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News: Friday, May 12, 2017 -- Issue 2735 http://www.newsline.kz/rss/

Article of the Day

Kazakhstan will sell stakes in KazMunaiGas, Kazatomprom, Air Astana
    Kazakhstan will privatise national airline Air Astana, oil and gas company KazMunayGas and nuclear energy company Kazatomprom later than 2020, said Wednesday the Kazakh Minister of Finance Bakhyt Sultanov said on Wednesday.
    Stakes in the three companies will be sold through initial public listing operations, Bakhyt Sultanov said at the annual meeting of the European Bank for Reconstruction and Development (EBRD), writes Agerpres.
    Kazakhstan, the largest economy in Central Asia, has sold over 120 small and medium enterprises in the privatisation process and began preparations to remove the sale of larger companies.
    JSC NC KazMunayGas is the national oil and gas of Kazakhstan with exploration, production, refining and transportation of hydrocarbons in Kazakhstan, which represents the state interests in oil and gas, is a vertically integrated company with full cycle of upstream , transport and processing by providing specialised services in the industry. KazMunayGas is the majority shareholder of KMG International.
    KMG International NV owns and operates major refinery, petrochemical, retail and trading on multiple international markets. Retail network includes over 1,100 food outlets stations in Romania, Georgia, Bulgaria and Moldova. Group with operations upstream, industrial services and the probe.
    Kazakhstan KazMunayGas National Company (NC KMG) and CEFC signed in December 2016 in Bucharest an agreement stating their commitment to carry out the transaction for the purchase of 51% stake in the Chinese company KMGI. By completion this year of the acquisition process of 51% of KMGI after obtaining all necessary approvals of the transaction, CEFC will contribute significantly to accelerating the development of the company, both locally and regionally.
    Reported by KazWorld.

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Kazakhstan General

Kazakhs voice concern over religious knowledge of country's imams
    Kazakh leaders and members of the public are voicing their concern over the religious knowledge of the country's clerics who grew up under the enforced atheism ...
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Rains and thunderstorms expected in Astana
    In the month of May, the average air temperature in Astana is expected to be + 15 C, which is 1 C above the ...
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Expo-2017

EXPO-2017: Cirque Du Soleil tickets go on sale
    Tickets for Cirque du Soleil shows in the framework of EXPO-2017 go on sale to the public.
    Cirque du Soleil is the largest theatrical producer in the ...
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Germany presents its pavilion in Expo 2017, Astana
    The German pavilion in Expo 2017 International Specialized Exhibition has been presented in Astana, Kazinform reports.
    The public presentation ceremony was attended by Rolf Mafael, Ambassador of ...
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Oil and Gas Sector

Kazakhstan strives for increase in oil sales
    Kazakh oil fields are increasing oil production. According to the head of the national oil&gas operator Kazmunaigas Sauat Mynbayev, Tengiz oil deposit can increase production to ...
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Kazakhstan resumes oil transportation via BTC pipeline
    Kazakhstan has resumed the transportation of oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline, Azerbaijan's Energy Ministry reports.
    According to the ministry, 90,000 tons of Kazakh oil was exported ...
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Kazakhstan returns to oil output growth mid global stabilisation: OPEC
    The OPEC Reference Basket rose 2.0% in April to average $51.34/b. Crude oil futures recovered on the high conformity by OPEC and non-OPEC with voluntary production ...
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Blue Water Shipping secures new contract in Kazakhstan
    In 2016, Blue Water Shipping announced the signing of three contracts in connection with the Tengizchevroil (TCO) Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP). For these ...
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Fatal accident occurs in Mangystau region
    A traffic accident happened on the road to Ozenmunaigas Company's Oil and Gas Production Division No.1 at about 11:00am on May 11, reports Lada.kz.
    Toyota Hilux tore ...
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Romania's OMV Petrom Q1 net profit doubles on higher sales
    Romania's top oil and gas group, Kazakh-owned OMV Petrom said on Thursday it posted a 618 million lei ($148 million/136 million euro) net profit in the ...
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Non-OPEC Turkmenistan may join oil production cuts
    Turkmenistana small non-OPEC oil producer on the Caspian Sea and bordering Iran and Kazakhstanmay join the NOPEC group of nations part of the OPEC-led production cut ...
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Oil marks 2nd-best settlement of the month
    Oil prices on Thursday marked their second-highest settlement of the month with traders encouraged by a bigger-than-expected decline in weekly U.S. crude inventories.
    However, concerns lingered ...
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EU Commission decreases Brent oil price forecast to $55.5 per barrel in 2017
    The European Commission revised its forecast of the Brent oil price saying that a barrel would cost $55.5 this year instead of the earlier predicted $56.4, ...
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Can oil prices keep climbing?
    Exchange-traded funds linked to oil prices, continued to climb today as crude prices remained on track to end the week in the green amid data showing ...
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Dutch TTF natural gas hub now the 'Henry Hub for Europe': Flame panel
    The Dutch TTF natural gas hub has now become the European benchmark for longer-term contracts, with its dominance over other European hubs only expected to increase ...
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Energy Industry

