Issue 2906 - 18.01.2018
18.01.2018

Agreements worth $7bn signed during Nazarbayev's visit to US

A large package of documents was signed between Kazakhstan and the United States within Nursultan Nazarbayev's visit to Washington. Among them are 3 intergovernmental and more than 20 commercial agreements worth $7bn, Kazpravda reports.

The intergovernmental agreements were concluded on non-payment for air navigation services of state aircraft and on improving international tax discipline (on the exchange of tax information), as well as the protocol to the agreement on provision of commercial rail transit via Kazakhstan territory.

The package of commercial documents on investment and trade and economic cooperation concluded within the visit is worth about $7 billion.

Among them are agreements on the purchase of equipment and services in the field of aviation and space research for about $1.5 billion.

With the largest financial institutions of the USA, such as the Overseas Private Investment Corporation (OPIC), Oppenheimer and Goldman Sachs, documents were signed on the financing of joint investment projects and trade operations in the amount of $3 billion.

With the General Electric Corporation contracts on railway transport projects worth more than $1 billion were signed, with Chevron- agreement to invest $251 million in priority projects in the oil and gas chemical industry.

With W.R. Grace & Co. an agreement was signed on the construction in Atyrau of a plant for the production of catalytic cracking catalysts for domestic and foreign refineries in the amount of $200 million, with IBM – on creation of an incubator for financial technology, with the Global Venture Alliance - on creation of a fund for the digital industry, with General Electric Digital, agreements were signed on digitalization in railway transport, energy, oil refining and other sectors of the economy.

Documents were also signed in the field of agriculture, development of logistics infrastructure, pharmacy and others.

Reported by the Kazakhstanskaya Pravda.

Kazakhstan General

18.01.2018

US business interested in cooperation with Kazakhstan

During the official visit to the U.S., President of Kazakhstan Nursultan Nazarbayev met with the American business community, who showed a keen interest in expanding economic cooperation with Kazakhstan, Kazpravda.kz correspondent reports.

At the roundtable meeting with the U.S. businessmen, Nazarbayev talked about the measures taken by the state to create...

During the official visit to the U.S., President of Kazakhstan Nursultan Nazarbayev met with the American business community, who showed a keen interest in expanding economic cooperation with Kazakhstan, Kazpravda.kz correspondent reports.

At the roundtable meeting with the U.S. businessmen, Nazarbayev talked about the measures taken by the state to create...

18.01.2018

Full agenda, presidential appearance mark Kazakhstan’s January UN Security Council presidency

In what would be called a “double first,” Kazakh Ambassador to the United Nations Kairat Umarov has taken over the presidency of the United Nations Security Council, for the month of January. It was both Kazakhstan’s first such presidency and the first for any Central Asian republic since the collapse...

In what would be called a “double first,” Kazakh Ambassador to the United Nations Kairat Umarov has taken over the presidency of the United Nations Security Council, for the month of January. It was both Kazakhstan’s first such presidency and the first for any Central Asian republic since the collapse...

18.01.2018

Kazakh government presents draft plan to implement Nazarbayev’s state-of-the-nation address

The Kazakh government presented a nationwide plan Jan. 16 featuring 87 measures meant to implement 10 key directions in the recent state-of-the-nation address by President Nursultan Nazarbayev, which focused on new opportunities for development amidst the fourth industrial revolution.

Addressing the government, Kazakh Minister for National Economy Timur Suleimenov stressed the...

The Kazakh government presented a nationwide plan Jan. 16 featuring 87 measures meant to implement 10 key directions in the recent state-of-the-nation address by President Nursultan Nazarbayev, which focused on new opportunities for development amidst the fourth industrial revolution.

Addressing the government, Kazakh Minister for National Economy Timur Suleimenov stressed the...

18.01.2018

Frosty weather without precipitation expected in Kazakhstan on epiphany

According to Kazhydromet RSE, frosty weather without precipitation is expected in Kazakhstan from 18 to 20 January, Kazpravda.kz reports.

"In the next three days, the southeastern periphery of a Siberian anticyclone will dominate over most of Kazakhstan. Under its influence, the weather is expected to be chiefly without precipitation, but with...

According to Kazhydromet RSE, frosty weather without precipitation is expected in Kazakhstan from 18 to 20 January, Kazpravda.kz reports.

"In the next three days, the southeastern periphery of a Siberian anticyclone will dominate over most of Kazakhstan. Under its influence, the weather is expected to be chiefly without precipitation, but with...

