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KMG mulls relocation of two villages in Atyrau oblast for $36 million KazMunaiGas EP is considering allocation of 5.4 billion tenge for relocation of the citizens of Baishonas and Yeskene in Atyrau oblast.

04 May 2012

Kazakhstan and South Korea sign an MoU to construct a Caspian shipyard The MoU was signed on the sidelines of the KADEX-2012 international weaponry exhibition in Astana by Kazakhstan Engineering and STX Offshore & Shipbuilding Co., Ltd.

04 May 2012

Kazakhstani-Japanese JV SARECO to produce rare and rare earth metals in H2 2012 The shareholders are considering a feasibility study and are about to define parameters to expand the project: Vice Head of KazAtomProm.

03 May 2012

KazAtomProm hoping to export nuclear fuel components to Japan in 2013 In January – March 2012 the Company produced a total of 2 600 tons of uranium, 4% up against the Q1 2011.

03 May 2012

Kazakhstan in talks with Russia on decreased gas supplies to launch a gas processing facility of its own Kazakhstan plans a gas processing facility of its own in the West of the country to process gas from Karachaganak oil and gas field.

02 May 2012

Kazakhmys sold gold worth $115 million to Kazakhstan National Bank Kazakhmys corporation sold gold worth $115 million to Kazakhstan National Bank in the first quarter of 2012.

27 April 2012

Oil refineries will not be suspended during the modernization: Oil and Gas Minister The Minister elaborated that in 2020 the Ministry plans to start constructing a 4th oil refinery given the projected demand in 2025.

26 April 2012

Kazakhstan finalizes deal to sell 75% in Balkhash thermal power plant to South Korea investors The initial agreement on the sale of shares was signed March 27, 2012 on President Nazarbayev’s working visit to Seoul.

25 April 2012

Kazakhgold assets being sold Polyus Gold International has put up Kazakhgold assets on sale.

24 April 2012

KazAtomProm Head reports to President Nazarbayev on the Company’s performance In January – March the Company produced a total of 2 600 tons of uranium, 4% up against the Q1 2011.

23 April 2012

Kazakhmys and Air Liquide of France to jointly produce industrial gases Respective MoU was signed under the aegis of the Kazakhstan’s Ministry of Industry and New Technology April 19.

20 April 2012

Air Astana Airline incurs losses of $11 million Kerosene price hiked by almost 200% compared to 2010.

19 April 2012

Caspian Aktau Seaport has seen the second stage of the expansion project complete The expansion project seeks to expand handling capacity of the only maritime gates of the country twofold.

19 April 2012

New chairman of BTA Bank appointed Erik Balapanov has been elected a new chairman of BTA Bank.

18 April 2012

Kazakhtelecom to create the biggest Data Center in CIS Kazakhtelecom will construct the biggest Data Processing Center in CIS in Pavlodar.

16 April 2012

Visa Inc. to open an office in Almaty The total of transactions via VISA cards in 2011 in Kazakhstan made up $1.7 billion, 34% up against 2010.

13 April 2012

French Ambassador to Kazakhstan calling for exclusion of Air Astana from EU black list Jean-Charles Berthonnet made an official statement on April 9.

10 April 2012

Kazakhstan air companies are in EU black list Kazakhstan air companies, except for Air Astana, got into the EU black list again.

10 April 2012

Facebook buys Instagram photo app for $1 bn Facebook announced Monday that it made a billion-dollar-deal to buy the startup behind wildly popular smartphone photo sharing application Instagram.

10 April 2012

Air Astana stops using Fokker 50 Air Astana is terminating exploitation of Fokker 50 planes.

09 April 2012

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