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News: Wednesday, August 09, 2017 -- Issue 2797 http://www.newsline.kz/rss/

Article of the Day

National Economy Minister comments on anti-Russian sanctions impact on Kazakhstan
    The Kazakh Minister of National Economy, Timur Suleimenov, has commented on the anti-Russian sanctions' impact on the economy of Kazakhstan, Kazinform correspondent reports
    "In the long run, these sanctions will have a certain impact on the Russian economy and, by extension, accordingly, being a founding member state of the Eurasian Economic Union, we will also need to see the impact they will have on us. For instance, we have discussed the issue of pipelines. The pipeline that links our oil to the seas, to Novorossiysk in particular, is not covered by the sanctions. That is, American companies such as Chevron, which are the investors of the Caspian Pipeline Consortium, got the Congress exclude such transit pipelines from the sanctions. In this respect, the delivery of our oil to foreign markets will not be affected," Timur Suleimenov told the journalists on the sidelines of a Government session.
    "As to the possible deterioration in the economic situation of Russia, it has always been the case. We always live in the situation where the other partner, for example, China, has a slowdown. They were growing at 6.9-7%, now it is only 6.3%. Unfortunately, the Russian economy was not at its best anyway. It has been showing a decline for two consecutive years, so we got used to it. This year, it is planned to have a certain growth, and that is a positive thing," the minister stressed.
    According to him, "we should be ready, but we do not want to dramatize". "We do not consider this an extraordinary event. We believe that the effect will be about the same as any rise or fall in oil price or metal index or slowdown of the economy in any of our partner countries. I mean that nothing extraordinary, having an immediate effect, is taking place," Timur Suleimenov summed up.
    Recall, the Head of State Nursultan Nazarbayev also spoke out about the possible impact of the sanctions on Kazakhstan in a meeting with the Prime Minister. "I think the Government is working hard and I urge everyone, we have to work hard to finish this year with good indicators. There are certain risks, such as fluctuations in prices for our energy sources and raw materials, and perhaps, the Western sanctions on Russia. Thus, all of this must be taken into account," the President said. It should be noted that in early August the US President Donald Trump signed a bill approving sanctions against Russia, Iran, and North Korea.
    Reported by Kazinform.

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Kazakhstan General

Business confidence boosts in five sectors of Kazakh economy
    In 5 of 6 priority sectors of Kazakhstan's economy the level of business confidence has grown. The economic situation has improved for the manufacturers, construction companies, ...
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Memoranda worth $ 60 m signed between China and Kazakhstan
    Kazakhstani and Chinese companies signed memoranda on cooperation and construction of a joint venture and on a number of other joint projects within the framework of ...
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Government increases number of educational grants
    In 2016, the government provided 31,702 educational grants. This year, it is going to increase the number by approximately 6,000 educational grants. This year, 50,416 graduates ...
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Kazakhstans largest Ferris wheel unveiled in Astana
    A 65-metre Ferris wheel opened July 31 in Astana. It is the largest in Kazakhstan and the second largest in the Commonwealth of Independent States space ...
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Erdogan intends to make an official visit to Kazakhstan
    The head of state Nursultan Nazarbayev held a telephone talk with the President of the Republic of Turkey Recep Tayyip Erdogan, Kazpravda.kz reports with reference to ...
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Expo-2017

NGC Megastructures featuring Kazakhstan's EXPO pavilion to premiere on August 10
    The new episode of National Geographic Channel's Megastructures series Megastructures featuring the Nur Alem sphere will premiere on August 10, Kazinform reports.
    The episode mostly revolves around ...
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Oil and Gas Sector

Kazakhstan: US sanctions will not affect oil projects
    New US sanctions against Russia will not affect multi-billion dollar oil projects in Kazakhstan backed by Chevron, ExxonMobil and other western energy majors, the countrys economy ...
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Caspian Sunrise progresses with Kazakhstan oil project
    Oil and gas company Caspian Sunrise PLC on Tuesday said wells at its project in western Kazakhstan have spudded.
    Well 144 in the MJF field at the ...
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Topaz wins 'critical' $100m Dragon Oil contract
    Topaz Energy and Marine has clinched a new $100m contract with Emirates National Oil Co upstream unit Dragon Oil in the Caspian.
    Under the contract Topaz will ...
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Med crude-Urals up on limited supply, Azeri BTC exports down in Sept
    Kazakhstans benchmark Urals differentials were supported on Tuesday as there were not many August-loading cargoes available in the market, while demand was still good.
    In the window ...
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U.S. oil prices slip as some OPEC producers export more
    Oil prices fell on Tuesday, pulling back from recent gains as exports from key OPEC producers rose and despite news of lower crude shipments from Saudi ...
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Far Eastern gas to be reserved for Power of Siberia
    The Russian Energy Ministry decided to revise plans for gas production in the Far East, Izvestia writes citing an updated version of the state energy development ...
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Europe needs to fend off expensive American gas German energy major
    The European Union should be more active in finding alternative gas supplies, as the United States will be actively pushing its liquefied natural gas (LNG) into ...
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Finance and Investment

