Kazakhstan Newsline   
About us
Daily News Digest
Kazakhstan Newsline In-Depth
Promotions
Weekly News Digest
News Archive
Media Monitoring
Translations
Company News Service
Prices
Our Readers in Figures
Iteca Exhibition News
Partners News
| eng | rus |

Newsline archive:
<< May, 2017 >>
S M T W T F S
 010203040506
07080910111213
14151617181920
21222324252627
28293031   

Search:


Advanced Search
You are not logged in
Please login or register
Email: 
Password: 
 

Ads:

(Open in a new window)

News: Thursday, May 04, 2017 -- Issue 2731 http://www.newsline.kz/rss/

Article of the Day

Opec teaches world's top uranium miner how to handle price crash
    Kazakhstan, which mines almost 40% of the world’s uranium, thinks it has the market heft to function as a one-nation Organization of Petroleum Exporting Countries (Opec) for the nuclear fuel.
    Opec, whose 13 members also pump about 40% of global output, is an “example” in the way it’s used its size to pursue higher pricing, according to Kazakhstan’s sovereign wealth fund Samruk-Kazyna, which owns the State’s 100% stake in uranium producer Kazatomprom.
    Already enjoying the advantage of being the lowest-cost producer in the world, Kazatomprom was able to turn a profit last year even after prices collapsed, said Berik Beisengaliyev, the fund’s management board member. It also plans to build its own trading arm to assert greater sway in the market, he said in an interview in Almaty. A decision on an initial public offering of shares in the company is due in the first half of next year.
    “Kazatomprom will be actively involved in uranium trading,” said Beisengaliyev, who’s also managing director of asset optimisation at Samruk-Kazyna. “It’s possible to gain more influence” over prices, but “it’s not a matter of one day. It’s a lengthy process.”
    Kazakhstan, the world’s largest uranium producer, already flexed its might this year, sending prices up 10% when it announced plans to reduce 2017 output after a slump last year amid a global inventory glut. Opec, together with 11 other partners, has also sought to eliminate an oversupply that depressed oil prices, clinching an agreement to pare production during the first half of this year that has helped stabilise crude.
    For uranium miners, however, the challenge goes beyond the global surplus that made the fuel the world’s worst commodity in 2016 with a drop of 41%. The market has suffered since the 2011 earthquake and tsunami that crippled Tokyo Electric Power Co.’s Fukushima Daiichi power station, shutting Japanese reactors and forcing other countries to rethink nuclear power. Utilities have also shifted to cheaper natural gas for new generators.
    Spot uranium has recouped some losses after dropping below $18/lb last November for the first time in 12 years. It’s traded around $23 last month. Prices are forecast to peak this year at $32.50 in the third quarter, according to the median of analyst estimates compiled by Bloomberg.
    Fitch Ratings predicts spot prices will remain “under pressure” until the next decade, failing to recover to $50 for several years. Such a “low-price environment” will only cement Kazakhstan’s status as the biggest miner, it said in a report. The Central Asian country accounted for 39% of the world’s output in 2015, with Kazatomprom alone producing 21% of the global total, according to the World Nuclear Association.
    Kazakhstan first emerged as a major uranium-producing area when it was part of the Soviet Union. All of its uranium is produced by mining operations that are either wholly owned by Kazatomprom or are managed through joint ventures with international partners.
    Kazakhstan, which gave up its nuclear weapons voluntarily after the Soviet collapse, also has no atomic power station. Samruk-Kazyna’s Beisengaliyev said “it’s not ruled out” that it will make a decision to build one. President Nursultan Nazarbayev laid out plans for the country’s first nuclear plant three years ago.
    But Kazakhstan’s ability to play the role of a uranium Opec will hinge on developing its own trading operations, Beisengaliyev said.
    In Saudi Arabia, the dominant Opec power, its state oil company is also considering an IPO. Aramco, as Saudi Arabian Oil Co. is known, started operating a trading arm in 2012.
    “It’s one thing when we simply sell uranium in the market through some wholesalers, and another thing when you sell yourself,” Beisengaliyev said. “There are prospects in that regard.”
    Kazatomprom will be part of the first wave of “strategic assets” that the government plans to offer up for privatization. While details are still lacking, and no decision has yet been made, the authorities are confident about finding the right buyer, according to Beisengaliyev.
    “It’s a unique company -- it doesn’t matter where it will be placed,” he said. If needed, “investors will fly even to the moon.”
    Reported by Bloomberg.