Oil and Gas Sector

18.01.2018

Oil production at Kashagan to grow 33% to 11 million tons in 2018

Kazakhstan will increase its oil and gas concentrate production in 2018 by 1% to 87 million tons.

In 2017, oil production in Kazakhstan was 86.2 million ton, the energy ministry told Reuters on Tuesday.

Oil production at its giant Kashagan oil field will rise by 33% to 11 million tons this year,...

Kazakhstan will increase its oil and gas concentrate production in 2018 by 1% to 87 million tons.

In 2017, oil production in Kazakhstan was 86.2 million ton, the energy ministry told Reuters on Tuesday.

Oil production at its giant Kashagan oil field will rise by 33% to 11 million tons this year,...

18.01.2018

Oil spill from Uzen-Atyrau-Samara pipeline eliminated

KazTransOil JSC promptly liquidated the oil spill from the Uzen-Atyrau-Samara pipeline, Kazpravda.kz reports.

"As a result of the opening of the discharge valve, oil got into the drainage tank and to the snowy ground. At the present time, all the oil contaminated soil has been collected," the company’s press release says.

No...

KazTransOil JSC promptly liquidated the oil spill from the Uzen-Atyrau-Samara pipeline, Kazpravda.kz reports.

"As a result of the opening of the discharge valve, oil got into the drainage tank and to the snowy ground. At the present time, all the oil contaminated soil has been collected," the company’s press release says.

No...

18.01.2018

Dividend on shares of KazTransOil may amount to 160-165 tenge

Five years have passed since the KazTransOil (KTO) company offered its shares in the secondary market through the People's IPO. Since the permission of KTO in 2012 to publicly place its securities, its investors had to be pretty nervous. There was a period when common shares of the company traded...

Five years have passed since the KazTransOil (KTO) company offered its shares in the secondary market through the People's IPO. Since the permission of KTO in 2012 to publicly place its securities, its investors had to be pretty nervous. There was a period when common shares of the company traded...

18.01.2018

Grace Signs Investment Framework to Support FCC Refining Industry in Kazakhstan

W. R. Grace & Co. (NYSE:GRA) has signed an investment framework agreement with 1) KazMunayGas, Kazakhstan’s national operator for exploration, production, refining, and transportation of hydrocarbons, representing the state in Kazakhstan’s petroleum sector; and 2) United Chemical Company LLP, operator of Kazakhstan’s State Program on Accelerated Industrial and Innovative Development...

W. R. Grace & Co. (NYSE:GRA) has signed an investment framework agreement with 1) KazMunayGas, Kazakhstan’s national operator for exploration, production, refining, and transportation of hydrocarbons, representing the state in Kazakhstan’s petroleum sector; and 2) United Chemical Company LLP, operator of Kazakhstan’s State Program on Accelerated Industrial and Innovative Development...

18.01.2018

Med Crude-Urals stable as traders await more February loading dates

Kazakhstan’s benchmark Urals crude’s differentials were little changed Wednesday as traders waited to see more loading dates from the February lifting plan to spur some spot tenders, trade sources said.

Weak refining margins weighed on the market, they said. Complex oil plants cracking Urals in the Mediterranean stood to make a...

Kazakhstan’s benchmark Urals crude’s differentials were little changed Wednesday as traders waited to see more loading dates from the February lifting plan to spur some spot tenders, trade sources said.

Weak refining margins weighed on the market, they said. Complex oil plants cracking Urals in the Mediterranean stood to make a...

18.01.2018

Oil gives up early gains, but market still well supported

Oil prices gave up some early gains on Wednesday as analysts warned of a downward correction, but remained well supported on the back of tightening supply and strong global demand.

Tighter fundamentals have lifted both crude futures benchmarks about 13 per cent above levels in early December, helped by production curbs...

Oil prices gave up some early gains on Wednesday as analysts warned of a downward correction, but remained well supported on the back of tightening supply and strong global demand.

Tighter fundamentals have lifted both crude futures benchmarks about 13 per cent above levels in early December, helped by production curbs...

Finance and Investment

18.01.2018

Online microcredit business in Kazakhstan poised to multiply

The growth of the online micro-credit market this year could be 200-300% up to KZT100 billion. The executive director of the Kazakhstan association FinTech Yerlan Smailov shared this forecast with Kapital.

"If the conditions in the online micro-credit market do not change, meaning that it will not be regulated and will...

