Issue 3131 - 14.12.2018
14.12.2018

Kazakhstan endorsed the implementation of JCPOA

Kazakhstan is concluding its work in the UN Security Council, expecting that the Joint Comprehensive Plan of Action will continue contributing to the stability and peace in the region.

Kazakhstan views the Joint Comprehensive Plan of Action on the Iranian nuclear issue as key to nuclear security in the region, a press service of the Ministry of Foreign Affairs of Kazakhstan informs. It was said by Permanent Representative of Kazakhstan to the UN Kairat Umarov, addressing at the open session of the UN Security Council. 

On December 12, the UN Security Council heard the sixth biannual report of the Un Secretary-General on Resolution 2231 delivered by Under-Secretary-General for Political Affairs Rosemary DiCarlo. The session was also attended by U.S. Secretary of State Mike Pompeo.

"Kazakhstan once again support the Joint Comprehensive Plan of Action on the Iranian nuclear issue and stands for his further implementation as it was said in the policy address of Kazakh President Nursultan Nazarbayev to the UN Security Council. We are convinced of the vital role of the document in the name of the peace and stability in the region, as well as its relevance to new perspectives for cooperation with Iran in various fields," said Umarov. 

The UN Secretary-General's report underlines that the Joint Comprehensive Plan of Action is a significant achievement in the field of nuclear weapon non-proliferation, and clear testimony to effective dialogue and diplomacy. Kazakhstan is proud of the contribution it made to the negotiation process towards the elaboration of the historic agreement by holding two rounds of positive talks in Almaty back in 2013. 

The head of a Kazakh delegation supported the UN Secretary-General's call to benefit from the document by all the participants and expressed solidarity with the states signed the Plan and in the aspiration towards the freedom for their economic operators in cooperation with Iran as part of the requirements of the Resolution of the UN Security Council. 

Kairat Umarov also emphasized the legitimate interest of Kazakhstan in developing an active partnership with all states of the region in view of its geographical location and transit potential. A strong recovery in the trade and economic cooperation and development in the region has been observed due to the Joint Comprehensive Plan of Action.  

"Kazakhstan is completing its work in the UN Security Council, expecting that the Joint Comprehensive Plan of Action and Resolution 2231 will continue contributing to the stability and peace in the region," concluded the Kazakh Ambassador. 

The Joint Comprehensive Plan of Action on the Iranian Nuclear Issue was adopted in July 2015 in Vienna by the Heads of Foreign Ministries of USA, Russia, China, Great Britain, France, Germany, and Iran. The document was developed to find a comprehensive and final solution to this issue.  

In May 2018, the USA declared the withdrawal from the Treaty and announced to resume unilateral sanctions against Iran. 

In February and April 2013, the city of Almaty held two rounds of talks on the Iranian nuclear programme. 

By BNews.

Kazakhstan General

14.12.2018

Development of public-private partnership in regions considered at a meeting of Expert Council

Meeting of the Expert Council for Economy was held Dec. 13 in Ukimet Uyi with the participation of Prime Minister Bakytzhan Sagintayev.

The development of public-private partnership in the regions, as well as the economic agenda for 2019 was discussed at the meeting.

Chairman of the Governing Board of the Association of...

Meeting of the Expert Council for Economy was held Dec. 13 in Ukimet Uyi with the participation of Prime Minister Bakytzhan Sagintayev.

The development of public-private partnership in the regions, as well as the economic agenda for 2019 was discussed at the meeting.

Chairman of the Governing Board of the Association of...

14.12.2018

Kazakhstan reports increase in life expectation

The Unified Pension Savings Fund of Kazakhstan reported on the Kazakhstan's life expectancy.

Kazakhstan as well as the entire world eyes currently growth of expected lifespan. According to 2017 data, the average life expectancy makes 73 years old, ranging from 69 years for men to 77 years for women. Research...

The Unified Pension Savings Fund of Kazakhstan reported on the Kazakhstan's life expectancy.

Kazakhstan as well as the entire world eyes currently growth of expected lifespan. According to 2017 data, the average life expectancy makes 73 years old, ranging from 69 years for men to 77 years for women. Research...

Oil and Gas Sector

14.12.2018

Kazakhstan to start to develop the Kalamkas-Sea field in the Caspian Sea

The Ministry of Energy of Kazakhstan, the Plenipotentiary Body (PSA), and the companies participating in the Northern Caspian Production Sharing Agreement (NCPSA) as shareholders, signed an agreement on the provision of the Development Plan for the Kalamkas-Sea field located in the NCPSA license area.