Back to top

Kazakhstan General

Document on safety areas in Syria to be signed in Astana as Syria rebels ‘suspend’ participation over continued airstrikes
    Director of the Kazakh MFA Department for Asia and Africa Aidarbek Tumatov has commented on the outcomes of today's Astana Process on Regulation of the Syrian ...
     Full text available for subscribed users...

Back to top

Rains expected in Kazakhstan on May 4-6
    Kazhydromet has published its weather forecast for May 4-6, 2017.
    "Weather is changeable in May: East Kazakhstan saw snowy weather with scattered snowstorms on May 2, and ...
     Full text available for subscribed users...

Back to top

Nearly 60 fires broke out in Kostanay region in a day
    The Kostanay region’s Emergency department cautions gardeners against burning last year's garbage on their summer plots (dachas). Many of them do it without thinking that fire ...
     Full text available for subscribed users...

Back to top

Central Asia risks greater exposure to Islamic extremism
    The track record of outlawing Islamic movements in Central Asia has generally spawned further radicalisation of prohibited religious groups, as seen in Uzbekistan. The mix of ...
     Full text available for subscribed users...

Back to top

Japan to facilitate visa regime for Kazakhstan citizens
    Foreign Minister of Kazakhstan Kairat Abdrakhmanov and the Japanese Foreign Minister Fumio Kishida met in Ashgabat on May on the sidelines of the Central Asia + ...
     Full text available for subscribed users...

Back to top

Expo-2017

EXPO-2017: Organisers to hold first Eurasia Film Market
    According to the Minister of Culture and Sports of Kazakhstan Arystanbek Mukhamediuly, within the EXPO-2017 Eurasia international film festival, organisers plan to hold a film market.
    The ...
     Full text available for subscribed users...

Back to top

Chinese cuisine to take center stage at Expo
    The China Cuisine & Culture Pavilion will make its debut at Expo Astana 2017 later this year, offering a gourmet guide to China and its unique ...
     Full text available for subscribed users...

Back to top

Oil and Gas Sector

Kazakh oil major plans IPO, but Central Bank will keep its stake
    The era of quantitative easing and emergency measures has left central banks with trillions in assets. In the case of the National Bank of Kazakhstan, it ...
     Full text available for subscribed users...

Back to top

IMF reveals breakeven oil price forecast for Kazakhstan
    The fiscal breakeven oil price for #Kazakhstan will be 60.6 per barrel in 2017 and 2018, as compared to 61.6 per barrel in 2016, said the ...
     Full text available for subscribed users...

Back to top

Shymkent oil processing facility widens spectrum
    A Kazakhstani plant is developing new types of petroleum products to be exported abroad. The new plant for production of Euro-5 ecological motor fuel was launched ...
     Full text available for subscribed users...

Back to top

Russian April oil output decrease averages 258,600 bpd - Energy Ministry
    Average oil production in April has decreased by 258,600 barrels per day (bpd) in Russia and constituted 300,790 bpd as of May 1, the Russian Energy ...
     Full text available for subscribed users...

Back to top

Med crude-Urals differentials stable in quiet trade
    Kazakhstan’s benchmark blend Urals’ differentials were unchanged on Wednesday in subdued trading.
    In the window, and tried to sell 80,000 tonnes of Urals each loading on May ...
     Full text available for subscribed users...

Back to top

Oil dips on small U.S. crude stock drop, weak gasoline demand
    Oil prices edged lower Wednesday after U.S. government data showed a smaller-than-expected decline in domestic crude inventories and weak demand for gasoline, feeding concerns about a ...
     Full text available for subscribed users...

Back to top

Opec oil exports under scrutiny as crude price sags
    As oil prices languish near $50 a barrel, energy traders are starting to point the finger at one previously overlooked culprit: exports.
    For all Opec’s self-imposed production ...
     Full text available for subscribed users...

Back to top

Russia LNG export: recent developments
    The Russian Federal Tariff Service (the FTS) regulates the price at which Gazprom and its affiliates can sell natural gas to the wholesale market and to ...
     Full text available for subscribed users...

Back to top

Finance and Investment

DBK likely to finance 12 large projects in 2017
    The Development Bank of Kazakhstan is planning to finance 12 large projects in 2017, according to CEO of the bank Bolat Zhamishev.
    As Zhamishev said at ...
     Full text available for subscribed users...