The growth of the online micro-credit market this year could be 200-300% up to KZT100 billion. The executive director of the Kazakhstan association FinTech Yerlan Smailov shared this forecast with Kapital.

"If the conditions in the online micro-credit market do not change, meaning that it will not be regulated and will...

18.01.2018

Azerbaijan`s investments in Kazakhstan over past 10 years made up $168 mln - Kazakh Minister of Finance

Azerbaijan`s investments in Kazakhstan for the past 10 years amounted to $168 million, while Kazakhstan invested approximately $20 million in Azerbaijan, Kazakhstan`s Minister of Finance, Bakhyt Sultanov, said during a meeting of Kazakhstan`s parliament.

During the meeting, Kazakhtan`s parliament ratified the protocol between the governments of Azerbaijan and Kazakhstan on avoidance...

Azerbaijan`s investments in Kazakhstan for the past 10 years amounted to $168 million, while Kazakhstan invested approximately $20 million in Azerbaijan, Kazakhstan`s Minister of Finance, Bakhyt Sultanov, said during a meeting of Kazakhstan`s parliament.

During the meeting, Kazakhtan`s parliament ratified the protocol between the governments of Azerbaijan and Kazakhstan on avoidance...

18.01.2018

Kazakh President meets with heads of Nasdaq, Goldman Sachs and ExxonMobil

President Nursultan Nazarbayev held a number of meetings in New York, the Akorda press service reports.

During his meeting with the President and Chief Executive Officer of Nasdaq, Adena Friedman, the Head of State welcomed the exchange's decision to participate in the Astana International Financial Center, noting that Nasdaq's involvement in...

President Nursultan Nazarbayev held a number of meetings in New York, the Akorda press service reports.

During his meeting with the President and Chief Executive Officer of Nasdaq, Adena Friedman, the Head of State welcomed the exchange's decision to participate in the Astana International Financial Center, noting that Nasdaq's involvement in...

18.01.2018

Int’l Bank of Azerbaijan’s debt to Kazakhstan extended for 15 years

The debt of International Bank of Azerbaijan to Kazakhstan has been extended for the period of 15 years.

Finance Minister Bakhyt Sultanov of Kazakhstan has claimed that Kazakhstan has not lost those money, but there was a risk of loss if the IBA actually would have gone bankrupt indeed.

"As a result,...

The debt of International Bank of Azerbaijan to Kazakhstan has been extended for the period of 15 years.

Finance Minister Bakhyt Sultanov of Kazakhstan has claimed that Kazakhstan has not lost those money, but there was a risk of loss if the IBA actually would have gone bankrupt indeed.

"As a result,...

Metals and Minerals

18.01.2018

Salaries of ArcelorMittal Temirtau miners raised: Company

Salaries of the employees of the ArcelorMittal Temirtau are raised starting 1 January 2018, the company said in a statement Wednesday.

The salaries of the underground coal miners of the ArcelorMittal Temirtau and iron ore miners of the Atasu LLP Orken will be raised by 30% plus wage indexation of 3.55%...

Salaries of the employees of the ArcelorMittal Temirtau are raised starting 1 January 2018, the company said in a statement Wednesday.

The salaries of the underground coal miners of the ArcelorMittal Temirtau and iron ore miners of the Atasu LLP Orken will be raised by 30% plus wage indexation of 3.55%...

18.01.2018

Central Asia Metals reports output in line with expectations

Central Asia Metals PLC said on Monday that copper production at the Kounrad plant, in Kazakhstan, was at the top end of expectations, and that metal production at the Sasa zinc-lead mine, in Macedonia, was also in line with expectations.

The AIM-listed miner said that Kounrad produced 14,103 tonnes of copper...

Central Asia Metals PLC said on Monday that copper production at the Kounrad plant, in Kazakhstan, was at the top end of expectations, and that metal production at the Sasa zinc-lead mine, in Macedonia, was also in line with expectations.

The AIM-listed miner said that Kounrad produced 14,103 tonnes of copper...

18.01.2018

IMH Enterprises in the leaders of the environmental rating of Interfax-ERA 2017

Enterprises of the Industrial Metallurgical Holding (IMH) took the first place in their sectors in the annual rating of environmental and energy efficiency, compiled by Interfax-ERA. To calculate the rating, the agency used such indicators as electricity, heat, water and fuel costs, emissions, investments in environmental measures, etc.

Combine KMAruda won...