The agreement provides for the companies to...

The Ministry of Energy of Kazakhstan, the Plenipotentiary Body (PSA), and the companies participating in the Northern Caspian Production Sharing Agreement (NCPSA) as shareholders, signed an agreement on the provision of the Development Plan for the Kalamkas-Sea field located in the NCPSA license area.

The agreement provides for the companies to...

14.12.2018

Oil from Karachaganak to be supplied to Kazakhstani refineries at market price

Deliveries of crude oil from the Karachaganak field for processing at Kazakhstani oil refineries will be held on commercial terms, that is, at a price close to the netback, Magzum Mirzagaliyev, deputy minister of energy, told.

"We agreed in the framework of the settlement of the dispute that Kazakhstan will have...

Deliveries of crude oil from the Karachaganak field for processing at Kazakhstani oil refineries will be held on commercial terms, that is, at a price close to the netback, Magzum Mirzagaliyev, deputy minister of energy, told.

"We agreed in the framework of the settlement of the dispute that Kazakhstan will have...

14.12.2018

Gasoline production in Kazakhstan in January-November increases by almost 30%

In January-November 2018, Kazakhstan produced 3.599 million tonnes of gasoline, including aviation fuel, which is 28.9% more than in January-November 2017, the statistics committee of the Ministry of Economy said.

The output of diesel fuel increased by 8.3%, to 4.327 million tonnes, fuel oil decreased by 12.3%, to 2.622 million tonnes....

In January-November 2018, Kazakhstan produced 3.599 million tonnes of gasoline, including aviation fuel, which is 28.9% more than in January-November 2017, the statistics committee of the Ministry of Economy said.

The output of diesel fuel increased by 8.3%, to 4.327 million tonnes, fuel oil decreased by 12.3%, to 2.622 million tonnes....

14.12.2018

Atyrau Refinery exports first batch of aromatic hydrocarbons to China

The first batch of paraxylene of the Atyrau Oil Refinery in a total volume of 300 tonnes was sent to China on Wednesday, December 12. Last week, the AOR reported on the start of shipment of paraxylene.

Paraxylene along with another petrochemical product - benzene - is a product of the...

The first batch of paraxylene of the Atyrau Oil Refinery in a total volume of 300 tonnes was sent to China on Wednesday, December 12. Last week, the AOR reported on the start of shipment of paraxylene.

Paraxylene along with another petrochemical product - benzene - is a product of the...

14.12.2018

Capacity of the Kazakhstan-China pipeline is increased to 55 billion cubic metres per year

In 2018, the throughput capacity of the Kazakhstan-China gas pipeline increased by 5 billion cubic metres to 55 billion cubic metres of gas per year.

This was announced by the Deputy Minister of Energy of Kazakhstan M. Mirzagaliyev.

M. Mirzagaliyev’s theses:

- Kazakhstan plays an ever-increasing role in the regional transit of energy...

In 2018, the throughput capacity of the Kazakhstan-China gas pipeline increased by 5 billion cubic metres to 55 billion cubic metres of gas per year.

This was announced by the Deputy Minister of Energy of Kazakhstan M. Mirzagaliyev.

M. Mirzagaliyev’s theses:

- Kazakhstan plays an ever-increasing role in the regional transit of energy...

14.12.2018

KazTransOil automates transportation control

Atyrau Oil Pipeline Administration of KazTransOil systematically carries out modernisation and automation of all production processes related to oil transportation. The Greater Chagan oil pumping station in the Zelionovsky District of the West Kazakhstan Region has introduced the most advanced digital technologies in the protection, monitoring and control system.

Greater Chagan...

Atyrau Oil Pipeline Administration of KazTransOil systematically carries out modernisation and automation of all production processes related to oil transportation. The Greater Chagan oil pumping station in the Zelionovsky District of the West Kazakhstan Region has introduced the most advanced digital technologies in the protection, monitoring and control system.

Greater Chagan...

14.12.2018

Managers of several oil companies in Aktobe sentenced for long prison terms

One of the directors of the refinery of Aktobe Oil Refining Almaz Kuzhagaliyev was sentenced to 19 years in prison for illegal sale and export of oil.

The co-participant of the criminal group, the deputy director of Inter Oil Export, a Belarusian citizen Sergei Kuntsevich was found guilty and sentenced to...

One of the directors of the refinery of Aktobe Oil Refining Almaz Kuzhagaliyev was sentenced to 19 years in prison for illegal sale and export of oil.