Back to top

Kazakh firms arrived in Bishkek for Kyrgyz-Kazakh business forum
    29 Kazakh firms arrived in Bishkek for the Kyrgyz-Kazakh business forum, Tazabek reported.
    The business forum was to be held on May 3.
    Kazakhstani producers of food ...
     Full text available for subscribed users...

Back to top

Kazakhstan: inflation in April amounted to 0.5% mom
    According to the Committee on Statistics, the inflation in annual terms in April was at 7.5%, decelerating by 0.2pp. The monthly increase in prices remained unchanged ...
     Full text available for subscribed users...

Back to top

Ex-finance minister shares forecast on possible tenge devaluation
    Bolat Zhamishev, Chairman of the Board of the Development Bank of Kazakhstan (DBK) has given his outlook on possible devaluation of the Kazakh national currency, Kazinform ...
     Full text available for subscribed users...

Back to top

DBK to increase financing of non-energy sector of Kazakhstan economy
    Development Bank of Kazakhstan (DBK) on May 3 said it has amended its credit policy in order to increase financing of projects in the non-energy sector ...
     Full text available for subscribed users...

Back to top

Fitch affirms three Kazakh policy institutions
    The International Rating Agency Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Development Bank of Kazakhstan (DBK) and House Construction Savings Bank of ...
     Full text available for subscribed users...

Back to top

Tsesnabank reports 18% decrease in IFRS net profit in Q1
    In 2017 Q1, Kazakhstan-based Tsesnabank earned 4.927 billion tenge in net profit, a drop of 17.9% year-on-year, according to the bank’s consolidated financial statements under IFRS.
    In ...
     Full text available for subscribed users...

Back to top

KASE day session: USDKZT_TOD = 315.28
    The day foreign currencies trading session ended on Kazakhstan Stock Exchange (KASE).
    Based on results of trades on the spot-market:
    - weighted average US dollar rate with settlements ...
     Full text available for subscribed users...

Back to top

Metals and Minerals

Polymetal International (LON:POLY) stock “underweight” rating reaffirmed at JP Morgan Cazenove; target is GBX 956.00
    In an analysts note made public on Wednesday morning, Polymetal International (LON:POLY) stock had its “Underweight” Rating reconfirmed by professional analysts at JP Morgan Cazenove. They ...
     Full text available for subscribed users...

Back to top

Hot Stock Update: Turquoise Hill Resources Ltd. (TRQ)
    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 ...
     Full text available for subscribed users...

Back to top

London copper near 2-week low on U.S. rate rise expectations
    London copper fell on Thursday after a big build-up in exchange stocks and as traders priced in two U.S. interest rate rises expected this year that ...
     Full text available for subscribed users...

Back to top

Gold at 1-month low as dollar climbs, Fed holds rates
    Gold fell to a one-month low as the dollar firmed on Wednesday, after the U.S. Federal Reserve kept interest rates unchanged as expected and the market ...
     Full text available for subscribed users...

Back to top

Uranium prices set to rise In 2017
    Uranium prices have rebounded a little in recent months. With spot rates rising to a current $22.75/lb — after falling as low as $18 in late ...
     Full text available for subscribed users...

Back to top

Uranium producers prepare for market recovery
    Some of the world's leading uranium miners last week described major changes they have made in response to the protracted downturn in uranium prices. At the ...
     Full text available for subscribed users...

Back to top

Manufacturing industry

Contractor is still being sought for Kyzylorda glass plant
    DBK board chairman Bolat Zhamishev told a press conference in the Central Communications Service yesterday that a new contractor for the construction of the glass plant ...
     Full text available for subscribed users...

Back to top

Q1 Kazakhstan PVC imports rise 75%
    Imports of unmixed polyvinyl chloride (PVC) into Kazakhstan slightly exceeded 9,600 tonnes in January-March 2017, up 75% compared with the same time a year earlier, according ...
     Full text available for subscribed users...

Back to top

Trade and Consumer Goods

Kazakhstan. This year’s oilseed planting forecast increased 12%
    According to the Ag Ministry of the Republic of Kazakhstan, oil crops were planted on an area of 130.3 Th ha as of April 26, 2017. ...
     Full text available for subscribed users...