Kazakhstan: forecast and realities in economic development
    Increasing discrepancies between a growing avalanche of economic forecasts by more and more institutional lenders and sideliners for the wider Central Asian region have revived the ...
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National Fund's investment income hits $2.4bn in H1 2017
    Preliminary figures indicate $2.4 billion as the investment income of the Kazakhstan National Fund for the first six months of 2017, the press service of the ...
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KASE day session: USDKZT_TOD = 332.28
    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 ...
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Metals and Minerals

Analyst price targets on Evraz
    Currently 9 brokers are covering Evraz (LON:EVR), 6 rate it Strong Buy, 0 Buy, 0 Sell, 1 Strong Sell, while 2 Neutral.
    Below are the most ...
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Polymetal International earns buy rating from Numis Securities Ltd
    Polymetal International PLC (LON:POLY)s stock had its buy rating reissued by investment analysts at Numis Securities Ltd in a research report issued on Wednesday, July 26th. ...
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Aluminium hits 2-1/2 year peak above $2,000/T on China shutdowns
    Aluminium hit a 2-1/2 year peak above $2,000 a tonne on Tuesday, lifted by growing concerns over supply cuts in top producer China and an upbeat ...
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Gold under pressure as dollar turns positive
    Gold pared its gains on Tuesday after the U.S. dollar turned positive as investors awaited U.S. inflation figures later this week for further clues about the ...
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Trade and Consumer Goods

Kazakhstan stepping up flour exports to China
    Flour exports from Kazakhstan somewhat expanded in June 2017. So, the country supplied 180.9 KMT of flour to foreign markets that month, or 10% more than ...
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Kazakhstan: in January-July, JSC Ak Biday Terminal transshipped nearly 180 thsd tonnes of grains
    During seven months of 2017, the grain terminal JSC Ak Biday Terminal, the subsidiary company of National Company Food Contract Corporation JSC, shipped 178 thsd tonnes ...
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Sagintayev criticised vice-minister of agriculture
    During a meeting of the Government, Prime Minister Bakytzhan Sagintayev made a number of remarks to the First Vice-Minister of Agriculture Kairat Aytuganov on the idle ...
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Futures: China import jump sees soya evade grains weakness
    It took something a bit special to avoid selling in the agricultural commodities complex.
    It was not just some recovery in the dollar which undermined prices, in ...
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KAZAKH INVEST national company started call for bids from Kazakhstani commodity producers, willing to make a contract with retail networks.
    Kazakhstani producers bid will be represented to several Russian retailers commercial services for coordinated cooperation. Federal and regional Russian networks participate in this project. Federal networks ...
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Communications and Transportation

Kazakhstan to set up all-cargo airline
    Air Astana and national rail operator Kazakhstan Temir Zholy (KTZ) are joining forces to create a freight carrier before the end of this year.
    The intent was ...
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Russian companies to cooperate with Kazakh space industry
    Due to the Russian National Day at EXPO 2017, a delegation from Chelyabinsk region led by its Governor Boris Dubrovskiy visited Kazakhstan National Space Centre. This ...
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Regional News

China's trade growth moderates but economic momentum remains sufficient
    China's foreign trade growth moderated in July, affected by currency appreciation and a higher base, official data showed Tuesday.
    While there are uncertainties on the trade outlook, ...
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China-Russia Trade Turnover in July Up 19.4% Year-on-Year
    The trade turnover between China and Russia increased by 19.4 percent in July compared to the same month last year, the Chinese Customs General Administrations data ...
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Russia to reduce reliance on US dollar & payment systems in response to sanctions
    The Russian government will intensify efforts to cut the countrys dependence on US payment systems and the dollar as a settling currency, said Deputy Foreign Minister ...
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Uzbekistan uses investments for US$7.5bn in 1H
    Total volume of investments in fixed assets in Uzbekistan made up 26.6 trillion soums (in dollar equivalent US$7.5 billion) in January-June 2017, which rose by ...
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Foreign trade turnover of Uzbekistan exceeds US$12.072 billion in 1H
    Foreign trade turnover of Uzbekistan made up US$12.072 billion, which is 11.1% higher compared to the same period in 2016.
    In January-June, Uzbekistan increased exports by ...
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China-Prices for food products grow by 5.9% in 1H
    Growth of prices for food products accelerated in the first half of 2017, while prices for services decreased, the State Statistics Committee of Uzbekistan said.
    The ...
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Kyrgyz authorities urged to increase monitoring of extremists
    Analysts are urging the Kyrgyz government to increase its monitoring of extremist groups and to improve its methods for identifying them.
    Toktayym Umetaliyeva, leader of the ...
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Berdimuhamedov: Ample opportunities available to develop Azerbaijani-Turkmen cooperation
    Ample opportunities are available for the development of cooperation in the economic, trade and humanitarian spheres between Azerbaijan and Turkmenistan, Turkmen President Gurbanguly Berdimuhamedov said.
    Berdimuhamedov made ...
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Dozens of Shia Muslims in Afghanistan killed in fourth Taliban victory in 3 weeks
    Dozens of men, women, and children, mostly ethnic Hazara Shia Muslims, were massacred in a two-day battle that ended on Saturday in northern Afghanistan in Sar-e-Pul. ...
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Erik Prince offers private military force in Afghanistan
    Erik Prince, the worlds most infamous military contractor, wants his private military forces to give Afghanistan the same treatment he gave Iraq. In a document dated ...
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Prices and Statistics

