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News: Tuesday, May 02, 2017 -- Issue 2729 http://www.newsline.kz/rss/

Article of the Day

Nazarbayev meets with Uzbek President in South Kazakhstan
    Kazakh President Nursultan Nazarbayev held a meeting with his Uzbek counterpart Shavkat Mirziyoyev who paid a working visit to South Kazakhstan region, the Akorda press-service reports.
    The Presidents discussed implementation of the agreements reached during the state visit of the Uzbek leader to Kazakhstan in March this year.
    The President of Kazakhstan noted that since the last meeting the economic activity between both countries has been growing.
    "For the 1st quarter of this year the level of commercial relations in various economic sectors is reported to rise. It is important to note the transport and logistics, automotive industry as well as regional cooperation in a wide range of issues. The turnover of commodities for the first three months of 2017 has increased by 37 per cent", Nursultan Nazarbayev said.
    For his part, Shavkat Mirziyoyev pointed out that the intensity of bilateral meetings directly affects the effectiveness of interstate relations.
    "After my visit in March this year we agreed upon the Road Map for all lines of our cooperation. Meetings between ministers and regional leaders have become more frequent", said the Uzbek President.
    The Head of Uzbekistan thanked Nazarbayev for assistance in oil transportation from the Russian Federation.
    At the end of the meeting both leaders expressed their confidence in continuation and further development of a positive pace of Kazakh-Uzbek cooperation.
    Reported by Kazinform.

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Kazakhstan General

Iron Age warriors were better at breeding horses – we've ruined them with inbreeding
    Iron Age warriors were better at breeding horses – we've ruined them with inbreeding
    We could learn a thing or two about horses from the warrior nomads ...
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Kazakhstan to introduce online platform to facilitate job exchange functions
    An electronic labour exchange, a free unified database providing labour market information, will be launched in September, said Vice Minister of Labour and Social Protection Birzhan ...
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Syrian opposition to attend next round of peace talks in Kazakhstan’s capital
    The armed Syrian opposition factions will participate in the next round of peace talks in Astana this week, negotiations being sponsored by Russia, Turkey and Iran, ...
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EU Ambassador in Astana talks about Rome declaration, Brexit and Cooperation Agreement
    Diplomatic ties between Kazakhstan and the European Union (EU) were established in 1993. Today, the EU is one of the country’s main political and economic partners. ...
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CSTO to step up efforts to promote positive image
    The Collective Security Treaty Organization (CSTO) intends to step up efforts to promote the organization's positive image. The idea was discussed during the latest session of ...
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Astana SCO Summit in the focus of interministerial consultations in Beijing
    The interministerial consultations of foreign affairs ministries of the SCO member states themed "On cooperation of press services of the foreign affairs ministries in the process ...
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Kazakh FM, Rex Tillerson discuss cooperation in NYC
    Kazakh Foreign Minister Kairat Abdrakhmanov met with U.S. Secretary of State Rex Tillerson in New York on April 28 on the sidelines of the meeting of ...
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Dust storm forecast for South and West Kazakhstan
    Inclement weather will persist in eastern and southeastern Kazakhstan today. Rain is forecast to douse some parts of the country, Kazinform has learned from Kazhydromet.
    Wind with ...
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Expo-2017

EXPO 2017 promotion discussed in Astana
    Chief of Astana EXPO 2017 Akhmetzhan Yessimov has chaired a meeting in Astana regarding the interaction with the regions on promotion of the EXPO 2017 International ...
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EXPO organisers update sales results
    13% of all tickets sold for the EXPO 2017 events were purchased by foreigners, Kazinform reports.
    "Out of 1,053 million tickets, 13% were purchased by foreign guests," ...
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UAE participation in Astana Expo-2017 will boost UAE-Kazakhstan ties: Nahyan bin Mubarak
    The UAE's participation at Astana EXPO-2017 will give a significant boost to the distinguished UAE-Kazakhstan ties, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and ...
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SAR signs agreement on participation in EXPO-2017
    At the Ministry of Foreign Affairs the EXPO 2017 Commissioner Rapil Zhoshybayev held a meeting with the Ambassador of the Republic of South Africa to the ...
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Oil and Gas Sector

