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refinery Prime-Minister Oil news Massimov Masimov Kazakhstan Kazakh Kashagan National Fund Military aircraft Airbus wage salary ArcelorMittal stake shares deal business airport uranium KazAtomProm National Bank Russia fuel CIS South Korea Samsung Samruk Kazyna power plant Nazarbayev Balkhash gas field award Almaty Zhanaozen production KazMunaiGas chairman bank railroad People's IPO Kazakhstan Temir Zholy car

We may get back to constructing fourth oil refinery to accommodate Kashagan oil: PM Massimov As of today, Kazakhstan-based refineries process a bit over 13 million tons a year. Plans are there to increase oil processing up to 17.5 million tons by 2015.

29 February 2012

KazMunaiGas to obtain a loan of $4 billion out of the National Oil Fund to finance Kashagan development According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.

29 February 2012

Kazakhstan’s air force to be equipped with two C-295 military aircraft from European aircraft maker Airbus By 2018 the military fleet of Kazakhstan will have been equipped with a total of 8 C-295 aircraft.

29 February 2012

30-percent pay rise impracticable: ArcelorMittal Temirtau Management of ArcelorMittal Temirtau have reviewed the decision of the employees conference held on February 25.

28 February 2012

Kazakhstan businessmen own Russian airports Kazakhstan's Meridian Capital bought 50 percent of T.S.Trans Siberia that owns Russian airport holding Novaport.

27 February 2012

Kazakhstan may purchase a $400-500 million stake in Russia’s Uralsk Electrochemical Works Relying on the infrastructure of the Uralsk Electrochemical Works, Russia and Kazakhstan have been working together to launch a joint uranium enrichment facility.

24 February 2012

KazAtomProm announces its 2012 capital expenditures figure In 2011 the Company produced a total of 19 450 tons of uranium, 9% up against 2010.

24 February 2012

Kazakhstan’s National Bank becomes a member of the Islamic Financial Services Board (IFSB) The membership will enable the National Bank to rely on effective support of the Organization to introduce and regulate Islamic financial services in Kazakhstan.

23 February 2012

Gazprom Neft buys Kazakhstan fuel stations firm Management of Gazprom Neft made a decision to approve the purchase of 100-percent stake in Kazakhstan’s Sanol Invest.

22 February 2012

Kazakhstan and South Korea to sign a package of agreements on Balkhash thermal plant Kazakhstan’s President Nursultan Nazarbayev is to visit South Korea in March 2012.

22 February 2012

Head of Samruk-Kazyna met with head of Gazprom The head of Samruk-Kazyna National Welfare Fund met with the head of Gazprom.

21 February 2012

Almaty airport bested CIS airports Almaty International airport named the best airport in the territory of the CIS countries.

21 February 2012

KMG failed to produce over 1 million tons of oil in Zhanaozen strikes KazMunaiGas failed to produce over 1 million tons of oil because of Zhanaozen strikes.

20 February 2012

KazMunaiGas reshuffled KazMunaiGas National Oil Company has been reshuffled.

16 February 2012

KazMunaiGas may merge with KazMunaiGas Exploration and Production In the nearest future we will consider all possible optimization options within Samruk-Kazyna: Umirzak Shukeev, Head of the Samruk-Kazyna Sovereign Wealth Fund.

16 February 2012

Samruk-Kazyna not seeking to pin-pointedly sack relatives of mighty people: Fund’s Head January 27, 2012 President Nazarbayev instructed Umirzak Shukeev, Head of Samruk-Kazyna Sovereign Wealth Fund, “to optimize the headcount of ministries, regional governors’ offices”.

16 February 2012

New chairman of Nurbank appointed Mukhtar Idrissov was appointed new chairman of Nurbank.

15 February 2012

KazMunaiGas to lay off 25% of its headcount January 27, 2012 President Nazarbayev instructed Umirzak Shukeev, Head of Samruk-Kazyna Sovereign Wealth Fund, “to optimize the headcount of ministries, regional governors’ offices.

14 February 2012

Kazakhstan Temir Zholy Railways Operator on its plans The 2011 net profit of the Company totaled $750 million, “with most of the profit growth assigned to development of transit operations”.

10 February 2012

PSA Peugeot Citroën may consider launching a manufacturing facility in Kazakhstan According to Qncepto, in 2011 every fifth buyer of a new car in Kazakhstan opted for a Kazakhstan-made car.

09 February 2012

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