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News: Tuesday, May 16, 2017 -- Issue 2737 http://www.newsline.kz/rss/

Article of the Day

Nazarbayev, Xi ready to enhance strategic ties
    China is ready to strengthen strategic coordination and deepen mutually beneficial cooperation with Kazakhstan, President of China Xi Jinping said May 14 at the meeting with his Kazakh counterpart Nursultan Nazarbayev, who is in Beijing for the Belt and Road Forum for International Cooperation.
    Noting this year marks the 25th anniversary of the establishment of diplomatic ties between China and Kazakhstan, Xi said China is willing to work with its neighbor in pushing their comprehensive strategic partnership to a higher level and broader domain, Xinhua reported. He called on the two sides to strengthen law enforcement cooperation and crack down on the forces of separatism, terrorism and extremism.
    China supports Kazakhstan in playing a bigger role in affairs related to international peace and security, and is willing to deepen cooperation under the frameworks of the United Nations, the Shanghai Cooperation Organization (SCO) and the Conference on Interaction and Confidence-Building Measures in Asia, Xi said.
    Nazarbayev, for his part, said Kazakhstan firmly supports the Belt and Road Initiative, and will actively align it with the nation's Bright Road initiative.
    "More than 60 countries, i.e. 45% of the world's population, are covered by this belt. Bilateral and multilateral cooperation between Kazakhstan and China has become exemplary, and other countries can learn from us," Nazarbayev said.
    Kazakhstan is willing to deepen cooperation with China in such areas as trade, agriculture, mining industry, railway, and technology, he said, adding that it wants to closely cooperate with China on international and regional security and development issues, and boost the development of the SCO.
    The President of Kazakhstan noted the positive dynamics in the evolution of the relationship between the two states and expressed confidence in their further strengthening on the higher level.
    In addition, the parties discussed ensuring regional and cyber security.
    Xi Jinping thanked Nursultan Nazarbayev for Kazakhstan's contribution to the Syrian conflict settlement.
    Xi also confirmed his readiness to pay official visit to Kazakhstan and attend SCO summit and the opening of EXPO-2017 trade show.
    The two leaders have also discussed a number of issues of bilateral cooperation.
    Chinese President Xi Jinping has highly appreciated the role of Kazakhstan in developing the Eurasian transit transportation potential during a panel session United Interaction for Interrelated Cooperation as part of the One Belt, One Road Forum, Kazinform special correspondent in China reports.
    "Kazakhstan pays great attention and plays an active stimulating role in infrastructure construction development, being actively involved in shaping cross-border transport and logistics system", the Chinese leader said commenting on the speech of Kazakh President Nursultan Nazarbayev.
    Xi Jinping has expressed the hope that with Kazakhstan's active support the level of Eurasian infrastructure interconnectivity will steadily rise paving the way to entire realisation of New Eurasian Continental Bridge's logistic and transport potential.
    Recall that Nursultan Nazarbayev is currently on a two-day visit to China to participate in the Belt and Road Forum for International Cooperation themed "One Belt, One Road: cooperation for the sake of common prosperity. It is attended by leaders of 29 countries and heads of 3 international organisations, including the UN, the World Bank and the International Monetary Fund.
    Reported by AKIpress, Kazinform.

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Kazakhstan General

Situation on CIS external borders to be mulled in Almaty
    On May 18, the 77th meeting of the CIS Border Troops Commanders’ Council will be held in Almaty, Kazpravda.kz reports with reference to the press service ...
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University alliance in Asia aims to boost regional ties and global influence
    Fifteen universities across Asia have formed a consortium in order to capitalise on the region’s economic power to facilitate intra-Asian mobility and enhance academic and research ...
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Kazakhstan wakes up to windy Tuesday
    Unsteady weather will persist in most regions of Kazakhstan today. Occasional rains are expected in some parts of the country. Rainfall, fog and stiff wind are ...
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Expo-2017

EXPO 2017 brings together top energy experts for Future Energy Forum
    Twelve thematic conferences will be held in summer during the EXPO Astana 2017 Future Energy Forum. They will become a global venue for discussion of ÑÎ2 ...
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Finland to showcase best practices in education at EXPO 2017
    One of the world leaders in terms of education - Finland - will showcase its best practices in education at its pavilion at the upcoming International ...
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Students’ ideas enrich Expo spirit
    The main theme of Astana EXPO 2017 is “Future Energy”. The topic inspires many young inventors to create new innovative projects. Two Almaty students have invented ...
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Italy presents its Expo pavilion
    Italy has presented its national expo pavilion. The visitors will able to take a tour to 40 Italian cities. This will allow the visitors to see ...
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Oil and Gas Sector