The co-participant of the criminal group, the deputy director of Inter Oil Export, a Belarusian citizen Sergei Kuntsevich was found guilty and sentenced to...

14.12.2018

Gasification of Zaisan district of East Kazakhstan region

The issue of gasification of the country's regions remains one of the most urgent on the agenda for both the government and regional authorities. No exception is the East Kazakhstan region. On December 8, 2012, an Agreement between the Government of Kazakhstan and the Government of China on cooperation in...

The issue of gasification of the country's regions remains one of the most urgent on the agenda for both the government and regional authorities. No exception is the East Kazakhstan region. On December 8, 2012, an Agreement between the Government of Kazakhstan and the Government of China on cooperation in...

14.12.2018

Turkey starts building overland track of Turkish Stream pipeline

Turkey is launching the construction of the onshore part of the Turkish Stream gas pipeline on the territory of the republic.

Turkish President Recep Tayyip Erdogan announced this presenting the action plan for the second 100 days of the new cabinet after the country’s transition to the presidential form of government.

"We...

Turkey is launching the construction of the onshore part of the Turkish Stream gas pipeline on the territory of the republic.

Turkish President Recep Tayyip Erdogan announced this presenting the action plan for the second 100 days of the new cabinet after the country’s transition to the presidential form of government.

"We...

14.12.2018

Oil benchmarks edge up on signs OPEC+ deal works

Oil prices climbed 1 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.

OPEC's output agreement with Russia and Canada's decision to mandate production cuts could create...

Oil prices climbed 1 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.

OPEC's output agreement with Russia and Canada's decision to mandate production cuts could create...

14.12.2018

North Sea region’s gas prices up as winter is on the doorstep

British wholesale gas prices rose on December 13 as colder than expected temperatures lifted demand for gas for heating.

The day-ahead gas price was up 1.25 pence at 66.25 pence per therm by 0915 GMT.

The within-day gas price was up 1.25 pence at 65.50p/therm.

Traders said temperature forecasts had been revised downwards...

British wholesale gas prices rose on December 13 as colder than expected temperatures lifted demand for gas for heating.

The day-ahead gas price was up 1.25 pence at 66.25 pence per therm by 0915 GMT.

The within-day gas price was up 1.25 pence at 65.50p/therm.

Traders said temperature forecasts had been revised downwards...

Finance and Investment

14.12.2018

Samruk-Kazyna Fund approves development plan for 2019-2023

Prime Minister of Kazakhstan Bakytzhan Sagintayev chaired a regular meeting of the Board of Directors of Samruk-Kazyna Sovereign Wealth Fund JSC in Ukimet Uyi.

On the agenda, the results of the Fund’s work for 2018 including the implementation of the Transformation Program were reviewed and the Development Plan of Samruk-Kazyna JSC...

Prime Minister of Kazakhstan Bakytzhan Sagintayev chaired a regular meeting of the Board of Directors of Samruk-Kazyna Sovereign Wealth Fund JSC in Ukimet Uyi.

On the agenda, the results of the Fund’s work for 2018 including the implementation of the Transformation Program were reviewed and the Development Plan of Samruk-Kazyna JSC...

14.12.2018

Outpacing growth of foreign investment in manufacturing sector is one of achievements of Kazakhstan's industrialization

During the teleconference on the Industrialization Day, President Nursultan Nazarbayev launched 28 new projects throughout the country. The Head of State summarized the implementation results of the Industrialization Map, identifying new tasks and future prospects. Well-known experts spoke to PrimeMinister.kz about the importance of the industrial and innovative development of...

During the teleconference on the Industrialization Day, President Nursultan Nazarbayev launched 28 new projects throughout the country. The Head of State summarized the implementation results of the Industrialization Map, identifying new tasks and future prospects. Well-known experts spoke to PrimeMinister.kz about the importance of the industrial and innovative development of...

14.12.2018

Kazakhstan signs an investment agreement with China's Genertec

The document was designed to upgrade the automotive industry of Kazakhstan. 

Chairman of the Kazakh Senate Kassym-Jomart Tokayev congratulated Chairman of the Board of China General Technology Holding (Genertec) Lu Yi Min on the signing of the outstanding investment deal, a press office of the Senate reports.

The document was designed to...

The document was designed to upgrade the automotive industry of Kazakhstan. 

Chairman of the Kazakh Senate Kassym-Jomart Tokayev congratulated Chairman of the Board of China General Technology Holding (Genertec) Lu Yi Min on the signing of the outstanding investment deal, a press office of the Senate reports.

The document was designed to...

