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News: Thursday, May 11, 2017 -- Issue 2734 http://www.newsline.kz/rss/

Article of the Day

U.S. Ambassador wants to up tourist flow to Kazakhstan, says Trump will stay away from the Expo
    U.S. Ambassador to Kazakhstan George A. Krol shared his thoughts on the possibility of expanding bilateral cooperation between Kazakhstan and his country, Kazinform correspondent reports.
    Ambassador Krol believes that Kazakhstan and the U.S. should expand the potential of bilateral cooperation in various spheres.
    In his words, in terms of investment the U.S. mainly focuses its attention on Kazakhstan's energy sector, especially on oil and gas production. But, Ambassador Krol admitted that he wants Kazakhstan and the U.S. to expand their economic cooperation in the sphere of agriculture, IT technologies and more, because the two countries have a huge potential in that respect.
    Additionally, the American diplomat pointed out that few tourists from the U.S. visit Kazakhstan and that should be changed.
    Ambassador Krol noted that Kazakhstan and the U.S. should step up people-to-people contacts. Few American tourists visit Kazakhstan. Moreover, some Americans have no idea where Kazakhstan is situated. On the contrary, many Kazakhstanis visit the U.S. to travel, study and work there.
    According to Krol, due to his busy schedule US President Donald J. Trump will not come to EXPO-2017.
    According to him, the composition of the American delegation has not yet been determined, as well as the timing of its arrival in Kazakhstan.
    "I will attend the opening ceremony of the exhibition and perhaps some of my colleagues from the US State Department. The delegation may also include scientists, statesmen, congressmen or senators," George A. Krol noted.
    In his turn, Anthony Pahigian, Ambassador's Counselor of Press, Culture and Education promised that the US pavilion will be presented to the public as soon as possible.
    Reported by Kazinform.

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Kazakhstan General

Head of Mangistau health department convicted for extortion
    The head of Mangistau region’s health department Maral Kadyr was sentenced to 7 years of penal colony with property confiscation, Kazpravda.kz reports citing lada.kz.
    The investigation into ...
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Strong wind, rains to hit Kazakhstan May 11
    Unstable weather is forecast on Thursday in many regions of Kazakhstan with rains and strong wind to hit some areas. Sunny weather will dominate in southern ...
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Expo-2017

Kazakhstan’s open investment policy, EXPO, attract foreign investors to do business
    Kazakhstan’s efforts to draw foreign investors has marked the country as the “foreign investors’ haven” in Central Asia. For U.K.-based Aggreko, a supplier of temporary power ...
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Ukraine announces Expo pavilion programme
    Ukraine will present the best achievements in the field of energy efficiency at the EXPO in Astana. Visitors will also be able to learn about Ukrainian ...
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Teatro alla Scala to perform in Astana during EXPO 2017
    Soloists, the chorus and symphony orchestra of the legendary Milanese Teatro alla Scala will perform in September at the Astana Opera House, according to the opera’s ...
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Kazakhstan officially confirms its participation in Dubai EXPO 2020
    Ambassador of Kazakhstan Kairat Lama Sharif met in Dubai with Chairman of the Supreme Committee of the Dubai EXPO 2020 Ahmed bin Saeed Al Maktoum.
    At ...
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Oil and Gas Sector

$-0.06 EPS expected for Condor Petroleum
    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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Blue Water Shipping adds fourth TCO contract
    A consortium led by Blue Water Shipping (BWS) has been awarded an additional contract by Tengizchevroil (TCO) for a project in Kazakhstan.
    The latest contract follows the ...
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Wood Group inks Kazakhstan agreement
    Wood Group has secured a new framework agreement to provide study engineering for North Caspian Operating Company's (NCOC) offshore and onshore asset portfolio in Kazakhstan.
    The contract ...
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KMG EP 1Q2017 posted in-line financial results
    KMG EP 1Q2017 posted in-line financial results
    On April 27, KMG EP has published financial results for 1Q2017, which, compared to the same period last year, showed ...
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Shell: new Brent benchmark should include Russian crude
    Royal Dutch Shell, the world’s largest oil trader, said the time has come to debate using Russian crude to help determine the global Brent benchmark, in ...
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OPEC reaches consensus to extend output cut agreement
    Iraq's Oil Minister Jabbar al-Luaibi advises that OPEC countries have arrived at a consensus and are set to extend the agreement to freeze production levels, Kommersant ...
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Urals CIF Rotterdam crude oil grade at premium to Urals CIF Augusta for 1st time in over 2 years
    Urals CIF Rotterdam established a premium over Urals CIF Augusta after Monday’s assessment as a change to fundamentals of the crude loading out of the Baltics ...
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Oil prices rise on falling US crude stocks, Saudi supply cut to Asia
    Oil prices rose today, and Brent was firmly back over US$50 (RM217.35) per barrel, as a fall in US crude inventories and a more severe than ...
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Iran to lodge complaint against Turkmenistan over gas supply halt: official
    Iran has prepared the required documents to file a lawsuit in the International Court of Arbitration against Turkmenistan for its failure to supply gas to the ...
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Europe a global gas price signal, but US influence set to rise
    European natural gas hubs are currently providing the “marginal price signal for the global market”, but the US Henry Hub is likely to become increasingly influential ...
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Energy Industry