Back to top

Call for accelerated implementation of innovative technologies in agriculture in EAEU
    Implementing innovative technologies in agriculture in the countries of the Eurasian Economic Union (EAEU) should be accelerated, Member of the Board (Minister) for Industry and Agribusiness ...
     Full text available for subscribed users...

Back to top

April 2017 global price watch
    In West Africa, regional staple food production during the 2016/17 marketing year was well above average. International rice and wheat imports continue to support regional market ...
     Full text available for subscribed users...

Back to top

Wheat futures revive, on show of US crop damage
    Arguably the most exciting ride enjoyed by ag investors on Friday was in the cattle complex, where best-traded futures traded limit up, helped by evidence of ...
     Full text available for subscribed users...

Back to top

China starts up corn auctions, as imports plummet
    The Chinese government will make a start in selling off its massive corn reserves this week, officials said.
    On May 5 the government will offer some 2.51m ...
     Full text available for subscribed users...

Back to top

ICAC trims cotton price outlook
    The International Cotton Advisory Council trimmed its expectations for cotton prices next season, even as Societe Generale ditched a "bearish" outlook on the fibre, flagging "speculation" ...
     Full text available for subscribed users...

Back to top

In January-February, Kazakhstan exported goods to the EAEU for 2.58 bln USD
    In January-February of 2017, Kazakhstan supplied goods on the market the Eurasian Economic Union (EAEU) at the sum of 2.582 bln USD, an increase of 56% ...
     Full text available for subscribed users...

Back to top

Communications and Transportation

Huawei Academy opens in Almaty to support local ICT education
    Huawei recently opened the first in Kazakhstan Huawei Authorised Information and Network Academy (HAINA) in Almaty based on the Kazakh-British Technical University (KBTU), according to the ...
     Full text available for subscribed users...

Back to top

Construction of $1.8bn LRT in Astana starting in early May
    The city authorities announced the start of light rail transport construction in Astana. In an exclusive interview to the "Astana" TV channel, deputy mayor Sergei Khoroshun ...
     Full text available for subscribed users...

Back to top

Kazakh port of Kuryk increases profile
    The Kuryk port is an important component in building both transport and logistics potential and export opportunities of Kazakhstan. It will play one of the key ...
     Full text available for subscribed users...

Back to top

Sales of biggest Kazakh car plant soar
    Kazakhstan's largest car producer Azia Avto increased its sales by 79 percent in 1Q2017 compared to the same period of 2016, to 1,916 cars, the plant ...
     Full text available for subscribed users...

Back to top

Volvo expands dealer network in 11 regions of Russia and Kazakhstan
    Volvo Car Russia announced a tender for partners to open dealer and service centers in 11 regions of Russia and Kazakhstan, the company said.
    In 2018, its ...
     Full text available for subscribed users...

Back to top

Train capable of 400 km/h ready to boost region's connectivity by 2020
    China is working on next-generation bullet trains with a maximum operational speed of 400 kilometers per hour that will be ready by 2020 for markets linked ...
     Full text available for subscribed users...

Back to top

Culture and Society

Museums of Karaganda region present tourist services
    A presentation of tourist services of the region's museums was held in Karaganda, Kazinform reports.
    According to the press service of the regional administration, the event was ...
     Full text available for subscribed users...

Back to top

Sports

Forbes ranks Golovkin 2nd among world's P4P moneymakers
    Forbes magazine has released the updated rankings of boxing's top 15 P4P moneymakers, Kazinform has learned from Sports.kz.
    Unbeaten Kazakhstani middleweight boxer Gennady Golovkin is ranked 2nd ...
     Full text available for subscribed users...

Back to top

Regional News

Rapid drop in Chinese forex reserves a worrying sign
    China's foreign exchange (forex)reserves fell from $3.99 trillion in June 2014 to $3 trillion in January 2017, a drop of 25 percent. The reason behind the ...
     Full text available for subscribed users...

Back to top

Alive and kicking: Russia's Q1 annual GDP grows by 0.2%-0.4%
    Russia's first-quarter annual GDP growth stood at 0.2-0.4 percent, the Bank of Russia said in information and analytical materials published Wednesday.
    "According to the Bank of Russia ...
     Full text available for subscribed users...

Back to top

In April, Russia exported 2.6 mln tonnes of grains - Rusagrotrans
    According to preliminary figures, in April 2017 the export volumes of Russian grains totaled 2.6 mln tonnes, which became significantly lower compared with the previous month ...
     Full text available for subscribed users...