14.12.2018

National Bank gives new forecasts for economic growth in Kazakhstan

The National Bank published the results of its next forecast round dedicated to changes in the balance of payments. Rounds are held at intervals of three months, and this time it took place under conditions of a clear decline in oil prices in November.

The revision of the forecasts was not...

The National Bank published the results of its next forecast round dedicated to changes in the balance of payments. Rounds are held at intervals of three months, and this time it took place under conditions of a clear decline in oil prices in November.

The revision of the forecasts was not...

14.12.2018

Net sales of the euro currency in November breaks all records and reach almost 34 billion tenge

The value of net sales of euro by exchange offices in October reached 33.6 billion tenge, which is 9.1% more than last month. This is the highest figure in the current year.

The average official euro exchange rate in October was 422.2 KZT for 1 EUR, which is 1.4% less than...

The value of net sales of euro by exchange offices in October reached 33.6 billion tenge, which is 9.1% more than last month. This is the highest figure in the current year.

The average official euro exchange rate in October was 422.2 KZT for 1 EUR, which is 1.4% less than...

14.12.2018

Lending in processing segment stalls

At the end of October 2018, industry lending in Kazakhstan reached almost 2 trillion tenge.

The main share (almost 65%) of lending is traditionally accounted for the manufacturing industry, the size of the loan portfolio reached 1.2 trillion tenge.

Mining industry accounted for 21.3%, or 407.2 billion tenge; other industries (electric power...

At the end of October 2018, industry lending in Kazakhstan reached almost 2 trillion tenge.

The main share (almost 65%) of lending is traditionally accounted for the manufacturing industry, the size of the loan portfolio reached 1.2 trillion tenge.

Mining industry accounted for 21.3%, or 407.2 billion tenge; other industries (electric power...

14.12.2018

Small business accelerates: active small companies increased by 2% in just one month

At the end of November this year, the number of operating enterprises reached 279.2 thousand, with the growth by 9.4% yoy. The proportion of small enterprises is 96.9% of the total number of companies.

The number of small enterprises reached 270.6 thousand, which is 9.6% more than a year earlier. The...

At the end of November this year, the number of operating enterprises reached 279.2 thousand, with the growth by 9.4% yoy. The proportion of small enterprises is 96.9% of the total number of companies.

The number of small enterprises reached 270.6 thousand, which is 9.6% more than a year earlier. The...

14.12.2018

Court decision on the elimination of Qazaq Banki enters into force

Qazaq Banki denied the appeal, so on December 12, 2018, the decision of the Almaty Economic Court on the forced liquidation of the bank came into force. This decision was made on October 24, 2018, the bank filed an appeal on November 29.

Individuals and individual entrepreneurs are entitled to reimbursement...

Qazaq Banki denied the appeal, so on December 12, 2018, the decision of the Almaty Economic Court on the forced liquidation of the bank came into force. This decision was made on October 24, 2018, the bank filed an appeal on November 29.

Individuals and individual entrepreneurs are entitled to reimbursement...

14.12.2018

ForteBank announces deal with DAR

On December 12, ForteBank announced the purchase of IT products developed by DAR Ecosystems - DAR Bazar, DAR Business, chatbot and DAR VIS chat technologies. DAR Ecosystems is an electronic money operator and is licensed by the payment organisation of the National Bank of Kazakhstan. At this point, ForteBank is...

On December 12, ForteBank announced the purchase of IT products developed by DAR Ecosystems - DAR Bazar, DAR Business, chatbot and DAR VIS chat technologies. DAR Ecosystems is an electronic money operator and is licensed by the payment organisation of the National Bank of Kazakhstan. At this point, ForteBank is...

14.12.2018

Privatisation scheme fails to match with 2018 targets

The midterm results of the Comprehensive Privatisation Plan for 2016 to 2020 show that 465 entities, including state-owned and communal companies as well as assets of national holdings worth 296 billion tenge or US$800.93 million have been sold, out of a total of 532 put up for sale.

Ninety-six entities are...

The midterm results of the Comprehensive Privatisation Plan for 2016 to 2020 show that 465 entities, including state-owned and communal companies as well as assets of national holdings worth 296 billion tenge or US$800.93 million have been sold, out of a total of 532 put up for sale.

Ninety-six entities are...

14.12.2018

National fund gets green light for new four-year development scheme

A regular meeting of the Board of Directors of National Welfare Fund Samruk-Kazyna JSC was chaired by Prime Minister of Kazakhstan Bakytzhan Sagintayev.