Chinas Sany Group explores Kazakhstan potential
    Chinese group Sany plans to invest in the development of wind energy in Kazakhstan, according to recent statements by the company's vice president.
    Sany, together with the ...
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Finance and Investment

EAEU member states urged to harmonise tax legislation
    There is a need to harmonise Belarus' tax legislation with the laws of the EAEU members states, Chairman of the Business Promotion Council Piotr Prokopovich said ...
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Kazakh current account deficit decreased in 1Q2017
    On May 10, the National Bank published a preliminary data on the balance of payments for the 1st quarter of 2017. In this period, the current ...
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Kazakh banking sector observes decrease in profit
    Kazakhstan's banking sector observes decrease in profit. One bank only earned more than 42% of all the second-tier banks' income, Kazinform learnt from ranking.kz.
    In January-March ...
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Fitch forecasts Kazakh insurance market growth at double-digit rates
    Kazakh insurance market is forecast to grow at double-digit rates in 2017-2021, given the recovering Kazakh economy and the current low levels of insurance penetration, the ...
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Moody's: Kazakhstan's Baa3 rating balances low debt burden against credit challenges
    Kazakhstan's Baa3 rating with a negative outlook is supported by its relatively large economy, low public debt burden and substantial fiscal reserves, Moody's Investors Service said ...
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EBRD gave positive forecast to Kazakhstan's economy
    The European Bank for Reconstruction and Development (EBRD) published a forecast for economic growth in Kazakhstan for 2018, Kazpravda.kz reports.
    According to this forecast, GDP growth will ...
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KASE day session: USDKZT_TOD = 315.97
    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 ...
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Metals and Minerals

KAZ Minerals PLC given Sell rating at Liberum Capital
    KAZ Minerals PLC (LON:KAZ)s stock had its sell rating reissued by stock analysts at Liberum Capital in a research report issued to clients and investors on ...
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Copper touches one-week high on short-covering, focus on China
    Copper prices rose on Thursday as funds cut bearish bets, but the sustainability of gains will depend on industrial activity and investment data from top consumer ...
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Gold steady on US political uncertainty; but heads for 4th weekly loss
    Gold prices held firm on Friday on political uncertainty in the United States, but were set for their fourth straight weekly loss due to expectations of ...
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China: PPI cools again as iron, coal slide; CPI rises
    Producer price inflation cooled for a second straight month in China during April as iron ore and coal prices tumbled further, pressured by fears that domestic ...
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Manufacturing industry

Foreign investments in Kazakh industry take shape in joint ventures
    The number of joint ventures and enterprises with foreign capital is growing in Kazakhstan. One of such enterprises is Atyrau concrete plant with the output of ...
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Swiss chemical company Sika announces investment in larger production site in Kazakhstan
    Sika has relocated its concrete admixture and mortar production in Almaty to a larger site in the 1.7-million-population city.
    Aside from the booming Kazakh market, the new ...
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Trade and Consumer Goods

India courts Eurasian Economic Union
    India is set to tap the business opportunities in the expanding Eurasian market by formalizing a free trade agreement with the Eurasian Economic Union (EAEU) in ...
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Locusts invade Zhambyl region hayfields
    An early locust invasion is recorded on the Zhambyl regions pastureland, Kazpravda.kz reports citing astanatv.kz.
    "For weeks, insects have been plaguing the Bayzak regions dwellers, who say ...
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EBRD lends Kazakhstan $180 million to upgrade irrigation systems
    The EBRD is joining a strategic programme to significantly upgrade irrigation systems in Kazakhstan with a US$ 180 million financing package. Loan agreements were signed during ...
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Food Empire's Q1 net profit up 58.8%
    Food Empire Holdings posted a net profit of US$6.31 million for its first quarter ended March 31, 2017, up 58.8 per cent from a year ago.
    Revenue ...
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Agro-futures improved as US weather hurts corn while cotton jumps
    If the trade debate earlier on had centred on corn, and whether key estimates released by the US Department of Agriculture were "bullish" or not, it ...
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Communications and Transportation

China aims to triple rail freight with Europe by 2020
    China aims to nearly triple rail freight shipments to and from Europe by 2020, an international logistics executive here told The Nikkei, making the transport link ...
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Radar station production plant starts operation in Kazakhstan
    The Granit-Thales Electronics plant, a joint Kazakh-French venture, has started production of the new generation Ground Master 400 radar equipment in Kazakhstan. The project is being ...
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Culture and Society

Stray cats and dogs in Astana will no longer be shot
    The Astana administration made changes to the rules for catching and destroying stray dogs and cats, Elorda.info reports.
    Under the term "stray animals", the new Rules mean ...
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Astana to boost artistic activity in summer
    The capital of Kazakhstan will be center of attraction of contemporary art this summer. Artists, architects, designers and actors from all over the world will flow ...
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Tourism

