February 1 to 7, 2010
5 (313), February 8, 2010

OFFICIAL NEWS

• Kazakh Ministry of Energy sets ceiling fuel retail prices
• South Korea is ready to invest $7 billion in Mangistau projects
• Prime Minister calls for protection of Kazakhstan employees working for foreign companies
• Kazakhstan farmers to receive 336,000 tons of fuel at a fixed price
• Akimat objects PetroKazakhstan's decision to increase sale prices on fuels
• Kazakh oil producers want to introduce quotation period for transfer pricing
• Prime Minister expects proposals on taxation reform in resource sector
• Kazakh oil companies seek law amendments to avoid double taxation
• National Bank of Kazakhstan introduces new exchange rate fluctuations corridor for tenge
• Statoil supports tax reform in mineral resource sector
• Astana hopes Russian oil exports will be resumed soon

COMPANY NEWS

• KMG EP to earmark over 970 million tenge for social projects in Zhanaozen this year
• KMG EP to earmark 420 million tenge for Atyrau region development projects this year
• Pavlodar refinery to increase oil processing by 10% in 2010
• Amangeldy Gas LLP increases production 4.7% last year
• KazTransGas boosts net profit 49.7% in 2009
• Fuel prices in Kazakhstan

PIPELINES AND TRANSPORTATION

• CPC boosts oil exports by 4.5% in January
• Gazprom, Hungarian Development Bank set up JV for South Stream
• Upetrom Group to begin building Dzhubga-Sochi gas pipeline March 20
• Yanukovych vows to seek international gas transmission consortium if becomes president

CIS, BALTIC AND INTERNATIONAL NEWS

• Russian oil exporters demand explanation from FCS for levying duties on oil supplies to Kazakhstan
• Russian government zeroes export duty for oil from 22 East Siberian fields
• Oil export duty rises to $270.7 per ton from Feb 1
• Russia grows oil reserves 620 mln tons, gas 580 bcm in 2009 - Rosnedra
• Russia, Belarus sign oil delivery agreement to end export duty dispute
• Russian firms close in on Venezuelan oil
• Rosneft sees 2009 GAAP earnings fall 36% to $6.514 bln, below forecast
• Gazprom boosts Q3 2009 net profit 33%, beating forecast
• Rosneft could boost capex to $9-$10 bln in 2010
• No oil flow at first well drilled at Rosneft's East Sugdinskoye section
• Gazprom Neft boosts oil output in 2009 by 3.5%, production to increase in 2010 by 3%
• Gazprom Neft to enter projects in Iran, Libya, Cuba, Equatorial Guinea by mid-2010
• Gazprom could export 15% more gas to non-FSU countries in 2010, price to rise 10%
• En+ could sell United Oil
• Vitol subsidiary buys 50% in Tomsk region oil project from PetroNeft
• Russia, Belarus to work out all aspects of bilateral energy cooperation - Sechin
• Total to begin first exploration well at Absheron in September
• Rosneft to build high-tech oil refinery in Chechnya
• Belarus expects Gazprom to keep gas prices at '09 level - PM
• Gazprom, PGNiG sign new contract
• Gazprom to settle with Eni, Enel for SeverEnergia within two months
• Capital Group sells Gazprom stock for $100 mln in 2009

STATISTICS

• Inflation in Kazakhstan in January was 1.4%
• National Fund assets 1.03% up in January
• Kazakhstan boosts gas extraction 4.4% in January
• Kazakhstan extracts 5.7% more oil, gas condensate in January
• Russia ups oil output 2.8%, gas soars 16.2% in Jan
• Producer prices for gasoline in Russia down 13.2% in Dec, up 37.6% for 2009
• Russia ups oil export to non-CIS 3% in Jan
• Russian natural gas exports down 13.9% in 2009
• Azerbaijan's oil product exports drop 11% in Jan

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