Kazakhstan news for March 03, 2010

In this issue:

2 Corporate news
2 Kazakhstan's ArcelorMittal Temirtau seeks new iron ore deposits
2 Kazakhstan-based BTA Bank: Solomensk regional court acknowledges legitimacy of bank restructuring in Ukraine
2 Upcoming events
3 Industry news
3 Japan signs nuclear pact with Kazakhstan
3 CPC shipments down 10 percent in February
4 Politics and Economics
4 GDP growth of more than 7 % may lead to bubbles in economy
4 Kazakhstan to receive 7.36 % of total amount of customs duties in Customs Union
4 Central bank buys $7.5 billion to curb tenge climb
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services

CPC shipments down 10 percent in February
 

The Caspian Pipeline Consortium (CPC), which transports Kazakh crude to the Black Sea via the CPC pipeline, shipped 713,400 barrels per day in February, down 10.3 percent from January, CPC said on its website.
The consortium transported 20,002,463 barrels of CPC Blend CPC-E in February versus 23,680,144 barrels in January.
CPC shipped 34.6 million tons of crude last year and 31.5 million tons in 2008.
The 1,510-kilometer (940-mile) pipeline connects oil fields in western Kazakhstan with the Russian Black Sea port of Novorossiisk. CPC’s capacity is expected to rise to 67 million tons of oil per year, with 50 million tons capacity reserved for oil extracted in Kazakhstan, as part of a $4.5 billion expansion program scheduled to be concluded by 2014. CPC’s sovereign shareholders are Russia with 31 percent and Kazakhstan with 19 percent. (03/03/2010 silkroadintelligencer.com)
 

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