Enterprises of the Industrial Metallurgical Holding (IMH) took the first place in their sectors in the annual rating of environmental and energy efficiency, compiled by Interfax-ERA. To calculate the rating, the agency used such indicators as electricity, heat, water and fuel costs, emissions, investments in environmental measures, etc.

Combine KMAruda won...

18.01.2018

SUCCI organises visit of Chelyabinsk entrepreneurs to Kazakhstan

From January 30 to February 2, 2018, Chelyabinsk entrepreneurs will visit Kazakhstan. The trip is organised by the South Urals Chamber of Commerce and Industry (SUCCI).

According to the press service of the SUCCI, the main event of the business mission will be the visit of the International Centre of Boundary...

From January 30 to February 2, 2018, Chelyabinsk entrepreneurs will visit Kazakhstan. The trip is organised by the South Urals Chamber of Commerce and Industry (SUCCI).

According to the press service of the SUCCI, the main event of the business mission will be the visit of the International Centre of Boundary...

18.01.2018

RZhD Logistics carries out delivery of long rails from Kazakhstan to Russia

RZhD Logistics in the shortest time realised a complex delivery of 100-meter rails with a total weight of 7.5 thousand tonnes from Kazakhstan to Russia for the needs of Russian Railways (RZhD). The project was implemented in close cooperation with the Central Directorate for Traffic Management, Transport Service Centre, Central...

RZhD Logistics in the shortest time realised a complex delivery of 100-meter rails with a total weight of 7.5 thousand tonnes from Kazakhstan to Russia for the needs of Russian Railways (RZhD). The project was implemented in close cooperation with the Central Directorate for Traffic Management, Transport Service Centre, Central...

18.01.2018

Nornickel invests $1.7 million in Kola Mining and Metallurgical Company’s modernisation

The Norilsk Nickel Company (Nornickel) invested 100 million rouble ($1.7 million) in modernisation of the Kola Mining and Metallurgical Company’s (Kola MMC) container facility to optimise the products’ uploading there, Kola MMC’s press service said on Wednesday.

"Nornickel’s investments in the project are about 100 million rouble," the company said.

This facility...

The Norilsk Nickel Company (Nornickel) invested 100 million rouble ($1.7 million) in modernisation of the Kola Mining and Metallurgical Company’s (Kola MMC) container facility to optimise the products’ uploading there, Kola MMC’s press service said on Wednesday.

"Nornickel’s investments in the project are about 100 million rouble," the company said.

This facility...

18.01.2018

Shanghai aluminium prices slip as ingot flows improve

BASE METALS PRICES                        0809 GMT

 Three month LME copper                        7067

 Most active ShFE copper                      53570

 Three month LME aluminium                     2187

 Most active ShFE aluminium                   14630

 Three month LME zinc                          3397

 Most active ShFE zinc                        26055

 Three month LME lead                        2555.5

 Most active ShFE lead                        19130

 Three month LME nickel                       12495

 Most active ShFE nickel                      96940

 Three month LME tin                          20465

 Most active...

BASE METALS PRICES                        0809 GMT

 Three month LME copper                        7067

 Most active ShFE copper                      53570

 Three month LME aluminium                     2187

 Most active ShFE aluminium                   14630

 Three month LME zinc                          3397

 Most active ShFE zinc                        26055

 Three month LME lead                        2555.5

 Most active ShFE lead                        19130

 Three month LME nickel                       12495

 Most active ShFE nickel                      96940

 Three month LME tin                          20465

 Most active...

18.01.2018

Global gold prices inch up as dollar hits three-year lows

Gold prices reversed early gains to trade slightly lower on Wednesday as the US dollar recovered from a three-year low against a basket of currencies.

Spot gold was down 0.3% at $1,334.86 an ounce by 1.12pm, after rising to $1,343.91 earlier in the session. It touched its strongest since 8 September...

Gold prices reversed early gains to trade slightly lower on Wednesday as the US dollar recovered from a three-year low against a basket of currencies.

Spot gold was down 0.3% at $1,334.86 an ounce by 1.12pm, after rising to $1,343.91 earlier in the session. It touched its strongest since 8 September...

Trade and Consumer Goods

18.01.2018

Over the past year 7 395 heads of breeding cattle were imported to Kazakhstan

According to information published on the website of the Ministry of Agriculture of the Republic of Kazakhstan, according to operational information received from the regional territorial inspectorates of the State Inspectorate Committee in the agro-industrial complex, 7,395 heads of breeding cattle for production of milk and meat were brought to...