Kazakhstan expects $180M cash flow from Kashagan in 2017
    #Kazakhstan will get 180 million in cash flow from Kashagan oil field in 2017, #Kazakhstan Today news agency quoted Dauren Karabayev, executive vice president and financial ...
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Kazakh PM, Saudi Energy Minister to discuss oil cuts
    Speaking in Astana, the Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid al-Falih said it is important to agree on an extension of ...
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Almaty region’s authorities report to PM on gasification works
    In the course of his working trip to Almaty region, Prime Minister Bakytzhan Sagintayev visited the Taldykorgan automated gas distributing station. The PM surveyed the station ...
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Shymkent refinery overhaul finished ahead of schedule
    On April 28, overhaul was ended on Shymkent oil refinery, 4 days ahead of schedule, Kazpravda.kz reports.
    Technical inspection and repair of technological equipment, pipelines, production furnaces, ...
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And this is where the oil will come from
    During the height of the peak oil scare, a pundit commented to me that the lack of billion-barrel discoveries in recent years seemed alarming, and my ...
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KMG EP 1Q2017 financial results in line – Halyk Finance
    On April 27, KMG EP has published financial results for 1Q2017, which, compared to the same period last year, showed a substantial improvement that is mainly ...
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Nostrum Oil & Gas PLC (NOG) given average rating of “Buy” by brokers
    Shares of Nostrum Oil & Gas PLC (LON:NOG) have received an average rating of “Buy” from the six ratings firms that are covering the company. One ...
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Condor Petroleum (CPI) analysts see $-0.06 EPS
    Analysts expect Condor Petroleum Inc (TSE:CPI) to report $-0.06 EPS on May, 11.They anticipate $0.02 EPS change or 25.00% from last quarter’s $-0.08 EPS. After having ...
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Lukoil proceeds with construction of North Caspian infrastructure
    Lukoil has deployed two convoys of vessels carrying constructive elements of Phase 2 field development facilities for LUKOIL’s Caspian projects.
    The first convoy carries the drilling rig ...
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Russia consults domestic producers on 254,000 barrels per day output cut
    Russian Energy Ministry and national oil companies will discuss continuation of an oil production limiting deal with the OPEC by May 24, minister Alexander Novak told ...
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UAE's Adnoc will cut oil sales to buyers by 10% in June
    The United Arab Emirates is cutting back supplies to customers in June as part of its agreement with OPEC to curb production.
    Abu Dhabi National Oil Co. ...
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Chevron’s Q1 earnings beat estimates—upstream turns profitable
    Kazakhstan’s largest foreign hydrocarbon investor Chevron (CVX) posted its 1Q17 results on April 28, 2017. In 1Q17, CVX’s revenues beat Wall Street analysts’ estimates by 0.4%. ...
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Med crude-Urals unchanged, premiums for Azeri Light seen weaker
    Kazakh benchmark Urals’ differentials were unchanged on Friday ahead of the long weekend as deals were done in the same price range as Thursday, while premiums ...
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Oil slips 1 percent as rising output faces weak demand worries
    Oil slipped 1 percent on Monday as rising crude output on Libya and the United States countered OPEC-led production cuts aimed at clearing a supply glut.
    Signs ...
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Oil price may dip below $50
    Oil edged below $52 a barrel on Monday as rising crude output and drilling in the United States countered Opec-led production cuts aimed at clearing a ...
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Kazakh gas export volumes, sales value to China on the increase
    China in 2016 increased piped gas imports by 13.3% to 38.32bn m3, according to Chinese customs statistics, but their value fell by 22% to $7.55bn.
    The leading ...
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Energy Industry

