Kazakhstan news for February 02, 2010

In this issue:

2 Corporate news
2 Uranium One’s reserve estimate increases by 400% to 47.8 million pounds U308
2 Eni midstream & downstream investments in Kazakhstan may total US$4bn
2 Upcoming events
3 Industry news
3 Prime Minister assigned to introduce in Parliament state regulation bill on mineral oil prices
3 Number of internet users in Kazakhstan grew 30% in 2009 – survey
4 Politics and Economics
4 January inflation in Kazakhstan amounted to 1.4 %
4 Prices for articles of food in January, 2010 grown by 3.9 %
4 Bill directed at transparency of banking activity to be developed in Kazakhstan
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services
 

Eni midstream & downstream investments in Kazakhstan may total US$4bn
 

At a meeting of the political council of the Nur Otan Party in Astana last Friday, President of Kazakhstan Nursultan Nazarbayev reportedly commented that Eni SpA (ENI IM)(E US) may invest up to US$4bn in a number of projects such as the construction of a gas processing plant, a gas turbine station, a drydock, and the upgrading of the Pavlodar refinery. The potential investments follow an agreement on cooperation between Eni and NC KazMunaiGas signed last year. The final decision on financing the projects will be made within two years after the feasibility study for the projects is completed.
 

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