According to information published on the website of the Ministry of Agriculture of the Republic of Kazakhstan, according to operational information received from the regional territorial inspectorates of the State Inspectorate Committee in the agro-industrial complex, 7,395 heads of breeding cattle for production of milk and meat were brought to...

18.01.2018

Kazakh national company for the period of 2017 exported more than 120 thousand tonnes of grain and oilseeds

According to the results of activity for 2017, the Kazakh public company Food Corporation exported more than 120 thousand tonnes of grain and oilseeds to countries near and far abroad.

As specified on the website of the national company, exports include over 56,000 tonnes of barley to Iran over the past...

According to the results of activity for 2017, the Kazakh public company Food Corporation exported more than 120 thousand tonnes of grain and oilseeds to countries near and far abroad.

As specified on the website of the national company, exports include over 56,000 tonnes of barley to Iran over the past...

18.01.2018

Global agro markets: wheat languishes near 1-month low on supply pressure; soyabeans ease

Chicago wheat futures were little changed on Wednesday, with the market trading near last session's one-month low as ample global supplies and higher than previously expected U.S. winter crop planting kept a lid on

prices.

Soyabeans ticked lower, giving up some of the gains recorded in the previous session which had lifted...

Chicago wheat futures were little changed on Wednesday, with the market trading near last session's one-month low as ample global supplies and higher than previously expected U.S. winter crop planting kept a lid on

prices.

Soyabeans ticked lower, giving up some of the gains recorded in the previous session which had lifted...

18.01.2018

Self-employed workforce formalised, targeted social assistance ensured following President’s address

The allocation and payment of targeted social assistance began from Jan. 1, Kazakhstan’s Minister of Labour and Social Protection Tamara Duissenova said Jan. 16 during a weekly government meeting.

Over the past three years, significant work has been done on ensuring the adequate provision of social assistance. In late 2017, social...

The allocation and payment of targeted social assistance began from Jan. 1, Kazakhstan’s Minister of Labour and Social Protection Tamara Duissenova said Jan. 16 during a weekly government meeting.

Over the past three years, significant work has been done on ensuring the adequate provision of social assistance. In late 2017, social...

Communications and Transportation

18.01.2018

U.S. may ship special cargo to Afghanistan through Aktau and Kuryk ports

A bill has been submitted to the Parliament of Kazakhstan, which will ratify the protocol with amendments to the agreement between the governments of Kazakhstan and the U.S., Kazinform reports.

In particular, the document provides for commercial rail transit of special cargo through the territory of Kazakhstan, as the U.S. is...

A bill has been submitted to the Parliament of Kazakhstan, which will ratify the protocol with amendments to the agreement between the governments of Kazakhstan and the U.S., Kazinform reports.

In particular, the document provides for commercial rail transit of special cargo through the territory of Kazakhstan, as the U.S. is...

18.01.2018

Kazakh aviation committee to conduct 434 flight safety inspections in 2018

In 2018, the Civil Aviation Committee of Kazakhstan will conduct 59 certifications and 434 inspections of air transport operators as part of flight safety monitoring, Kazinform reports.

"In accordance with Item 1 of Article 16-2 of the Law "On use of the airspace of the Republic of Kazakhstan and aviation activities",...

In 2018, the Civil Aviation Committee of Kazakhstan will conduct 59 certifications and 434 inspections of air transport operators as part of flight safety monitoring, Kazinform reports.

"In accordance with Item 1 of Article 16-2 of the Law "On use of the airspace of the Republic of Kazakhstan and aviation activities",...

18.01.2018

Pratt engine powers Kazakhstan airline's new aircraft

East Hartford aerospace manufacturer Pratt & Whitney and Kazakhstan airline Air Astana said Wednesday the airline's first Airbus A321neo jet is powered by Pratt's geared turbofan (GTF) engines.

The jet arrived at the airline's hub in Almaty, Kazakhstan on Dec. 30 and began passenger service Tuesday, Pratt said.

Delivery of 17 GTF-powered...

East Hartford aerospace manufacturer Pratt & Whitney and Kazakhstan airline Air Astana said Wednesday the airline's first Airbus A321neo jet is powered by Pratt's geared turbofan (GTF) engines.

The jet arrived at the airline's hub in Almaty, Kazakhstan on Dec. 30 and began passenger service Tuesday, Pratt said.

Delivery of 17 GTF-powered...

