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August 2006 |
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ERSAI Caspian
Contractor LLC informed of a purchase of the first North Caspian
construction barge “ERSAI-1” with an investment of $36 million. This
purchase was made under the contract on Kashagan Field Development
Experimental Programme.
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September 2006 |
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Erbolat
Dossaev joined Lancaster Group as an equal partner and a member of the
Board of directors. A highly reputable businessman and a prominent
statesman with an experience of over nine years in the government, Mr.
Dossaev is a former partner of Mr. Kapparov in Accept Corporation and a
longtime friend of the three shareholders.
KazInvestBank’s branch opened in Shymkent and registered by the related authorities.
Syrymbet developed a pilot programme for the extraction and processing of 30,000 tons of tin ore per year.
Lancaster Group and Mr. Frank Orenstein, a successful hotel developer
with an extensive experience in the USA, Canada and Europe, have made a
decision to form a hospitality investment company to invest in
international hotel assets to be managed by recognized world class
hotel companies.
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October 2006 |
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KKM
Operating Company (KKM OC) reported drilling of well G80 was completed
in the Kokzhide field. Drilling operations started in June 2006 and
were conducted by the Chinese national oil and gas corporation Sinopek.
KKM OC also announced the appointment of D. Smagulov as President of
the company by the decision of the Board of Directors.
Lancaster Invest acquired 30% of the project of AlmatyGorStroy
construction company. Lancaster Invest also informed of the opening of
the first FuturTech educational centre in Almaty.
ERSAI Caspian Contractor LLC welcomed the first visit of the President
of Kazakhstan to the inauguration of the ERSAI Kuryk Caspian Yard.
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November 2006 |
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KKM
Operating Company (KKM OC) reported that drilling of 12 wells scheduled
by the pilot program on viscous oil production technology was completed
in the Kumsai field.
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December 2006 |
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Standard
& Poor's Ratings Services assigned its 'B/B' long- and short-term
counterparty credit ratings and 'kzBB+' Kazakhstan national scale
rating to KazInvestBank (KIB). KIB closed 2006 with a net income of
$0.92 million (tripling that of FY2005), the value of total assets
reached $200 million, an increase of $100 million, compared to FY2005.
KKM
Operating Company (KKM OC) signed a contract with the Ministry of
Energy and Mineral Resources of the Republic of Kazakhstan on oil, gas
and condensate exploration in the Karpovskiy Severnyi block of the West
Kazakhstan Oblast.
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Nurlan Kapparov has been appointed Minister of Environment Protection of the Republic of Kazakhstan
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Lancaster Group’s GazMunaiOnim LLP has successfully closed sale of 100% of shares in JSC Karpovskiy Severnyi...
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