Primus Power (private) is selling its EnergyPod 2 for long duration energy storage solutions
    In January 2017, the company announced its second sale and installation in Kazakhstan for Samruk Energy, a sovereign wealth fund.  The first system is installed at ...
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Finance and Investment

Samruk-Kazyna JSC holds special event for investors in Almaty
    Samruk-Kazyna JSC has conducted an Investor Day in Almaty, in which the Fund's top managers updated potential partners and investors on the current status of the ...
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Assets of RK National Fund continue to decline
    In 2016, the assets of the National Fund decreased by 1%, and for the three months of this year - by another 0.5%. This is evidenced ...
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Kazakhstan's external debt up US$0.7 bln
    According to the National Bank of the Republic of Kazakhstan, the country's external debt as of December 31, 2016, stood at US$163.8 billion.
    It fell by $1.4 ...
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Government explains new foreign investment strategy, creation of Kazakh Invest national company
    Kazakh Prime Minister Bakytzhan Sagintayev and other top officials presented April 27 the outlines of the draft National Investment Attraction and Retention Strategy and the recently ...
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Asian Development Bank faces critical tests in the next five years
    Ahead of its May annual meeting in Japan celebrating the Asian Development Bank’s 50th anniversary, bank President Takehiko Nakao, made the rounds of the IMF-World Bank ...
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Metals and Minerals

KazAtomProm outlines move to trading
    KazAtomProm's newly created trading subsidiary TH Kazakatom will bring much needed liquidity to the uranium spot market, its chief commercial director Riaz Rizvi has told the World ...
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Iranian demand for imported flat steel rises
    The downward trend in the global flat steel market has finally sparked interest in foreign material among Iranian customers and trading companies.
    Chinese suppliers, under pressure from ...
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Crazy volume spikes for Turquoise Hill Resources Ltd.
    Canaccord Genuity Upgrades Turquoise Hill Resources Ltd. (TRQ)’s stock to Buy with no specific Price Target. This rating was issued on 11/14/16. The stock recently closed ...
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VTB Capital boosts team of metals traders in HK
    VTB Capital, the investment banking arm of Russia's second-biggest bank VTB, said it plans to hire five metals traders for its Hong Kong (HK) office within ...
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Firmer copper prices pull most metals higher
    Copper futures rose sharply on Tuesday as investors returned from a three-day weekend in most of Asia with a renewed appetite for industrial commodities.
    The near across-the-board ...
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Gold steady on stronger equities, dollar
    Gold was steady on Tuesday after falling nearly one percent to a three-week low in the previous session as equities and the dollar climbed, while worries ...
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Uranium: distinct lack of buying interest
    Last week uranium market participants gathered in Toronto for the annual World Nuclear Fuel Cycle conference. In previous years spot market activity has been buoyant following ...
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Trade and Consumer Goods

Foreign experts address biodiversity needs at Almaty gathering
    The current global financial needs for biodiversity management are $150-440 billion per year, while expenditures are estimated at $52 billion, said Biodiversity Finance Initiative (BIOFIN) senior ...
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Hedge funds lift bearish ag bets near to record - spurring weather rally talk
    Hedge funds extended bearish bets on ags to the second highest on record, including their biggest ever net short in wheat and a larger-than-expected net short ...
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Three more obstacles for trade in EEU to be eliminated
    Three more restrictions in the Eurasian Economic Union that prevent the free movement of goods and services in the domestic market will be removed, the press service of the EEC reported.
    In ...
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Communications and Transportation