The agenda included the results of the Fund’s work for 2018, including the progress of the Transformation Program; the Development Plan of Samruk-Kazyna JSC for 2019-2023 was approved.

Chairman...

A regular meeting of the Board of Directors of National Welfare Fund Samruk-Kazyna JSC was chaired by Prime Minister of Kazakhstan Bakytzhan Sagintayev.

The agenda included the results of the Fund’s work for 2018, including the progress of the Transformation Program; the Development Plan of Samruk-Kazyna JSC for 2019-2023 was approved.

Chairman...

14.12.2018

UAE, Kazakhstan joint projects account for over $10bn

Khairat Lama Sharif, Ambassador of Kazakhstan to the UAE, said that the two countries are reinforcing their ties, through promoting political cooperation, economic and cultural interaction, and regional communication, WAM reports. 

In his speech during a reception marking Kazakhstan's National Day, Sharif said that the current year witnessed many historic events,...

Khairat Lama Sharif, Ambassador of Kazakhstan to the UAE, said that the two countries are reinforcing their ties, through promoting political cooperation, economic and cultural interaction, and regional communication, WAM reports. 

In his speech during a reception marking Kazakhstan's National Day, Sharif said that the current year witnessed many historic events,...

14.12.2018

100 companies registered at Astana International Financial Center

Since its opening in July 2018, around 100 companies have registered with Astana International Financial Center.

The latest reports from Kazakhstan capital says that the number will touch to 250 companies by 2019 and 500 by the end of 2020. Media gathering was chaired by HE Mr. Madiyar Menilbekov, Consul General...

Since its opening in July 2018, around 100 companies have registered with Astana International Financial Center.

The latest reports from Kazakhstan capital says that the number will touch to 250 companies by 2019 and 500 by the end of 2020. Media gathering was chaired by HE Mr. Madiyar Menilbekov, Consul General...

14.12.2018

Kazakh tenge settles at 370.10 per US dollar on December 13

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TОМ) made KZT370.10 per US dollar at the trades volume of USD80,400 th.;

- on US dollar with settlements T+0 and T+2 in tenge no deals were made; at the session close quotes...

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TОМ) made KZT370.10 per US dollar at the trades volume of USD80,400 th.;

- on US dollar with settlements T+0 and T+2 in tenge no deals were made; at the session close quotes...

14.12.2018

Euro falters on Europe’s political woes

The euro fell against the dollar on Thursday after the European Central Bank as expected halted new bond purchases and promised to maintain policy support for the euro zone due to risks from trade tensions, Brexit and budget woes in Italy and France.

Sterling held steady following UK Prime Minister Theresa...

The euro fell against the dollar on Thursday after the European Central Bank as expected halted new bond purchases and promised to maintain policy support for the euro zone due to risks from trade tensions, Brexit and budget woes in Italy and France.

Sterling held steady following UK Prime Minister Theresa...

Metals and Minerals

14.12.2018

Russia and Kazakhstan derive revenues from mutual metal fabricates deliveries

For the third year in a row, Russian and Kazakhstan pipe producers have managed to maintain an approximate parity on mutual deliveries of seamless pipes within the EEU. The industry explains the situation by the fact that Pavlodar KSP Steel is more profitable to supply pipes to Russia than to...

For the third year in a row, Russian and Kazakhstan pipe producers have managed to maintain an approximate parity on mutual deliveries of seamless pipes within the EEU. The industry explains the situation by the fact that Pavlodar KSP Steel is more profitable to supply pipes to Russia than to...

14.12.2018

KAZ Minerals’ shares rating boosted by Zacks Investment Research

KAZ MINL PLC/ADR (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists...

KAZ MINL PLC/ADR (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment consists...

14.12.2018

Gold flat on monetary, political stalemates, palladium firm

Spot gold and U.S. gold futures were steady at $1,245.74 per ounce and $1,250.3 per ounce, respectively, as of 0657 GMT.

"Market sentiment is neutral today... We've got a little more positive sentiment than we anticipated from U.S.-China trade tensions, which is weighing on the topside," said Stephen Innes, APAC trading...

Spot gold and U.S. gold futures were steady at $1,245.74 per ounce and $1,250.3 per ounce, respectively, as of 0657 GMT.

"Market sentiment is neutral today... We've got a little more positive sentiment than we anticipated from U.S.-China trade tensions, which is weighing on the topside," said Stephen Innes, APAC trading...

14.12.2018

Tin, copper up, other base metal benchmarks down as economics and politics point in different directions

Copper hit its highest in more than a week on Dec. 13 after U.S.-China trade tensions eased, but gains were capped due to persistent worries about Chinese demand and global growth. China made its first purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck...