Commodities
    

Date: August 9, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 49.00 -0.17 -0.35% Sep 2017 10:56 PM
USD/bbl. 51.91 -0.23 -0.44% Oct 2017 10:55 PM
USd/gal. 160.09 -1.99 -1.23% Sep 2017 10:41 PM
USD/MMBtu 2.81 -0.01 -0.46% Sep 2017 10:56 PM
USd/gal. 161.77 -1.15 -0.71% Sep 2017 10:49 PM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,270.70 +8.10 +0.64% Dec 2017 10:57 PM
USD/t oz. 1,265.21 +4.25 +0.34% N/A 11:06 PM
USD/t oz. 16.52 +0.13 +0.77% Sep 2017 10:56 PM
USd/lb. 293.60 -0.65 -0.22% Sep 2017 10:56 PM
USD/t oz. 973.70 +1.87 +0.19% N/A 11:07 PM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 384.25 +0.50 +0.13% Dec 2017 10:54 PM
USd/bu. 456.50 -0.50 -0.11% Dec 2017 10:54 PM
USD/MT 2,028.00 -14.00 -0.69% Dec 2017 1:29 PM
USd/lb. 70.78 -0.35 -0.49% Dec 2017 10:56 PM
USd/lb. 110.60 -0.52 -0.47% Oct 2017 2:04 PM
 

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Exchange Rates
    

Date: August 9, 2017; Source: the National Bank of Kazakhstan

1 AUSTRALIAN DOLLAR AUD / KZT 263.26  
1 AZERBAIJAN MANAT AZN / KZT 198.92  
10 ARMENIAN DRAM AMD / KZT 6.96  
1 BELARUS ROUBLE BYN / KZT 170.4  
1 BRAZILIAN REAL BRL / KZT 106.28  
10 HUNGARIAN FORINTS HUF / KZT 12.9  
1 HONG KONG DOLLAR HKD / KZT 42.47  
1 GEORGIAN LARI GEL / KZT 139.52  
1 DANISH KRONA DKK / KZT 52.75  
1 UAE DIRHAM AED / KZT 90.45  
1 US DOLLAR USD / KZT 332.19  
1 EURO EUR / KZT 392.25  
1 INDIAN RUPEE INR / KZT 5.21  
1000 IRANIAN RIAL IRR / KZT 10.12  
1 CANADIAN DOLLAR CAD / KZT 262.43  
1 CHINESE YUAN CNY / KZT 49.56  
1 KUWAIT DINAR KWD / KZT 1101.43  
1 KYRGYZIAN SOM KGS / KZT 4.82  
1 MALAYSIAN RINGGIT MYR / KZT 77.54  
1 MEXICAN PESO MXN / KZT 18.54  
1 MOLDAVIAN LEY MDL / KZT 18.66  
1 NORWEGIAN KRONA NOK / KZT 42.08  
1 POLISH ZLOTY PLN / KZT 92.23  
1 SAUDI RIYAL SAR / KZT 88.58  
1 RUSSIAN ROUBLE RUB / KZT 5.54  
1 SDR XDR / KZT 468.22  
1 SINGAPORE DOLLAR SGD / KZT 244.1  
1 TAJIKISTAN SOMONI TJS / KZT 37.75  
1 THAI BAHT THB / KZT 10  
1 TURKISH LIRA TRY / KZT 94.13  
100 UZBEKISTAN SUM UZS / KZT 8.12  
1 UKRAINIAN GRIVNA UAH / KZT 12.93  
1 GREAT BRITAIN POUND GBP / KZT 432.88  
1 CRECH KORUNA CZK / KZT 15.01  
1 SWEDISH KRONA SEK / KZT 40.82  
1 SWISS FRANC CHF / KZT 341.41  
1 SOUTH AFRICAN RAND ZAR / KZT 25.26  
100 SOUTH KOREAN WON KRW / KZT 29.54  
1 JAPANESE YEN JPY / KZT 3.01  

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