how it started: “Realizing the threats posed by modern challenges in the globalization age, blurring of the traditional values resting on the centuries-old religious studies and surge of tensions among representatives of different religious and cultural communities, Kazakhstan President Nursultan Nazarbyaev suggested holding the Forum of World and Traditional Religions.” The first Congress was held in 2003 and gathered religious leaders from 13 countries”.
    “This year it will be participated by 87 delegations from 40 countries.
    The 4th Congress will be held on May 31, on the Day of Memory of the Victims of Political Repressions and Famine.
    It will include a ceremony of opening of a monument to victims of famine of 1932-1933, a visit to ALZHIR museum and memorial complex (Alzhir is the abbreviation for Stalinist era women's labor camp called Akmola Camp for Wives of Traitors to the Motherland) and a joint prayer in memory of the victims of political repressions. Besides, Rukhani Zharassym alley will be established during the Congress, www.tengrinews.kz said.

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Oil and Gas Sector

Roxi Petroleum spuds NK-13 well on NW Konys field in Kazakhstan
    By Sergei Balashov
    Roxi Petroleum (LON:RXP) announced that the latest well in its exploration campaign on the NW Konys field within the Galaz contract area in Kazakhstan, ...
     Full text available for subscribed users...

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Kazakh oilfield firms to pay $1 bln state investment
    By Raushan Nurshayeva and Robin Paxton
    Kazakhstan's foreign partners in developing the Kashagan oilfield will pay almost $1 billion this year and next to cover the state's ...
     Full text available for subscribed users...

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Karaganda gas deficit to be resolved
    Karaganda has suffered from a gas deficit for one month, after its supplies of natural gas were stopped, when Alem Gas were prohibited from raising their ...
     Full text available for subscribed users...

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Finance and Investment

Kazakhstan may become financial and trade center of Eurasia
    “Kazakhstan has great potential and economic capacities to be the trade and financial center of Eurasia,” JPMorgan Chase International Chairman Jacob Frenkel said in an exclusive ...
     Full text available for subscribed users...

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Online stores need incentives, expert says
    According to official figures, the number of Internet users in Kazakhstan increased by 20% in 2011.
    There are about 54 Internet users out of every 100 ...
     Full text available for subscribed users...

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Metals and Minerals

Kazakh gold miners get hefty pay raise within hours of launching strike
    Gold miners in northern Kazakhstan struck it lucky Monday when their bosses agreed to jack-up pay rates within the first day of their strike.
    Workers at the ...
     Full text available for subscribed users...

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Trade and Consumer Goods

Medvedev explains reasons for Kazakhstan visit
    By Renat Tashkinbayev
    Immediately following the meeting with Nursultan Nazarbayev Russian Prime-Minister Dmitry Medvedev had a meeting with his Kazakhstan counterpart Karim Massimov.
    He stressed that Kazakhstan ...
     Full text available for subscribed users...

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Communications and Transportation

Almaty to have new bus fleet for tours
    A new bus fleet for tours will be created in Almaty, Tengrinews.kz reports citing head of tourism department Bakhytzhan Zhulamanov.
    He named major problems of development of ...
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Roscosmos head to visit Kazakhstan soon
    “Head of Roscosmos Vladimir Popovkin will arrive soon in Kazakhstan at the invitation of the Kazakh PM to debate cooperation issues,” 1st Deputy Chief of Staff ...
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People and Professional Development

Tolmachev back to Kazakhstan
    Former adviser to Kazakhstan's permanent mission to UNESCO Valery Tolmachev, who was declared not guilty of hijacking a plane in Italy, has returned to Kazakhstan
    “He (Tolmachev) ...
     Full text available for subscribed users...

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Regional News

Kyrgyzstan, China plan to build joint railway
    By Alisher Karimov and Ulan Nazarov
    Kyrgyzstan and China are negotiating the building of an estimated US $2 billion (94 billion KGS) Trans-Asia main railway line that ...
     Full text available for subscribed users...

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Exibition news

Expo Russia Kazakhstan 2012 kicks off in Almaty
    Expo Russia Kazakhstan 2012 exhibition and the First Almaty Business Forum have opened today in Almaty.
    “I think we will benefit a lot from the exhibition and ...
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Prices and Statistics

Volume and Share Index by Visor Capital
    Date: May 30, 2012; Source: Visor Capital
Volume and Share Index

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Market Movers by Visor Capital
    Date: May 30, 2012; Source: Visor Capital Market Movers

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Oil and Gas Prices
    Date: May 30, 2012; Source: Bloomberg.com
Petroleum ($/bbl)
Price* Change %Change Time
Nymex Crude Future

90.33

-0.43

-0.47

02:14
Dated Brent Spot 106.75 -0.54

-0.50

02:25
WTI Cushing Spot 90.76 0.10

0.11

05/29
Petroleum (cent/gal)
Price* Change %Change Time
Nymex Heating Oil Future

280.39

-0.49

-0.17

01:51

Nymex RBOB Gasoline Future

290.70

0.05 0.02 02:00
Natural gas ($/MMBtu)
Price* Change %Change Time
Nymex Henry Hub Future 2.50 0.02 0.68 02:14
Henry Hub Spot 2.50 -0.07 -2.72 05/29
New York City Gate Spot

2.74

-0.01

-0.36

05/29

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Commodities
    Date: May 30, 2012; Source: Bloomberg.com
Commodity Price Change %Change Time
COPPER FUTURE (USd/lb.) 344.400 -1.800 -0.52 02.19
GOLD 100 OZ FUTR (USD/t oz.)

1,552.100

1.100

0.07

02.19
SILVER FUTURE (USD/t oz.) 27.750

-0.041

-0.15

02.19

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Metal Prices
    Date: May 30, 2012; Source: Kitco.com
Silver 27.76 -0.12
Platinum

1413.00

-11.00

Palladium

600.00

-2.00

Rhodium 1,275.00

0.00

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Exchange Rates
    Date: May 30, 2012; Source: the National Bank of Kazakhstan
1 USD KZT 147.96 1 CHF KZT 154.54 1 CNY KZT 23.31 1 TRY KZT 80.81 10 JPY KZT 1.86
1 EUR KZT 185.65 1 AUD KZT 145.92 1 KGS KZT 3.14 1 UZS KZT 0.08 1 BYR KZT 0.02
1 GBP KZT 232.21 1 CAD KZT 144.58 1 RUB KZT 4.60 1 KRW KZT 12.59 1 UAH KZT 18.33

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