Tourist flow to Turkestan, Taraz reaches 1,5 mln annually
    Up to 1,5 million tourists visit Turkestan and Taraz annually, Minister of Culture and Sports of Kazakhstan Arystanbek Mukhamediuly revealed at a press conference at the ...
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Sports

Wrestler from Atyrau becomes champion of Asia
    Atyrau wrestler Maksat Erezhepov won gold at the Asian championship in Greco-Roman wrestling in Indian New Delhi, Kazpravda.kz reports citing Moi GOROD portal.
    The wrestler performed in ...
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Stars of Canadian hockey coming to Astana
    On May 21, the Ice Hockey Palace "Barys Arena" is hosting the Canadian Hockey Day, Kazpravda.kz reports.
    The event is part of the official celebration of the ...
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Regional News

'Ice age' looms for China's outbound investment - study
    China saw a rapid acceleration of outbound direct investment in services and industrial deals in 2016, a study showed in Thursday, but an investment "ice age" ...
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IMF: Russian economy on road to recovery amid firming oil prices
    Russia is seeing a recovery in private consumption along with an uptick in manufacturing, at the same time, credit growth is picking up, according to the ...
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Russia developing new light helicopter in cooperation with Europe
    Russia is developing a new multi-purpose light helicopter with the participation of leading European companies, the press office of Russian Helicopters Group (part of state hi-tech ...
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EBRD, EU and EIB invest US$ 30 million in water upgrades in the Kyrgyz Republic
    Under its framework to support water and wastewater modernisation in the Kyrgyz Republic, the European Bank for Reconstruction and Development (EBRD) is providing financing for projects ...
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Revenue of Beeline in Uzbekistan falls by 7% in 1Q 2017
    Revenue of Beeline in Uzbekistan fell by 7% year-on-year in the first quarter of 2017 to US$153 million, VEON said in its statement.
    The revenue ...
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Uzbekistan, China to sign documents for US$20bn
    Uzbekistan and China are planning to sign contracts worth US$20 billion within the framework of the state visit of President of Uzbekistan Shavkat Mirziyoyev to China, ...
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Tajikistan's Rahmon orders to mobilise resources for timely construction of Rogun HPP
    President of Tajikistan Emomali Rahmon during his working trip to construction site of Rogun hydropower plant ordered to mobilise resources for timely construction of Rogun HPP, ...
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Taliban presence at Tajik border alarms Dushanbe
    Tajik observers are concerned about border security after the Taliban captured territory in two neighbouring Afghan provinces.
    The deteriorating security situation in the Afghan provinces of Badakhshan ...
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Taliban likely to gain ground in Afghanistan this year: US intelligence official
    The Taliban is likely to gain ground in Afghanistan this year and the security situation will deteriorate in the country in 2018, a top US intelligence ...
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Daesh key commander in Eastern Afghanistan surrenders to authorities
    key commander of the Islamic State (ISIL or Daesh) terrorist group, outlawed in many countries, including Russia, surrounded to Afghan authorities in eastern Nangarhar province, local ...
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Prices and Statistics

Commodities
    

Date: May 12, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 47.88 +0.05 +0.10% Jun 2017 12:51 AM
USD/bbl. 50.79 +0.02 +0.04% Jul 2017 12:50 AM
USd/gal. 156.38 +0.16 +0.10% Jun 2017 12:48 AM
USD/MMBtu 3.36 -0.02 -0.47% Jun 2017 12:50 AM
USd/gal. 149.22 +0.23 +0.15% Jun 2017 12:47 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,226.60 +2.40 +0.20% Jun 2017 12:51 AM
USD/t oz. 1,226.85 +1.81 +0.15% N/A 1:01 AM
USD/t oz. 16.39 +0.13 +0.77% Jul 2017 12:51 AM
USd/lb. 251.10 +0.30 +0.12% Jul 2017 12:51 AM
USD/t oz. 920.73 +2.33 +0.25% N/A 1:01 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 368.75 -0.50 -0.14% Jul 2017 12:50 AM
USd/bu. 434.75 +1.00 +0.23% Jul 2017 12:36 AM
USD/MT 1,952.00 -2.00 -0.10% Jul 2017 5/11/2017
USd/lb. 79.70 +0.52 +0.66% Jul 2017 12:51 AM
USd/lb. 119.68 -0.72 -0.60% Aug 2017 5/11/2017
 

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Exchange Rates
    

Date: May 12, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 316.25 1 CHF

KZT 313.68

1 CNY

KZT 45.82

1 TRY KZT 88.36 1 JPY KZT 2.77
1 EUR

KZT 343.76

1 AUD

KZT 233.08

1 KGS KZT 4.67 100 UZS KZT 8.4 1 BYN KZT 169.16
1 GBP KZT 408.56 1 CAD KZT 231.11 1 RUB KZT 5.54 100 KRW KZT 28.04 1 UAH KZT 11.97

 

 

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