Russia, OPEC clinch supply cap deal, Kazakhstan shows reservations
    Oil jumped more than 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said ...
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7.3mln tonnes of oil produced at Tengiz in Q1 2017
    Oil output at the Tengiz deposit in the first quarter of 2017 made 7.3mln tonnes, Kazinform reports.
    "In the first quarter of 2017, the volume of ...
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Kashagan project operator servers hacked into
    Computers in 74 countries of the world underwent a massive hacker attack on May 12. Among them is the server of the NCOC company - operator ...
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Caspian Sunrise loss balloons in 2016 as drilling progresses
    Caspian Sunrise PLC ( formerly Roxi Petroleum PLC) on Monday said its loss swelled in 2016 after reporting higher costs and because the company did not ...
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Tethys Petroleum announces 2017 Q1 results
    Tethys Petroleum Limited (TSX:TPL) („Tethys” or „the Company”) today announced its Results for the quarter ended March 31, 2017.
    (all figures reported in USD unless stated otherwise. ...
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Unaoil fallout: SFO confirms investigation of Petrofac
    London-based Petrofac is under investigation for suspected bribery, corruption and money laundering, the UK Serious Fraud Office said Friday.
    The probe is “related to the ongoing investigation ...
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Russian oil companies agree to extend deal on oil production cut — energy minister
    All Russian oil companies share the position of the Russian Ministry of Energy to extend the agreement on reducing oil production for another 9 months, Energy ...
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Russia's Finance Ministry presents its crude export duty forecast
    Crude export duty will be slashed by $4 to $80 per tonne starting June 1, 2017, according to the documents released by Russia’s Finance Ministry on ...
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Priorities of transition of Kazakhstan’s economy to low carbon development
    A new climate treaty for the countries participating in the process, including for the Republic of Kazakhstan, is a universal strategy in addressing issues in the ...
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Oil prices build on gains on expectation of extended crude supply cut
    Oil prices rose on Tuesday, extending gains after a joint announcement by top producers Saudi Arabia and Russia to push for an extension of supply cuts ...
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Russian gas exports going both east and west now, Alexei Miller denies market dominance
    Gazprom is aiming to settle the main terms of natural gas exports to China from Russia’s far east, it has been claimed.
    CEO of the Russian state ...
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SGC, Turkish Stream to up Caspian region's significance for Europe
    The Turkish Stream will complement the Southern Gas Corridor (SGC) and further increase the significance of the Caspian region for Europe, Peter Tase, a political analyst ...
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Changing geopolitics of natural gas in Black Sea region – analysis
    Russian dominance over natural gas deliveries into Europe has been weakening, thanks in large part to the new ways in which natural gas can be transported ...
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Finance and Investment

Kazakhstan Country Report Apr17
    The commodity-dependent Kazakh economy is experiencing one of its toughest years in over a decade as a result of low oil and other commodity prices together ...
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Blockchain conference to take place in the country of new Fintech opportunities – Kazakhstan
    The capital of Kazakhstan will host Blockchain Conference Astana on June 14 – 15, 2017. The conference organizers have chosen Astana to be the conference location ...
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Astana IFC, Jumore to cooperate
    The Astana International Financial Centre (AIFC) and Zhejiang Jumore E-commerce Co. Ltd. have signed Memorandum of Understanding, Kazinform special correspondent reports.
    The signatories have agreed to collaborate ...
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KASE day session: USDKZT_TOD = 313.27
    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 ...
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Metals and Minerals

