JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”), announces that in the first nine months of 2011 it produced 9,207 thousand tonnes of crude oil (250kbopd) including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI), which is 738 thousand tonnes or 7% less than in the same period of 2010.

The government’s efforts to revive the construction industry in Kazakhstan seem to begin to yield results. For example, recently launched housing construction program allowed to increase the inflow of investments into this sphere for 25 % in six months period. At the same time launched by MINT Program on development of the construction industry and manufacture of construction materials, according to independent experts, looks too optimistic.

Today the Internet becomes a new driver at the telecommunication market in Kazakhstan, which actively moves the mobile communications from their positions. So, it was natural that in addition to the growth of quantitative and qualitative indicators of Kaznet, now we are observing the growing number of various disputes and conflicts, concerning the Internet one way or another: from rights for a certain site to the problems of copyright in general.

Structural changes in the global economy triggered global changes in the international food market. Worldwide food prices continue to rise and Kazakhstan is no exception. However we have a real chance not only to satisfy our own needs, but also to expand our export potential. However first of all Kazakhstan has to stabilize the situation with food prices in the country in order to fulfill this potential.

In the first half of 2011 the major macroeconomic performance indicators in Kazakhstan showed positive trends, which is a promising sign for repeat of the 7.3 % growth achieved in the domestic economy in 2010.

Samruk-Kazyna: Sovereign Wealth Fund
STATE-OWNED ENTERPRISES: KAZAKHSTAN’S CASE