Kazatomprom’s solar manufacturing units to be privatised
    Kazakhstan’s state-owned national atomic energy company announced its three solar manufacturing subsidiaries will be auctioned to the highest bidder in the frame of its privatisation plan.
    The ...
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Finance and Investment

NB updates Kazakhstan export figures in Q1
    In 2017 Q1, exports of goods increased by 30% on-year to make $ 11 billion, Kazpravda.kz reports with reference to the National Bank’s press service.
    This ...
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IMF Executive Board concludes 2017 Article IV consultation with the Republic of Kazakhstan
    On April 28, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with the Republic of Kazakhstan.
    After a slowdown ...
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Development Bank of Kazakhstan: Fixed Income Analysis
    The Development Bank of Kazakhstan (hereinafter - the Bank) is a national development institution founded in 2001. The Bank is not a second-tier bank and has ...
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EBRD allocates KZT 2bn for new trams in Pavlodar
    The purchase of 20 Belarusian trams, which will appear in Pavlodar streets in July, cost almost 2 billion tenge. This was reported to the Astana TV ...
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Metals and Minerals

Kaz Minerals PLC rated as Outperform
    According to an update released by analysts at Macquarie Research the broker has now set a ‘Outperform’ rating on shares of Kaz Minerals PLC (LON:KAZ) with ...
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New analyst ratings for Central Asia Metals
    A number of investment brokers have recently updated their price targets on shares of Central Asia Metals (LON:CAML).
    According to the latest broker reports outstanding on Monday ...
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Copper vulnerable, signs of weak China demand weigh
    Copper prices steadied on Wednesday near the four-month lows hit earlier this week as the market fretted about weak demand in top consumer China after data ...
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Steel companies roll over prices
    Steel companies have rolled over prices this month, in spite of a cost push, primarily due to a weak demand.
    A producer said the demand was too ...
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Gold eases, holds above 8-week low as Trump dents risk appetite
    Gold turned lower but held above the previous day's eight-week low on Wednesday as U.S. President Trump's abrupt firing of FBI chief James Comey weighed on ...
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Cameco: 1Q2017 results overview
    In 1Q2017, Cameco’s revenue decreased by 4% yoy, mainly due to a decrease in the price of uranium sales by 18% yoy to $34.43/ lbs. Despite ...
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Uranium prices: spot market remains quiet, but nuclear power interest continues to grow
    According to TradeTech, the spot uranium market remains quiet, with only four transactions taking place last week for a total sale of 500,000 lbs. U3O8 equivalent. ...
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Trade and Consumer Goods

Grasping career opportunities under Belt and Road Initiative
    As the Belt and Road connects countries and people, China is becoming a destination of choice for the young and ambitious.
    Since graduating from Renmin University of ...
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Kazakhstan. planting of cereals lags far behind last year due to the late arrival of spring
    This year’s late oncoming of spring in Kazakhstan somewhat delayed seasonal field work. In addition, planting was postponed in some regions because of abundant precipitation and ...
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EBRD finances irrigation in 3 regions of Kazakhstan
    The EBRD is joining a strategic programme to significantly upgrade irrigation systems in Kazakhstan with a US$ 180 million financing package. Loan agreements were signed during ...
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Futures: sugar soars, amid modest ideas of world surplus
    The theme of "calm before the storm", which Agrimoney.com applied to grain markets early on, found its way into soft commodities thinking too.
    In the sugar market, ...
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Corn, wheat prices gain as US data spur ideas of market 'paradigm shift'
    Corn and wheat futures recovered from early losses as a much-watched US report forecast an end to the build in world grain supplies, although soybeans struggled ...
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Communications and Transportation

