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Last updated on April 19, 2014 at 18:42 EDT

Latest Almaty Stories

2012-07-20 06:20:49

ALMATY, Kazakhstan, July 20, 2012 /PRNewswire/ -- IBM (NYSE: IBM) has announced that it is working with JSC Altyntau Resources, a leading gold producer in Kazakhstan, to provide a new business analytics system to help the company to improve gold yields and increase the profitability of its operations. (Photo: http://photos.prnewswire.com/prnh/20120720/NY43686 ) (Logo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO ) The new system will enable the gold producer to centralize and...

2011-07-27 23:58:00

ALMATY, Kazakhstan, July 28, 2011 /PRNewswire/ -- BMB Munai, Inc. (NYSE Amex: KAZ) (the "Company") confirms that the audit opinion of the Company's independent registered public accounting firm included in the Annual Report of the Company on Form 10-K for the year ended March 31, 2011, which was filed on June 29, 2011 (the "Annual Report on Form 10-K"), contained a going concern qualification. The going concern qualification was required as a result of the previously announced pending sale...

2011-06-03 01:05:00

ALMATY, Kazakhstan, June 3, 2011 /PRNewswire/ -- BMB Munai, Inc. (NYSE Amex: KAZ) (the "Company") today announced that its stockholders have approved at a special meeting of stockholders the previously announced sale of all of its interests in its wholly-owned operating subsidiary, Emir Oil LLP, to a subsidiary of MIE Holdings Corporation (HKEx: 1555). The affirmative vote by holders of a majority of the Company's outstanding common stock was required to approve the sales transaction...

2011-04-04 12:32:00

NEW YORK, April 4, 2011 /PRNewswire/ -- D3 LED, LLC (D3), the world's leader in specialized LED digital display applications, today announced it has been selected by Billboard Video Engineering to design and manufacture a new LED digital display for the Almaty Soccer Stadium in Kazakhstan, a transcontinental country located in Central Asia and Eastern Europe that is ranked as the ninth largest country in the world. The City of Almaty is currently considering entering a bid for the 2018...

2010-11-15 00:06:00

ALMATY, Kazakhstan, Nov. 15, 2010 /PRNewswire/ -- BMB Munai, Inc. (NYSE Amex: KAZ) announced initial production rates from its Kariman-1 well following completion of a sidetrack well bore commenced in August 2010. "The well has produced at the stable rate of 925 bpd during the past 15 days," said Gamal Kulumbetov, Company CEO, noting, "This significant increase in production has been achieved at a cost of only $1.7 million dollars and was completed in less than four months." The...

2010-11-10 22:32:00

ALMATY, Kazakhstan, Nov. 10, 2010 /PRNewswire/ -- BMB Munai, Inc. (NYSE Amex: KAZ) announced today that oil production has commenced from a directional wellbore, drilled on the Kariman-3 well. During the first days of test production rates ranged to a high of 250 barrels per day, with stable average production of 170 barrels per day during the past five days using an electric submersible centrifugal pump on the well. The Kariman-3 well was drilled by the Company in 2007, targeting...

2010-11-09 01:28:00

ALMATY, Kazakhstan, Nov. 9, 2010 /PRNewswire/ -- BMB Munai, Inc. (NYSE Amex: KAZ) announced completion of a reconstruction and expansion project undertaken by the Company's subsidiary Emir Oil at an oil storage facility leased to Emir Oil located in Daulet village, Mangistau region, Republic of Kazakhstan. The refurbished and expanded facility will increase the storage capacity of the facility to 8,600 cubic meters (54,100 barrels). The Company's COO, Anuarbek Baimoldin, stated, "We...

2010-11-05 14:47:00

ALMATY, Kazakhstan, Nov. 5, 2010 /PRNewswire/ -- BMB Munai, Inc. (NYSE Amex: KAZ) announced today that the Company's subsidiary Emir Oil has placed in operation an expanded gas utilization system, which allows the Company to prepare all of the gas produced from its associated oil production activities for pipeline transportation in the government-operated gas distribution system. Gamal Kulumbetov, BMB Munai's Chief Executive Officer, stated that the Company is no longer flaring any...

2010-07-26 13:19:00

ALMATY, Kazakhstan, July 26 /PRNewswire-FirstCall/ -- BMB Munai, Inc. (NYSE Amex: KAZ) announced that Chapman Petroleum Engineering Ltd. of Alberta, Canada has completed an Evaluation of Prospective Resources ("Resource Report") of the Emir Oil, LLP Northwest Block territory. Resource assignment in the report was based principally on interpretation of recently completed 3D seismic studies in the Northwest Block territory. The Resource Report, identifies four potential structures on the...

2008-10-13 09:00:31

United Arab Emirates-based Etihad Airways has announced that it will launch new services to Moscow, Russia on December 1, 2008, and Almaty, Kazakhstan on December 2, 2008. Etihad will be operating 825 weekly flights with the launch of new services to Moscow and Almaty. The two new destinations will bring the number of destinations served by airline to 50. In addition to the two new routes, Etihad's network across the Middle East will be strengthened with increased services from Abu Dhabi...