Aktau sea port to be privatised
    Kazakhstan's Aktau International Sea Port on the Caspian Sea will be privatised in 2017, Kazakhstan Temir Zholy National Company, which owns the port said in a ...
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KTZ to sell 21 assets in 2017
    The national railway company Kazakhstan Temir Zholy is planning to sell  21 assets in 2017. President of KTZ Kanat Alpysbayev said it at the Investor Day ...
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Zenit shipyard launches fourth Project 250-class patrol ship for Kazakh navy
    Kazakhstan's Zenit shipyard has launched the fourth Kazakhstan (Project 250)-class patrol ship on order for the country's navy, according to the Ministry of Defence (MoD) in ...
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Uzbekistan Havo Yollari increases frequency of flights to Astana
    Uzbekistan Havo Yollari (Uzbekistan Airways) will increase the frequency of flights from Tashkent to Astana from 29 April 2017.
    The airline noted that it introduced an ...
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Railways of Russia, China, Mongolia, Kazakhstan, Belarus, Germany and Poland agree to develop container transportation
    The President of Russian Railways Oleg Belozerov has signed a multilateral agreement with six other partners to deepen cooperation on the organisation of container trains between ...
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First direct London-China train completes 12,000 kilometre run
    The first freight train to link China directly to the UK arrived in the eastern Chinese city of Yiwu Saturday after covering over 12,000-kilometres (7,500 miles), ...
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South Korean port executives stress the importance of Kazakhstan
    The management of the South Korea’s largest harbour intends to cooperate with Kazakhstan. Korean entrepreneurs and the Kazakh Embassy representatives discussed economic cooperation matters at a ...
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CAREN project brings Gigabit-speed connectivity to Central Asia
    Researchers, academics and students in Central Asia and Europe are already starting to benefit from the recent deployment of a ring of 1 Gbps circuits for ...
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Sports

Football Federation of Kazakhstan outlines UEFA-funded project
    In March, UEFA's HatTrick Committee approved the Football Federation of Kazakhstan's (KFF) latest project, which will see the construction of a national, multi-functional football complex in ...
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BI Marathon Set for May 28 in Astana’s Triathlon Park
    The annual BI Marathon is planned for May 28 in the capital’s Triathlon Park, and 300 people have already registered for the event.
    “This year the location ...
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Astana opens cycling season
    100 sportsmen took part in the opening event of the highway cycling season in the green belt of Astana, Kazinform correspondent reports with reference to the ...
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Kazakh weightlifter becomes best at Asian Championship
    Weightlifter Albert Linder has been announced the best athlete of the 2017 Asian Weightlifting Championships in Ashgabat, Turkmenistan, Kazinform reports.
    The Kazakhstan Weightlifting Federation official account posted ...
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Regional News