18.01.2018

GE Transportation signs locomotive and service agreements valued over $900 million in Kazakhstan

GE Transportation (NYSE:GE) signed two contracts, valued at over $900 million, with Kazakhstan’s state-run railroad Kazakhstan Temir Zholy (KTZ)—the company’s largest international rail customer—as part of its long-term commitment to develop the country’s railway infrastructure. The contracts include the delivery of 300 shunter locomotives and an 18-year...

GE Transportation (NYSE:GE) signed two contracts, valued at over $900 million, with Kazakhstan’s state-run railroad Kazakhstan Temir Zholy (KTZ)—the company’s largest international rail customer—as part of its long-term commitment to develop the country’s railway infrastructure. The contracts include the delivery of 300 shunter locomotives and an 18-year service agreement to...

18.01.2018

Kazakhstan hydrometeorologic service launches air quality mobile app

The Kazakhstan state hydrometeorologic service has launched a mobile application called AirKz, reports Profit.kz. The application will monitor air quality. Users can access the air quality information for 46 settlements.

The app can identify the most frequent types of air pollution by toxic materials. 

Reported by the Telecom Paper.

...

The Kazakhstan state hydrometeorologic service has launched a mobile application called AirKz, reports Profit.kz. The application will monitor air quality. Users can access the air quality information for 46 settlements.

The app can identify the most frequent types of air pollution by toxic materials. 

Reported by the Telecom Paper.

...

Education and Science

18.01.2018

Kazakh, Uzbek scientists meet in Almaty

Kazakh and Uzbek scientists, including sociologists and culturologists, joined by their Russian colleagues, met in Almaty to discuss the role of the Silk Road as well as the issues of spiritual revival, Kazinform reports.  

According to the director of the Altyn kopir foundation, Alima Sadykova, the event during which scientists exchanged experience...

Kazakh and Uzbek scientists, including sociologists and culturologists, joined by their Russian colleagues, met in Almaty to discuss the role of the Silk Road as well as the issues of spiritual revival, Kazinform reports.  

According to the director of the Altyn kopir foundation, Alima Sadykova, the event during which scientists exchanged experience...

Regional News

18.01.2018

China takes more measures to encourage entrepreneurship in rural areas

China will take more measures to support rural startups in order to boost rural development, the State Council said Wednesday.

The government will roll out favorable policies to encourage migrant workers, college graduates, and veteran soldiers to return to the countryside and start businesses, according to a statement released after an...

China will take more measures to support rural startups in order to boost rural development, the State Council said Wednesday.

The government will roll out favorable policies to encourage migrant workers, college graduates, and veteran soldiers to return to the countryside and start businesses, according to a statement released after an...

18.01.2018

China's local gov'ts debt balance within targeted ceiling in 2017

The balance of local government debt stood at 16.5 trillion yuan (2.6 trillion U.S. dollars) by the end of 2017, below the government ceiling of 18.8 trillion yuan, official data showed Wednesday.

China's local governments raised 4.4 trillion yuan through debt issues in 2017, with general bonds and special bonds reaching...

The balance of local government debt stood at 16.5 trillion yuan (2.6 trillion U.S. dollars) by the end of 2017, below the government ceiling of 18.8 trillion yuan, official data showed Wednesday.

China's local governments raised 4.4 trillion yuan through debt issues in 2017, with general bonds and special bonds reaching...

18.01.2018

China's petrochemical sector profit up 30 pct

China's petrochemical industry profit in 2017 grew at the fastest pace in six years, according to the China Petroleum and Chemical Industry Federation on Wednesday.

The sector's 2017 profit is estimated to exceed 850 billion yuan (about 130 billion U.S. dollars), up 30 percent.

Revenue from core operations totaled 14.5 trillion yuan...

China's petrochemical industry profit in 2017 grew at the fastest pace in six years, according to the China Petroleum and Chemical Industry Federation on Wednesday.

The sector's 2017 profit is estimated to exceed 850 billion yuan (about 130 billion U.S. dollars), up 30 percent.

Revenue from core operations totaled 14.5 trillion yuan...

18.01.2018

Chinese media explain how Russia & China can escape 'dollar domination'

Chinese business news and analysis portal BWChinese has outlined how, in addition to the petro-yuan, China and its Russian partners can go about creating a real global alternative to the US dollar.

According to the portal, China and Russia's use of yuan-denominated crude oil futures will help promote the ascendency of the renminbi. And...