Energy minister briefs Parliament on nuke progress
    Energy Minister Kanat Bozumbayev told the government hour in Parliament that the International Low Enriched Uranium Bank (LEU) of the IAEA opens in Kazakhstan in August ...
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Masalsky iron ore field plant to employ 7,000 people
    The mining and smelting enterprise based in Masalsky field in the Akmola region, which has yet to be constructed, will create 7,000 new jobs, Kazinform’s special ...
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Kazakhstan influences world uranium price increase
    The reduction of uranium mining in Kazakhstan facilitated price increase for the metal, the country’s Energy Minister Kanat Bozumbayev said at a government hour in Majilis.
    “Today, ...
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Jefferies International maintains Kaz Minerals PLC (LON:KAZ) target price at 500.00GBX
    Boasting a price of 457.95GBX, Kaz Minerals PLC (LON:KAZ) traded 3.40% higher on the day. With the last stock price close up 6.45% from the two ...
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Centerra Gold 1Q2017 operational results
    According to 1Q2017 operational results, Centerra Gold increased its gold production by 47% yoy, reaching figure of 173 koz of gold.
    During the 1Q2017, the Company has ...
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London copper edges up on dollar; China data disappoint
    London Metal Exchange copper edged higher on Monday as the dollar dropped, but gains were dampened by evidence that China's economy encountered a soft patch in ...
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Zinc miners leverage scarcity to flex muscles over smelters
    If there were any doubt that the zinc supply chain is tightening, it should be dispelled by this year's benchmark smelter treatment charge.
    The treatment charge is ...
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Gold edges up as dollar eases on weak U.S. data
    Gold prices inched higher early on Tuesday, with the dollar easing after weak U.S. manufacturing data dented expectations of an aggressive string of interest rate hikes ...
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Coaltrans: Asia prices to head south in H2 2017 on supply overhang, weak demand - Noble
    Asia seaborne thermal coal prices are likely to continue to trek south in the second half of this year, as the market works through a supply ...
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Uranium week: too many sellers
    Utility interest emerged in the uranium spot market last week but was unable to satisfy all sellers, leading to a -5% price fall.
    A cheer wet around ...
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Trade and Consumer Goods

Kazakhstan: sunoil production recovering this year
    Kazakh crushers produced 29 KMT of unrefined sunoil in Q1 2017 that is up 1.1% year-on-year. At the same time, output of refined sunoil decreased 3.2% ...
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Kazakhstan planted spring spiked grains throughout over 465 thsd ha
    As of May 10, Kazakhstan planted spring spiked grains throughout the areas of 465.3 thsd ha, down three times compared with the figures on the same ...
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Kazakhstan exported 8.7 thsd tonnes of rice in Q1
    In January-March period of 2017, Kazakhstan exported 8.7 thsd tonnes of rice at the sum of 2.4 mln USD, declared the State Revenue Committee at the ...
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San Mir Astana company grows organic apples under Agrobusiness – 2020 programme
    Astana-based private company San Mir Astana grows organic apples as part of the Agrobusiness – 2020 programme to develop the agro-industrial complex in the country.
    Initiated by ...
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Nazarbayev: need for agricultural cooperation along Belt and Road route
    Kazakhstan’s President Nursultan Nazarbayev noted the need for the development of agricultural cooperation within the framework of the One Belt, One Road initiative.
    “It is important to ...
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Corn, sugar miss out on hedge fund short-closing
    Corn missed out on a rash of short-covering by hedge funds in grains, raising ideas that it might attract some buying ahead, amid ideas that sugar ...
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Futures: cotton extends rally as wheat contracts tumble
    It was sure better to be a bull in cotton than wheat to start the week.
    OK, New York cotton - which for July traded at 87.18 ...
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In January-March, Kazakhstan increased mutual trade with the EAEU countries
    In January-March of 2017, the mutual trade of Kazakhstan with countries of the Eurasian Economic Union (EAEU) totaled 3.747 bln USD, an increase of 40.5% compared ...
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Communications and Transportation

Kamaz truck manufacturer returns to Kazakhstan
    Russia’s Kamaz truck manufacturer sent 544 vehicles and assembly kits to the Commonwealth of Independent States (CIS) in the first quarter of 2017, which is a ...
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Seaport transfers over KZT2.3bn to Kazakhstan’s budget since Jan 2017
    For the first 4 months of 2017 the Seaport customs point has transferred KZT2,323 million to the national budget in payments and taxes, Kazinform reports.
    In fact, ...
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Container train from London to Yiwu makes first trip through Kazakhstan
    The first container train from London to Yiwu passed through the territory of Kazakhstan, according to the press service of Kazakhstan Temir Zholy National Company.
    The train ...
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Culture and Society

Exhibition of Kazakh historic figures to open in Astana
    Kazakh artist Serikzhan Yskakbekov has revealed the prowess of the Kazakh heroes and the beauty of infinite steppes in his works. His personal art exhibition is ...
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Regional News

