Kazakhstan news for March 05, 2010

In this issue:

2 Corporate news
2 Kazakhmys Earnings Beat Estimates; Dividend Resumed
2 BG, Eni gas venture confirms Kazakhstan audit
2 Upcoming events
3 Industry news
3 Kazakhstan to increase oil transit by railway through Georgia
3 First 200 gas buses to be launched in Almaty in 2010
4 Politics and Economics
4 Kazakh Economy May Grow 1.5% in 2010, Government Says
4 Presidents of Kazakhstan and Israel discussed cooperation issues
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services
 

BG, Eni gas venture confirms Kazakhstan audit
 

Karachaganak Petroleum Operating (KPO), a Kazakh gas producing venture run by BG (BG.L) and Eni (ENI.MI), said on Thursday it was confident its operations were in line with Kazakh legislation. Earlier the Kazakh prosecutor general's office said it was conducting checks into the group to determine if its operations were in line with local labour and immigration legislation. "The execution of such audits is normal practice by governmental agencies in Kazakhstan and a regular occurrence in KPO and other companies," KPO said in a written response to Reuters questions. "KPO is confident that all of its business practices comply with Kazakh law. KPO is cooperating with the inspectors." (04/03/2010 reuters.com)
 

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