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July 2005 |
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KKM
Operating Company (KKM OC) announced that the first shipment of crude
oil through CPC system was successfully transported to Novorossiysk,
Russian Federation. KKM OC signed an agreement on oil transportation
with Caspian Pipeline Consortium (CPC) in March 2005.
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August 2005 |
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Oleg
Kononenko joined KazInvestBank as a member of the Board of Directors.
His 14-year experience, along with his supportive Temirbank team,
helped expand business operations in branches and retail business
development.
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September 2005 |
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IPNet
marked a rapid DIRECWAY sales grow. Direcway technology is the newest
VSAT satellite technology from the world’s leading company Hughes
Network Systems. Direcway terminals have the capacity to provide
throughput speed of up to 48 Mbps, access to Turbo Internet/Intranet,
telephony, and very reliable security system.
KazInvestBank (KIB) obtained a new updated banking license for a
complete range of banking services, including issuance of cards and
issuance/confirmation of letters of credit. KIB also issued
subordinated bonds in the amount of $10 million.
Syrymbet
introduced tin production technology for hydro- and hydrometallurgical
processes. Designed by a local scientific research centre, this
technology will also be used in production of such goods as SiO2, Al2O3
and Fe2O3.
Lancaster Invest acquired 51% of the
Advant Venture Fund with the capital of KZT 2.7 billion. The other 49%
of the shares are held by the National Innovation Fund of the Republic
of Kazakhstan (NIF).
ККМ
Оperating Сompany (KKM OC) signed a Memorandum of the Mutual
Understanding of Producing Industry Transparency Initiative in the
Republic of Kazakhstan.
ERSAI Caspian Contractor
LLC started the construction of a jetty on the south side of the Yard.
The jetty characteristics are reported to be 265 long with 5m water
depth and an elevation of 1.8m above sea level, and with load capacity
of 50 ton per sq.m. The jetty investment totaled over $12 million.
ERSAI Caspian Contractor also signed a contract with KEPPEL Kazakhstan
for procurement, prefabrication and erection of ancillary steelworks
and pipe racks.
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October 2005 |
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The
Board of Directors appointed A. Utessinov to the position of President
of KKM OC. Mr. Utessinov replaced Mr. M.B. Sapargaliyev who was
dismissed from the position in September.
Lancaster Invest informed that Arnat Abzhanov joined the company as
Vice-President. Prior to joining Lancaster Invest, Mr Abzhanov held
positions of Managing Director at KazInvestBank and Deputy General
Director at AIG Silk Road Capital Management.
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November 2005 |
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KKM
Operating Company (KKM OC) reported that drilling of the first well in
Kumsai field was completed. This work was part of KKM OC pilot project
launched in May 2005 in cooperation with APA Petroleum Engineering, a
Canadian consultancy company.
Lancaster Invest signed the Project Management Agreement with the Advant Venture Fund.
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December 2005 |
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KazInvestBank
(KIB) subordinated bonds of $10 million issued in September and
successfully passed the Kazakhstan Stock Exchange (KASE) with an "A"
rating. KIB closed FY2005 with a positive net income of $0.29 million
with total assets of more than $107 million.
KKM
Operating Company (KKM OC) won a tender for subsoil use in Karpovskiy
Severnyi block, which contains oil, gas and condensate. The general
meeting of KKM OC shareholders has approved the Corporate Management
Code.
ERSAI Caspian Contractor LLC reported the
implementation of the Quality System. The company is now certified ISO
9001 by the Bureau VERITAS Kazakhstan.
Lancaster Invest informed that the Advant Venture Fund acquired 60% of
G-Media JSC, a telecommunications company operating since 2001 in
Pavlodar city of the north-eastern Kazakhstan.
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National
Innovation Fund of Kazakhstan has made a successful exit from Advant venture
fund earning 50 mln tenge profit
...
Eurasian Development Bank (EDB) has granted Syrymbet JSC credit of $48,7 mln for implementation of the tin production project
...
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