Copper hit its highest in more than a week on Dec. 13 after U.S.-China trade tensions eased, but gains were capped due to persistent worries about Chinese demand and global growth. China made its first purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck...

Trade and Consumer Goods

14.12.2018

Kazakh government considers measures in support of commodity marketing

A meeting of the Council on export policy was held in Ukimet Uyi under the chairmanship of the Prime Minister of Kazakhstan Bakytzhan Sagintayev. Specifically, approaches were considered for financial and service support of enterprises in order to create new export positions, expand the presence of Kazakhstan commodities in “traditional”...

A meeting of the Council on export policy was held in Ukimet Uyi under the chairmanship of the Prime Minister of Kazakhstan Bakytzhan Sagintayev. Specifically, approaches were considered for financial and service support of enterprises in order to create new export positions, expand the presence of Kazakhstan commodities in “traditional”...

14.12.2018

First batch of Kazakhstan frozen lamb is exported to China

On December 12, 2018, over 16 tonnes of Kazakhstan's frozen lamb arrived at a special railway receiving station of the railway port of Urumqi, which was Kazakhstan’s first export supply of meat products to China.

In an interview with the Evening Newspaper Urumqi, the general manager of the recipient company of...

On December 12, 2018, over 16 tonnes of Kazakhstan's frozen lamb arrived at a special railway receiving station of the railway port of Urumqi, which was Kazakhstan’s first export supply of meat products to China.

In an interview with the Evening Newspaper Urumqi, the general manager of the recipient company of...

14.12.2018

Trade between Kazakh Turkestan province and Uzbekistan reaches $447M

For 11 months of 2018, the value of trade between Turkestan region and Uzbekistan reached $447 million, increasing by 27.7 percent year-on-year, Deputy Head of the Turkestan Regional State Revenue Department Yeldos Saudabayev has told today's briefing at the Regional Communications Service, Kazinform cites the Governor's press service.

The region's State...

For 11 months of 2018, the value of trade between Turkestan region and Uzbekistan reached $447 million, increasing by 27.7 percent year-on-year, Deputy Head of the Turkestan Regional State Revenue Department Yeldos Saudabayev has told today's briefing at the Regional Communications Service, Kazinform cites the Governor's press service.

The region's State...

14.12.2018

Mutual commodity trade between Kazakhstan and Japan reaches $1.4B

As stated at the Kazakhstan-Japan Business Forum the commodity turnover between Kazakhstan and Japan grew almost by one-half as compared to the last year, Khabar 24 reports.

Kazakh Investments and Development Vice Minister Arystan Kabikenov led the country's delegation to attend the forum. Representatives of Japan's Government and 20 large companies...

As stated at the Kazakhstan-Japan Business Forum the commodity turnover between Kazakhstan and Japan grew almost by one-half as compared to the last year, Khabar 24 reports.

Kazakh Investments and Development Vice Minister Arystan Kabikenov led the country's delegation to attend the forum. Representatives of Japan's Government and 20 large companies...

Agriculture

14.12.2018

Export prices for Kazakh wheat increase by 15.5%, barley by 14.9%

In January-October of this year, prices for exported Kazakhstan goods increased by 19.2%, imported by 7%. This is reported by the Committee on Statistics of the Ministry of National Economy of Kazakhstan.

Since the beginning of the year, the increase in prices for export deliveries by statisticians has been noted for...

In January-October of this year, prices for exported Kazakhstan goods increased by 19.2%, imported by 7%. This is reported by the Committee on Statistics of the Ministry of National Economy of Kazakhstan.

Since the beginning of the year, the increase in prices for export deliveries by statisticians has been noted for...

14.12.2018

Kazakhstan’s agro sector adopts UNDP counsels on climate change

The United Nations Development Programme’s (UNDP) new report “Climate Change Adaptation in Europe and Central Asia: Adapting to a Changing Climate for Resilient Development,” which draws on lessons learned from Kazakhstan’s wheat farming project, was presented at the Dec. 2-14 Katowice Climate Change conference in Poland.

“With impressive development progress over...

The United Nations Development Programme’s (UNDP) new report “Climate Change Adaptation in Europe and Central Asia: Adapting to a Changing Climate for Resilient Development,” which draws on lessons learned from Kazakhstan’s wheat farming project, was presented at the Dec. 2-14 Katowice Climate Change conference in Poland.

“With impressive development progress over...

