KazMunaiGaz EP to explore new oil blocks
KazMunaigaz EP is to purchase 4 oil blocks – Temir, Teresken, Karaton-Sarkamys and territories adjacent to Uzen and Karamandybys oil fields – from its parent company, KazMunaiGaz.
Kazakh business to face no illegal inspections
A software tracking all inspections of small and medium businesses will be introduced on July 1, 2011.
Jewish Al-Jazeera to be created
Aleksandr Mashkevich promised to to create a pro-Jewish TV-channel to carry out explanatory work against delegitimation of Israel in the world.
KazAtomProm and Purolite to produce chemicals
KazAtomProm and Purolite International AG signed a memorandum of understanding and cooperation in technologies and innovations.
New business support program to be launched April 15
Productivity-2020 business support program will be launched in Kazakhstan on April 15.
Government to sell its stakes in Kazakh banks
Samruk Kazyna Sovereign Fund is expected to sell its stakes in BTA, Temir Bank and Alliance Bank before 2014. According to the Fund’s Chairman Kairat Kelimbetov, the banks’ value is set to grow.
KazMunaiGaz to develop O&G machinery building
The program seeks to launch production of 35 types of equipment locally: the company’s statement.
KEGOC National Power Grid Operator’s budget 6% up
We plan to invest $117 million this year. We have entered the 2nd stage of modernization works on the national electric power grid: KEGOC Chairman.
KazKommertsBank ready to buy back 21.2% of its common stock
A final decision will be taken by the parties of this agreement – major shareholders of the Bank and Samruk-Kazyna Sovereign Wealth Fund.
KazakhTelecom to double Internet speed
KazkhTelecom will double Internet access speed up to 10Mbit/sec starting from April 1.
Kazakhstan and Norway to agree on Abai Caspian oil block
The next step would be negotiations with Kazakhstan’s Ministry of Oil and Gas to obtain rights to develop Abai Caspian oil block.
KazAtomProm and AtomRedMetZoloto sign MoU to produce rare earth metals
Rosatom's Director General Sergey Kirienko: Kazakhstan and Russia jointly have all the conditions in place to hold a strong position in the rare earth metals market.
KazakhOil Aktobe to launch $ 300 million gas plant in November
The project worth $ 300 million is a major part of the region’s industrialization program.
RosAtom head to discuss construction of nuclear power station in Kazakhstan
The nuclear power station is at the stage of feasibility studies.
Kazakhstan to produce 20 000 tons of uranium in 2012
In 2011 Kazakhstan plans to extract 19 600 tons of uranium, with the output to be increased if required.
KazMunaiGas thinking about buying Helios
Timur Kulibayev confirmed that KazMunaiGas started negotiations on buying Helios fuel stations network.
KazAtomProm to increase wages 10-20%
Average wages of KazAtomProm employees made 148 thousand tenge ($1000) in 2010. Not everyone will get a pay rise in 2011.
KazAtomProm to launch solar battery production in Astana
KazAtomProm will establish a solar battery production in Astana with a metallurgic unit in Ust-Kamenogorsk.
KMG EP’s profit grew 12% in 2010
In 2010KMG EP’s profit after tax grew 12% making $1.591 million while average Brent price increased 28%.