Chinese business news and analysis portal BWChinese has outlined how, in addition to the petro-yuan, China and its Russian partners can go about creating a real global alternative to the US dollar.

According to the portal, China and Russia's use of yuan-denominated crude oil futures will help promote the ascendency of the renminbi. And...

18.01.2018

Russian budget can show surplus in 2018

The Russian budget can have surplus already this year, while deficit was 1.5% of GDP as of 2017 year-end, Minister Anton Siluanov said on Wednesday.

"Our deficit is 1.5% of GDP in 2017," the minister said. "This year we plan [to have deficit - TASS] of 1.3% of GDP but if...

The Russian budget can have surplus already this year, while deficit was 1.5% of GDP as of 2017 year-end, Minister Anton Siluanov said on Wednesday.

"Our deficit is 1.5% of GDP in 2017," the minister said. "This year we plan [to have deficit - TASS] of 1.3% of GDP but if...

18.01.2018

Russia: 95% of winter crops areas in good condition – Ministry of Agriculture

To date, nearly 95% of winter crops areas in Russia were rated as good condition, declared the First Deputy Minister of Agriculture of the Russian Federation, Jambulat Khatuov on January 16.

At the same time, forecasts of the Hydrometeorological Centre of Russia were not very good. Several regions have certain risks,...

To date, nearly 95% of winter crops areas in Russia were rated as good condition, declared the First Deputy Minister of Agriculture of the Russian Federation, Jambulat Khatuov on January 16.

At the same time, forecasts of the Hydrometeorological Centre of Russia were not very good. Several regions have certain risks,...

18.01.2018

Uzbekistan produces 2.7 trillion soum worth chemical products in 2017

Enterprises operating within the structure of JSC Uzkimyosanoat produced 2.7 trillion soum worth products in 2017.

Production of mineral fertilisers for the period amounted to 1.14 million tonnes (100% nutrient), including:

nitrogen fertilisers – 854.81 thousand tons;

phosphate fertilisers – 119.09 thousand tons;

potash – 168 thousand tons.

Export forecast was performed by 129%.

Posted by...

Enterprises operating within the structure of JSC Uzkimyosanoat produced 2.7 trillion soum worth products in 2017.

Production of mineral fertilisers for the period amounted to 1.14 million tonnes (100% nutrient), including:

nitrogen fertilisers – 854.81 thousand tons;

phosphate fertilisers – 119.09 thousand tons;

potash – 168 thousand tons.

Export forecast was performed by 129%.

Posted by...

18.01.2018

Production of aluminum profiles launched at FEZ Navoi

Green Line Profile implemented a project on production of various types and sizes of aluminum profiles at free economic zone “Navoi”.

The cost of the project is US$32.5 million. The project was financed by the company’s own funds for US$22.2 million, foreign direct investment by US$5 million, and loans from banks...

Green Line Profile implemented a project on production of various types and sizes of aluminum profiles at free economic zone “Navoi”.

The cost of the project is US$32.5 million. The project was financed by the company’s own funds for US$22.2 million, foreign direct investment by US$5 million, and loans from banks...

18.01.2018

Uzbekistan`s net gold and currency reserves reach $26.6 billion

The Central Bank of Uzbekistan summed up the monetary and banking sector following 2017 results.

According to the data, the Bank's assets   in the first half of 2017 increased by 26% or 19.3 trillion soum, including credit investments – 34% or 17.3 trillion. soum.

Credit growth was mainly observed in the...

The Central Bank of Uzbekistan summed up the monetary and banking sector following 2017 results.

According to the data, the Bank's assets   in the first half of 2017 increased by 26% or 19.3 trillion soum, including credit investments – 34% or 17.3 trillion. soum.

Credit growth was mainly observed in the...

18.01.2018

Tajikistan's GDP growth in 2017 announced

GDP growth in Tajikistan amounted to 7.1 percent or $6.9 million in 2017, according to the Statistics Agency under the President of Tajikistan.

Agriculture, hunting, forestry, fishing and fish farming still prevail in the country making 21.1 percent of the total GDP.

Compared to 2016, the share of agriculture in GDP structure...

GDP growth in Tajikistan amounted to 7.1 percent or $6.9 million in 2017, according to the Statistics Agency under the President of Tajikistan.

Agriculture, hunting, forestry, fishing and fish farming still prevail in the country making 21.1 percent of the total GDP.

Compared to 2016, the share of agriculture in GDP structure...