Xi: China to host 2nd Belt and Road forum in 2019
    Chinese President Xi Jinping said Monday that implementation of the Belt and Road Initiative is in full swing.
    Xi made the remarks when meeting with reporters ...
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China's retail sales up 10.7% in April
    China's retail sales, a key indicator of consumption, grew 10.7 percent year on year in April, 0.2 percentage points slower than the March level, official data ...
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China able to maintain balance while reducing risk, premier tells IMF chief
    China is capable of maintaining financial stability and will strike a proper balance-reducing leverage rates while sustaining economic growth-and the government's top priority will be preventing ...
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Russia-China trade to hit $80bn by 2018
    Trade between China and Russia is growing and will reach $80 billion by the end of the year, Chinese Commerce Ministry spokesman Shen Danyang told TASS ...
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Looking into the future: what's behind Russia's economic security strategy
    Russia's new economic security strategy until 2030 will be fleshed out, taking into account major shifts in the global economic architecture and future risks assessment, economist ...
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On-year inflation in Russia expected to decrease to 4% in May - Minister
    The annualised inflation rate in Russia is expected to fall to 4 percent in May, two months sooner than the target set by the Russian Economic ...
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Justice Ministry proposes to allow foreigners with residence permits to buy houses in Kyrgyzstan
    The Kyrgyz Justice Ministry is proposing to legally allow the foreigners with residence permits to buy houses in Kyrgyzstan.
    The Ministry has come up with the draft ...
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Bishkek to host international finance forum in June
    Bishkek will host the International Finance Forum (BIFF-2017) on June 2, Tazabek reported May 15.
    The forum will discuss questions in the field of finance and credits, ...
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Made in Uzbekistan brand wows Tajikistan
    When a delegation of traders from Uzbekistan recently came to show off their wares in Tajikistan, it caused a minor sensation.
    The fair held in Dushanbe was ...
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An 84-year-old Tajik pensioner threatens to commit suicide if Tajprombank does not pay out her savings
    Mrs. Roza Asanova says it is already the second year that she cannot receive her money from Closed Joint-Stock Company (CJSC) Tajprombank (Tajik Joint-Stock Commercial Industrial ...
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Mobile operators in Uzbekistan to receive equal number of radio frequency bands
    The Republican Council of radio frequencies redistributed radio frequency bands in the 900/1800 MHz bands in the same volume between the four GSM mobile operators.
    Ministry ...
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Afghanistan: some Taliban circles ready to reconcile - HIA
    Some Taliban's political circles have contacted the Hezb-i-Islami #Afghanistan to join the peace process, a spokesman for the Gulbadin Hekmatyar-led party said on Sunday.
    HIA spokesman ...
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Prices and Statistics

Commodities
    

Date: May 16, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 48.99 +0.14 +0.29% Jun 2017 1:13 AM
USD/bbl. 51.95 +0.13 +0.25% Jul 2017 1:12 AM
USd/gal. 159.64 +0.10 +0.06% Jun 2017 12:47 AM
USD/MMBtu 3.35 +0.00 +0.03% Jun 2017 1:13 AM
USd/gal. 151.53 +0.57 +0.38% Jun 2017 1:00 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,233.30 +3.30 +0.27% Jun 2017 1:13 AM
USD/t oz. 1,233.36 +2.54 +0.21% N/A 1:23 AM
USD/t oz. 16.71 +0.10 +0.61% Jul 2017 1:12 AM
USd/lb. 252.95 -0.95 -0.37% Jul 2017 1:13 AM
USD/t oz. 933.35 +3.95 +0.43% N/A 1:23 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 366.25 -1.50 -0.41% Jul 2017 1:00 AM
USd/bu. 422.50 -0.75 -0.18% Jul 2017 1:12 AM
USD/MT 2,041.00 +26.00 +1.29% Jul 2017 5/15/2017
USd/lb. 84.81 -0.51 -0.60% Jul 2017 1:12 AM
USd/lb. 118.80 -2.97 -2.44% Aug 2017 5/15/2017
 

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Exchange Rates
    

Date: May 16, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 313.52 1 CHF

KZT 314.22

1 CNY

KZT 45.49

1 TRY KZT 88.2 1 JPY KZT 2.76
1 EUR

KZT 343.88

1 AUD

KZT 233.21

1 KGS KZT 4.63 100 UZS KZT 8.34 1 BYN KZT 168.87
1 GBP KZT 405.39 1 CAD KZT 230.23 1 RUB KZT 5.56 100 KRW KZT 28.1 1 UAH KZT 11.86

 

 

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