Back to top

Russia builds ultra-modern 5G communication systems
    The most advanced 5G transmission system of the next generation will be built in eight Russian cities by 2020, while fifteen more are planned to be ...
     Full text available for subscribed users...

Back to top

Large 56-hectare diary unit to be built in Tyumen region
    A large diary production unit designed for 4,600 animals is scheduled to be put in operation in the Tyumen region, Russia, by the end of 2017.
    As ...
     Full text available for subscribed users...

Back to top

Russia to write off Kyrgyzstan's debt of $240 million
    Russia plans to write off Kyrgyzstan's debt worth $240 million, as it follows from a draft protocol to the relevant agreement of the two governments.
    The previous ...
     Full text available for subscribed users...

Back to top

Kyrgyzstan ratifies agreement with ADB on financing construction of road connecting CAREC Corridors 1 and 3
    President of Kyrgyzstan Almazbek Atambayev has ratified the agreement between Kyrgyzstan and Asian Development Bank (ADB) on financing the rehabilitation of the connector road from Epkin ...
     Full text available for subscribed users...

Back to top

Uzbekistan manufactured 88 thousand cars in 2016
    Uzbekistan is a leading manufacturer of passenger cars and commercial vehicles in the region of Central Asia, the Jahon information agency reported. In 2016, a total ...
     Full text available for subscribed users...

Back to top

Tajikistan’s investment portfolio includes 68 projects totaling $2.85 billion
    Tajikistan’s investment portfolio now includes 68 projects totaling 2.85 billion according to the State Committee on Investments and State-owned Property Management (GosKomInvest).
    Tajikistan’s investment portfolio, in particular, ...
     Full text available for subscribed users...

Back to top

World Bank helps rehabilitate Nurek hydropower plant in Tajikistan
    The people of Tajikistan and local enterprises will gain access to a more reliable supply of electricity with the approval, on May 3, of US$225.7 million ...
     Full text available for subscribed users...

Back to top

Taliban advances but Dushanbe sanguine
    Reports that the Taliban have captured the Zebak district Afghanistan’s Badakhshan province, under 40 kilometers from the Tajik town of Ishkashim, is eliciting no evident alarm ...
     Full text available for subscribed users...

Back to top

Prices and Statistics

Commodities
    

Date: May 4, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 47.68 -0.14 -0.29% Jun 2017 1:25 AM
USD/bbl. 50.68 -0.11 -0.22% Jul 2017 1:24 AM
USd/gal. 152.66 -0.72 -0.47% Jun 2017 1:16 AM
USD/MMBtu 3.22 -0.01 -0.28% Jun 2017 1:22 AM
USd/gal. 147.09 -0.27 -0.18% Jun 2017 1:13 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,240.10 -8.40 -0.67% Jun 2017 1:25 AM
USD/t oz. 1,239.00 +0.83 +0.07% N/A 1:35 AM
USD/t oz. 16.57 +0.02 +0.11% Jul 2017 1:25 AM
USd/lb. 253.55 -0.80 -0.31% Jul 2017 1:25 AM
USD/t oz. 901.47 +4.04 +0.45% N/A 1:35 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 374.25 -0.50 -0.13% Jul 2017 1:25 AM
USd/bu. 452.00 -2.00 -0.44% Jul 2017 1:25 AM
USD/MT 1,780.00 -25.00 -1.39% Jul 2017 5/3/2017
USd/lb. 78.86 +0.09 +0.11% Jul 2017 1:25 AM
USd/lb. 130.05 +3.00 +2.36% Jun 2017 5/3/2017
 

Back to top

Exchange Rates
    

Date: May 4, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 315.35 1 CHF

KZT 318.66

1 CNY

KZT 45.76

1 TRY KZT 89.23 1 JPY KZT 2.81
1 EUR

KZT 343.98

1 AUD

KZT 235.57

1 KGS KZT 4.67 100 UZS KZT 8.45 1 BYN KZT 168.82
1 GBP KZT 407.09 1 CAD KZT 229.78 1 RUB KZT 5.52 100 KRW KZT 27.9 1 UAH KZT 11.9

 

 

Back to top


Please contact us for subscription or to send your press releases at: news@newsline.kz
www.newsline.kz

 

  Tel.: +7 (727) 259-94-94; email: news@newsline.kz
Copyright © 2006-2017 Check Point Group