Dmitry's Feed
Sep 12, 2011

EBRD adopts new strategy for volatile Kyrgyzstan

ALMATY, Sept 12 (Reuters) – The European Bank for
Reconstruction and Development said on Monday it had
adopted a new three-year strategy to support Kyrgyzstan’s
economy which has been hit by a year of political upheaval.

In April last year a bloody revolt deposed President
Kurmanbek Bakiyev and in June 2010 southern Kyrgyzstan saw
ethnic riots in which more than 400 people died.

Aug 11, 2011

U.S. rights body urges release of Kazakh lawyer

ALMATY (Reuters) – The U.S.-based human rights body Freedom House has demanded the immediate release from prison of a Kazakh labor lawyer, saying trumped-up accusations were used to punish her for supporting striking oil workers.

A court in western Kazakhstan sentenced Natalya Sokolova on Monday to six years in jail for “inciting social unrest” and “organizing illegal gatherings” at a Sino-Kazakh oil venture hit by a strike that began in May.

Aug 9, 2011

Kazakh labour lawyer jailed, rights bodies cry foul

ALMATY, Aug 9 (Reuters) – A court in Kazakhstan has jailed a
lawyer who advised striking oil workers on their rights, leading
human rights bodies to accuse the authorities of stifling
dissent and quashing labour union activity.

The city court of Aktau in western Kazakhstan sentenced
labour union lawyer Natalya Sokolova to six years in jail on
Monday after finding her guilty of “inciting social discord” and
“organising illegal gatherings”.

Aug 8, 2011

KazMunaiGas says Strike may cut EP 2011 output 6 pct

ALMATY, Aug 8 (Reuters) – KazMunaiGas Exploration Production
(KMGq.L: Quote, Profile, Research, Stock Buzz), Kazakhstan’s No. 2 oil producer, said on Monday it can
see a workers’ strike cutting its output cut by some 800,000
tonnes, or 6 percent of its consolidated production in 2011.

“Oil exports can decrease by an average of around 120,000
tonnes a month until a normal production process is restored,”
the company said in written answers to questions by Reuters.

Jul 7, 2011

Strike and blackouts cut KazMuniGas EP oil output

ALMATY, July 7 (Reuters) – KazMunaiGas Exploration
Production (KMGq.L: Quote, Profile, Research, Stock Buzz) on Thursday blamed emergency power cuts and
a strike as it reported a 3 percent year-on-year fall in crude
oil output in the first half of this year.

London-traded KMG EP, majority owned by Kazakh state oil and
gas firm KazMunaiGas , said that according to
preliminary data it produced 6.31 million tonnes of crude in
January-June, 216,000 tonnes less than the first half of 2010.

Jun 17, 2011

Spain’s Repsol to explore Kazakh oilfield

ASTANA, June 17 (Reuters) – Spanish energy company Repsol
(REP.MC: Quote, Profile, Research) will join KazMunaiGas (KMG) in exploring an oil block
in western Kazakhstan and could offer the Kazakh state company a
role in its international projects, KMG’s head said on Friday.

The companies will explore the Adai block in Atyrau region,
KMG Chief Executive Kairgeldy Kabyldin told reporters after
signing a memorandum of understanding with Nemesio
Fernandez-Cuesta, executive director of Repsol’s Upstream unit.

Jun 15, 2011

On the Caspian shore, a tale of two Turkmenistans

AVAZA, Turkmenistan (Reuters) – Turkmenistan’s all-powerful leader promises that, one day soon, he will build a Las Vegas on the windswept shores of the Caspian Sea.

Illuminated by distant gas flares, thousands of construction workers toil through the night to build the next stage of Avaza: a fantasy resort built on the reclusive Central Asian nation’s fabulous energy riches.

Jun 13, 2011

China builds Kazakh ties, bypasses USD with FX swap

ASTANA, June 13 (Reuters) – China, expecting trade with
Kazakhstan to double by 2015, signed a currency swap deal worth
$1 billion with its Central Asian neighbour on Monday and agreed
a $1.5 billion loan to copper miner Kazakhmys (KAZ.L: Quote, Profile, Research, Stock Buzz).

The three-year currency swap deal, the latest in a series of
bilateral agreements between China and its trading partners, was
agreed by the countries’ central banks during Chinese President
Hu Jintao’s seventh visit to Kazakhstan.

Jun 10, 2011

Rights group criticizes Kazakhstan over extraditions

ALMATY (Reuters) – Human Rights Watch Friday criticized Kazakhstan for extraditing 28 Uzbeks it said were likely to face torture at home.

“The Kazakh government has deliberately and forcibly sent individuals back to Uzbekistan where they face likely torture and persecution,” Rachel Denber, HRW’s Europe and Central Asia deputy director, said in a statement.

Jun 3, 2011

Kazakh Halyk Bank Q1 net income 6.4 pct down yr/yr

ALMATY, June 3 (Reuters) – Halyk Bank HSBK.KZ,
Kazakhstan’s second-largest lender by assets, said its net
income fell by 6.4 percent in year-on-year terms to 10.6 billion
tenge ($72.8 million) in the first quarter of 2011.

Halyk (HSBKq.L: Quote, Profile, Research, Stock Buzz) said on Friday its first-quarter net income
grew by 4.2 percent compared with the fourth-quarter of 2010.