Nine children among 24 killed as a landslide engulfs a village in Kyrgyzstan
    An enormous landslide engulfed part of a village in Kyrgyzstan killing 24 people, including nine children.
    The earth slip entombed the inhabitants of six houses when it ...
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Swiss Alstom and French GE Hydro won bid to reconstruct At-Bashy HPP
    A consortium of Swiss and French companies Alstom Renewable Switzerland and GE Hydro France has won the bid to reconstruct the At-Bashy HPP in Naryn region, ...
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Kyrgyzstan: Kara-Suu residents rally against extremism, warn of dangers
    About 1,000 people on April 20 rallied in Kara-Suu city, Osh Province, denouncing extremism and calling on their fellow citizens to stay away from terrorist recruiters ...
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China’s GDP forecast: 6.6% rise for 2017
    China's GDP growth is expected to reach 6.6 percent this year, dipping 0.1 percentage point year-on-year, and it will stay within a stable and reasonable growth ...
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Foreign-invested enterprise in China on the increase since business system reform
    The deputy director of the State Administration for Industry and Commerce (SAIC) has confirmed new foreign-invested enterprises have continuously grown in the past three years, since ...
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Sinopec OKs overseas listing of marketing unit
    Asia's largest refiner Sinopec announced its preliminary listing plan for its marketing arm on Thursday, a move to further open up the country's energy markets.
    Sinopec, the ...
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Russian foreign reserves reach highest level in 28 months
    The Central Bank of Russia reports the country's foreign reserves have risen to $400 billion in the week through April 21, their highest level since the ...
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Russian retail trade continues slump
    Russia’s current volumes of retail trade are still lingering below the last year’s figures - in Q1, retail turnover was 1.8% less than a year ago. ...
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European politicians mulling EU-Russia free trade zone
    The European Union could be transformed into a free trade zone (FTA) with Russia’s participation in the future, European politicians told Izvestia. Following Brexit, Brussels' position ...
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GM Uzbekistan starts SKD assembly of new generation Malibu
    GM Uzbekistan, an Uzbek-US joint venture, launched SKD assembly of business sedan Chevrolet Malibu of new generation, the automaker said in a statement.
    GM Uzbekistan will ...
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Uzbekistan planning novelties to attract more foreign tourists
    Uzbekistan is considering introduction of a specific plastic card for tourists, entitled Uzbekistan Pass. As expected by the project initiators, it will provide an opportunity for ...
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Tajik President gives start to construction of a number of new facilities in Dushanbe
    Tajik President Emomali Rahmon has given the starting signal for the construction of a number of new administrative and educational facilities in Dushanbe, according to the ...
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Azerbaijani state budget’s 1Q17 incomes exceed forecast by 3.4%
    Incomes of Azerbaijan’s state budget amounted to 3,591.5 million manat in the first quarter of 2017, exceeding the forecast of 3,473 million manat by 3.4 percent, ...
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ADB to invest $300 million in Afghanistan infrastructure projects
    Officials from the Asian Development Bank (ADB) on April 29 said that they would provide at least $300 million USD for infrastructure projects in Afghanistan, the ...
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Afghanistan's Hekmatyar asks Taliban to lay down arms
    After some 20 years of living in hiding, former Afghan warlord Gulbuddin Hekmatyar has made his first public appearance, urging the Taliban militant group to lay ...
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Afghanistan Food Security Outlook, April 2017
    Precipitation was above-average throughout the country for February and March, except for parts of Takhar Province, per satellite-based estimates. Seasonal forecasts indicate a likelihood for average ...
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Prices and Statistics

Commodities
    

Date: May 2, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 48.64 -0.20 -0.41% Jun 2017 1:24 AM
USD/bbl. 51.36 -0.16 -0.31% Jul 2017 1:25 AM
USd/gal. 152.03 -0.69 -0.45% Jun 2017 1:25 AM
USD/MMBtu 3.22 +0.00 +0.06% Jun 2017 1:24 AM
USd/gal. 148.36 -0.42 -0.28% Jun 2017 1:22 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,257.60 +2.10 +0.17% Jun 2017 1:25 AM
USD/t oz. 1,256.36 -0.22 -0.02% N/A 1:35 AM
USD/t oz. 16.95 +0.10 +0.61% Jul 2017 1:25 AM
USd/lb. 262.75 -3.30 -1.24% Jul 2017 1:25 AM
USD/t oz. 934.23 +2.83 +0.30% N/A 1:35 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 377.50 0.00 0.00% Jul 2017 1:25 AM
USd/bu. 460.50 +4.50 +0.99% Jul 2017 1:23 AM
USD/MT 1,812.00 -29.00 -1.58% Jul 2017 5/1/2017
USd/lb. 78.86 -0.09 -0.11% Jul 2017 1:24 AM
USd/lb. 124.13 +0.10 +0.08% Jun 2017 5/1/2017
 

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Exchange Rates
    

Date: May 2, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 314.4 1 CHF

KZT 317.38

1 CNY

KZT 45.6

1 TRY KZT 88.47 1 JPY KZT 2.82
1 EUR

KZT 343.83

1 AUD

KZT 235.11

1 KGS KZT 4.68 100 UZS KZT 8.5 1 BYN KZT 168.17
1 GBP KZT 406.74 1 CAD KZT 230.55 1 RUB KZT 5.51 100 KRW KZT 27.64 1 UAH KZT 11.85

 

 

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