KazMunaiGas Exploration Production (Kazakhstan) announces Y2011 Q1 operating results

KazMunaiGas Exploration Production (Kazakhstan) announces Y2011 Q1 operating resultsJSC KazMunaiGas Exploration Production (KMG EP or the Company), announces that according to preliminary data in the first three months of 2011 it produced 3,172 thousand tonnes of crude oil (259 kbopd) including the Company’s stakes in Kazgermunai (KGM), CCEL, PetroKazakhstan Inc. (PKI) and NBK LLP (NBK), which is 11 thousand tonnes or 0,3% less than in 2010.

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Sovereign Wealth Fund Samruk-Kazyna (Kazakhstan) proposed bonds issue assigned preliminary rating BBB+ by Standard & Poor’s

Sovereign Wealth Fund Samruk-Kazyna (Kazakhstan) proposed bonds issue assigned preliminary rating BBB+ by Standard & Poor'sStandard & Poor’s Ratings Services said today that it had assigned its ‘BBB+’ preliminary long-term senior unsecured local currency debt rating to the KZT75 billion seven-year notes to be issued by Kazakhstan’s state-owned holding company Samruk-Kazyna (foreign currency BBB/Stable/A-3; local currency BBB+/stable/A-2).

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S&P upgrades GAMMA corporate governance rating to GAMMA-5+ for Development Bank of Kazakhstan

S&P upgrades GAMMA corporate governance rating to GAMMA-5+ for Development Bank of KazakhstanStandard & Poor’s Governance Services said it has raised its governance, accountability, management, metrics, and analysis (GAMMA) score on JSC Development Bank of Kazakhstan (DBK) to GAMMA-5+ from GAMMA-5. The raising of the GAMMA score primarily reflects the appointment of two additional independent directors to the board and the adoption of a long-term strategy in 2010. DBK is a Kazakhstani development institution wholly owned by “Samruk-Kazyna” Sovereign Wealth Fund.

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