14.12.2018

Global cereals benchmarks up on trade stabilisation outlook

Chicago soybean futures eased on Thursday, extending a retreat from the prior session's six-month high, as the market absorbed news of China's first major purchases of U.S. supplies since a truce was struck in the Sino-U.S. trade war.

The most-active soybean contract on the Chicago Board of Trade was down 0.2...

Chicago soybean futures eased on Thursday, extending a retreat from the prior session's six-month high, as the market absorbed news of China's first major purchases of U.S. supplies since a truce was struck in the Sino-U.S. trade war.

The most-active soybean contract on the Chicago Board of Trade was down 0.2...

Communications and Transportation

14.12.2018

Kazakhtelecom finalises Kcell stake purchase

In Astana, an agreement of Kazakhtelecom with Telia Company and Fintur Holdings BV on the acquisition of 75% of the voting shares of Kcell was signed.

The participants of the transaction, Kazakhtelecom, Telia Company and Fintur Holdings BV, signed an agreement on the acquisition by Kazakhtelecom of the total 75% stake...

In Astana, an agreement of Kazakhtelecom with Telia Company and Fintur Holdings BV on the acquisition of 75% of the voting shares of Kcell was signed.

The participants of the transaction, Kazakhtelecom, Telia Company and Fintur Holdings BV, signed an agreement on the acquisition by Kazakhtelecom of the total 75% stake...

Regional News

14.12.2018

China sees stable FDI inflows in first 11 months

Foreign direct investment (FDI) into the Chinese mainland stayed basically stable in the first 11 months of the year, the Ministry of Commerce (MOC) said Thursday.

A total of 54,703 new overseas-funded companies were established during the period, up 77.5 percent year on year, MOC data showed.

FDI from January to November...

Foreign direct investment (FDI) into the Chinese mainland stayed basically stable in the first 11 months of the year, the Ministry of Commerce (MOC) said Thursday.

A total of 54,703 new overseas-funded companies were established during the period, up 77.5 percent year on year, MOC data showed.

FDI from January to November...

14.12.2018

China's industrial sector maintains stable operation

China's industrial sector continued stable expansion in October, according to a survey by the China Federation of Industrial Economics (CFIE).

The Industrial Composite Index (ICI) came in at 52.2 in October, slightly down from 52.3 in September and 52.5 in August, according to data released by the CFIE.

A reading above 50...

China's industrial sector continued stable expansion in October, according to a survey by the China Federation of Industrial Economics (CFIE).

The Industrial Composite Index (ICI) came in at 52.2 in October, slightly down from 52.3 in September and 52.5 in August, according to data released by the CFIE.

A reading above 50...

14.12.2018

China encourages mechanised agriculture with new measures

China has decided to boost mechanised farming and the upgrading of agricultural machinery, according to the State Council's executive meeting chaired by Premier Li Keqiang on Wednesday.

The meeting said that quickening the work as required by the country's rural vitalisation strategy would provide essential support for China to achieve agricultural...

China has decided to boost mechanised farming and the upgrading of agricultural machinery, according to the State Council's executive meeting chaired by Premier Li Keqiang on Wednesday.

The meeting said that quickening the work as required by the country's rural vitalisation strategy would provide essential support for China to achieve agricultural...

14.12.2018

Rosneft to leave Iranian market amid US sanctions

Russia’s oil giant Rosneft has changed its mind on cooperating with Iran, three sources linked to the state company’s top managers told Vedomosti. Late last year, Rosneft and the National Iranian Oil Company announced plans to fulfill joint projects in oil and gas production to the tune of $30 bln...

Russia’s oil giant Rosneft has changed its mind on cooperating with Iran, three sources linked to the state company’s top managers told Vedomosti. Late last year, Rosneft and the National Iranian Oil Company announced plans to fulfill joint projects in oil and gas production to the tune of $30 bln...

14.12.2018

Alrosa rough diamond sales in 2019 could exceed projected 38 mln carats

Rough diamond sales by Alrosa in 2019 could exceed the projected production of 38 mln carats and reach 38-39 mln carats, Head of the company Sergey Ivanov told reporters on Thursday. "We will approve the next year’s budget tomorrow at the supervisory board meeting. We proceed from the assumption that...

Rough diamond sales by Alrosa in 2019 could exceed the projected production of 38 mln carats and reach 38-39 mln carats, Head of the company Sergey Ivanov told reporters on Thursday. "We will approve the next year’s budget tomorrow at the supervisory board meeting. We proceed from the assumption that...