Creepy Soviet space shuttles are sitting in a Kazakhstan desert
    Tucked into a lonely hangar at Baikonur Cosmodrome on the Kazakh steppe, two Soviet-era space shuttles are quietly gathering dust, bird poop, and rust. They’re also ...
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Kazakh transit trade, traffic: speedier, more economical
    The newly constructed railroads made cargo transportation through Kazakhstan three times faster. At a meeting in Beijing, dedicated to Kazakhstan's transit potential, diplomats and businessmen noted ...
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Kazakhstan’s legislators pass $240-mln loan deal with ADB for Aktobe–Makat road reconstruction
    The Mazhilis, the lower house of Kazakhstan's bicameral parliament, has ratified the loan agreement between Kazakhstan and the Asian Development Bank for CAREC Corridors 1 and ...
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Kazakhstan, Russia to cooperate in aeronautical search and rescue
    Mazhilis, the lower house of Kazakhstan's bicameral parliament, has ratified on Wednesday the inter-governmental agreement between Kazakhstan and Russia on cooperation in the field of aeronautical ...
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Regional News

Heart of Eurasia: a closer look at the key region of China's New Silk Road
    The Xinjiang Uyghur Autonomous Region, China’s largest administrative division, is located in the middle of the Eurasian continent, spanning over 1.6 million square kilometers. Historically, the ...
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China's listed private firms bet big on Belt and Road
    As China's State-owned enterprises actively seek opportunities from the Belt and Road Initiative, private companies are also accelerating their "going out" strategy, especially some listed companies ...
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China's CPI up 1.2%, PPI up 6.4% in April
    China's consumer price index, a main gauge of inflation, rose 1.2 percent year on year in April, official data showed on Wednesday.
    The growth quickened from ...
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Significant part of jewelry imported to Kyrgyzstan
    Most of the jewelries are imported to Kyrgyzstan, according to the Deputy Finance Minister, Tazabek reported.
    "First, the imported jewelry must pass the approbation of the Department ...
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Net profit of Kyrgyz banks grew 8% in 2016: Central Bank
    Combined net profit of Kyrgyzstan’s commercial banks over the year 2016 grew by 8% to 29,700,000,000 som ($439 million), the National Bank of Kyrgyzstan said in ...
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Uzbekistan launches ambitious reform of higher education sector
    Uzbekistan is working to reform higher education, responding to perceived deficiencies in quality of instruction and in educational opportunity.
    Its plans include having 18% more college ...
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US to beef up military presence in Afghanistan
    Washington intends to dispatch an additional military contingent to Afghanistan, Izvestia writes citing high-ranking sources in US, Afghan and Russian diplomatic circles. Russian Presidential Envoy for ...
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Tajikistan under attack from Taliban and Daesh forces
    Terrorist forces are now on the threshold of Tajikistan, threatening the country’s vital infrastructure and territorial control.
    In Afghanistan, where fighting now takes place on three fronts: ...
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Prices and Statistics

Commodities
    

Date: May 11, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 47.96 +0.63 +1.33% Jun 2017 4:29 AM
USD/bbl. 50.83 +0.61 +1.21% Jul 2017 4:30 AM
USd/gal. 155.97 +2.01 +1.31% Jun 2017 4:29 AM
USD/MMBtu 3.28 -0.01 -0.24% Jun 2017 4:29 AM
USd/gal. 149.30 +1.76 +1.19% Jun 2017 4:29 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,221.50 +2.60 +0.21% Jun 2017 4:29 AM
USD/t oz. 1,221.64 +2.54 +0.21% N/A 4:39 AM
USD/t oz. 16.29 +0.08 +0.51% Jul 2017 4:28 AM
USd/lb. 253.95 +4.50 +1.80% Jul 2017 4:29 AM
USD/t oz. 918.59 +7.30 +0.80% N/A 4:39 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 373.00 -0.75 -0.20% Jul 2017 4:29 AM
USd/bu. 433.25 +1.50 +0.35% Jul 2017 4:29 AM
USD/MT 1,954.00 -6.00 -0.31% Jul 2017 5/10/2017
USd/lb. 76.39 -0.10 -0.13% Jul 2017 4:30 AM
USd/lb. 120.40 -0.25 -0.21% Aug 2017 5/10/2017
 

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Exchange Rates
    

Date: May 11, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 318.43 1 CHF

KZT 316.25

1 CNY

KZT 46.13

1 TRY KZT 88.41 1 JPY KZT 2.8
1 EUR

KZT 346.04

1 AUD

KZT 234.62

1 KGS KZT 4.7 100 UZS KZT 8.54 1 BYN KZT 169.11
1 GBP KZT 412.43 1 CAD KZT 232.36 1 RUB KZT 5.49 100 KRW KZT 28.07 1 UAH KZT 12.04

 

 

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