Prices and Statistics

14.12.2018

Exchange Rates

Date: December 14, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 370.04
1 EURO EUR / KZT 420.99
1 RUSSIAN ROUBLE RUB / KZT 5.58
1 CHINESE YUAN CNY / KZT 53.82
1 KYRGYZIAN SOM KGS / KZT 5.31
1 GREAT BRITAIN POUND GBP / KZT 468.51
1 CANADIAN DOLLAR CAD / KZT 277.18
1 AUSTRALIAN DOLLAR AUD / KZT 267.61

Date: December 14, 2018; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

370.04

1 EURO

EUR / KZT

420.99

1 RUSSIAN ROUBLE

RUB / KZT

5.58

1 CHINESE YUAN

CNY / KZT

53.82

1 KYRGYZIAN SOM

KGS / KZT

5.31

1 GREAT BRITAIN POUND

GBP / KZT

468.51

1 CANADIAN DOLLAR

CAD / KZT

277.18

1 AUSTRALIAN DOLLAR

AUD / KZT

267.61

14.12.2018

Commodities

Date: December 14, 2018; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 52.36 -0.22 -0.42% Jan 2019 11:47 PM
CO1:COMBrent Crude (ICE) USD/bbl. 61.02 -0.43 -0.70% Feb 2019 11:46 PM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 146.48 -1.34 -0.91% Jan 2019 11:45 PM
NG1:COMNatural Gas (Nymex) USD/MMBtu 4.08 -0.04 -1.07% Jan 2019 11:47 PM
HO1:COMHeating Oil (Nymex) USd/gal. 186.79 -0.86 -0.46% Jan 2019 11:45 PM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,245.80 -1.60 -0.13% Feb 2019 11:46 PM
XAUUSD:CURGold Spot USD/t oz. 1,241.59 -0.40 -0.03% N/A 11:56 PM
SI1:COMSilver (Comex) USD/t oz. 14.77 -0.08 -0.57% Mar 2019 11:44 PM
HG1:COMCopper (Comex) USd/lb. 275.15 -1.55 -0.56% Mar 2019 11:46 PM
XPTUSD:CURPlatinum Spot USD/t oz. 796.11 -0.39 -0.05% N/A 11:56 PM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 383.75 -0.50 -0.13% Mar 2019 11:32 PM
W 1:COMWheat (CBOT) USd/bu. 533.00 -3.00 -0.56% Mar 2019 11:38 PM
CC1:COMCocoa (ICE) USD/MT 2,250.00 +88.00 +4.07% Mar 2019 1:29 PM
CT1:COMCotton #2 (ICE) USd/lb. 79.23 -0.18 -0.23% Mar 2019 11:16 PM
LC1:COMLive Cattle (CME) USd/lb. 122.85 -0.05 -0.04% Feb 2019 2:04 PM

Date: December 14, 2018; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 52.36 -0.22 -0.42% Jan 2019 11:47 PM
CO1:COMBrent Crude (ICE) USD/bbl. 61.02 -0.43 -0.70% Feb 2019 11:46 PM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 146.48 -1.34 -0.91% Jan 2019 11:45 PM
NG1:COMNatural Gas (Nymex) USD/MMBtu 4.08 -0.04 -1.07% Jan 2019 11:47 PM
HO1:COMHeating Oil (Nymex) USd/gal. 186.79 -0.86 -0.46% Jan 2019 11:45 PM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,245.80 -1.60 -0.13% Feb 2019 11:46 PM
XAUUSD:CURGold Spot USD/t oz. 1,241.59 -0.40 -0.03% N/A 11:56 PM
SI1:COMSilver (Comex) USD/t oz. 14.77 -0.08 -0.57% Mar 2019 11:44 PM
HG1:COMCopper (Comex) USd/lb. 275.15 -1.55 -0.56% Mar 2019 11:46 PM
XPTUSD:CURPlatinum Spot USD/t oz. 796.11 -0.39 -0.05% N/A 11:56 PM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 383.75 -0.50 -0.13% Mar 2019 11:32 PM
W 1:COMWheat (CBOT) USd/bu. 533.00 -3.00 -0.56% Mar 2019 11:38 PM
CC1:COMCocoa (ICE) USD/MT 2,250.00 +88.00 +4.07% Mar 2019 1:29 PM
CT1:COMCotton #2 (ICE) USd/lb. 79.23 -0.18 -0.23% Mar 2019 11:16 PM
LC1:COMLive Cattle (CME) USd/lb. 122.85 -0.05 -0.04% Feb 2019 2:04 PM