18.01.2018

Tajikistan’s exports on the increase

The volume of foreign trade turnover of Tajikistan in January-December 2017 amounted to $3.9 billion, thus showing an increase of 1.1 percent, according to the Statistics Agency under the President of Tajikistan.

The volume of exports in the reporting period increased by 33.3 percent compared to 2016. Export grew by $1.2...

The volume of foreign trade turnover of Tajikistan in January-December 2017 amounted to $3.9 billion, thus showing an increase of 1.1 percent, according to the Statistics Agency under the President of Tajikistan.

The volume of exports in the reporting period increased by 33.3 percent compared to 2016. Export grew by $1.2...

18.01.2018

Government of Tajikistan and World Bank sign new project to improve irrigation and food security

The Government of Tajikistan and the World Bank on January 16 signed a US$16.5 million grant agreement for the Zarafshon Irrigation Rehabilitation and Management Improvement Project aimed at rehabilitating and improving irrigation management in Tajikista, the World Bank reported.

The project, financed by a Trust Fund of the European Union (EU),...

The Government of Tajikistan and the World Bank on January 16 signed a US$16.5 million grant agreement for the Zarafshon Irrigation Rehabilitation and Management Improvement Project aimed at rehabilitating and improving irrigation management in Tajikista, the World Bank reported.

The project, financed by a Trust Fund of the European Union (EU),...

18.01.2018

President of Turkmenistan instructs to expand crop lands to grow fruits and vegetables

President of Turkmenistan Gurbanguly Berdymukhammedov held a video working conference with provincial governors and district heads of the capital in attendance.

“The head of state emphasized the importance of following scientific recommendations to carry out seasonal field works as well as proper preparation of land to sow cotton and other crops,”...

President of Turkmenistan Gurbanguly Berdymukhammedov held a video working conference with provincial governors and district heads of the capital in attendance.

“The head of state emphasized the importance of following scientific recommendations to carry out seasonal field works as well as proper preparation of land to sow cotton and other crops,”...

18.01.2018

Turkmenistan shifts management in state road enterprise

Mergengeldy Khojaev has been appointed as deputy chairman of the Turkmen Highways (Türkmenawtoýollary) State Concern, according to a presidential decree.

Currently, the state concern is building the Turkmenbashi-Farap and Ashgabat-Dashoguz highways, which will allow linking various regions of the country, as well as increasing the level of passenger and cargo transportation.

Local...

Mergengeldy Khojaev has been appointed as deputy chairman of the Turkmen Highways (Türkmenawtoýollary) State Concern, according to a presidential decree.

Currently, the state concern is building the Turkmenbashi-Farap and Ashgabat-Dashoguz highways, which will allow linking various regions of the country, as well as increasing the level of passenger and cargo transportation.

Local...

Prices and Statistics

18.01.2018

Commodities

Date: January 18, 2018; Source: Bloomberg.com  Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 64.16 +0.19 +0.30% Feb 2018 12:35 AM
CO1:COMBrent Crude (ICE) USD/bbl. 69.46 +0.08 +0.12% Mar 2018 12:34 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 187.05 +1.21 +0.65% Feb 2018 12:30 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.24 +0.01 +0.19% Feb 2018 12:35 AM
HO1:COMHeating Oil (Nymex) USd/gal. 206.98 +0.07 +0.03% Feb 2018 12:34 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,327.70 -11.50 -0.86% Feb 2018 12:35 AM
XAUUSD:CURGold Spot USD/t oz. 1,327.69 +0.85 +0.06% N/A 12:45 AM
SI1:COMSilver (Comex) USD/t oz. 17.04 -0.13 -0.76% Mar 2018 12:34 AM
HG1:COMCopper (Comex) USd/lb. 320.50 +1.60 +0.50% Mar 2018 12:35 AM
XPTUSD:CURPlatinum Spot USD/t oz. 999.38 -1.16 -0.12% N/A 12:45 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 352.50 -0.50 -0.14% Mar 2018 12:35 AM
W 1:COMWheat (CBOT) USd/bu. 422.00 +0.50 +0.12% Mar 2018 12:35 AM
CC1:COMCocoa (ICE) USD/MT 1,985.00 +53.00 +2.74% Mar 2018 1/17/2018
CT1:COMCotton #2 (ICE) USd/lb. 82.57 +0.43 +0.52% Mar 2018 12:27 AM
LC1:COMLive Cattle (CME) USd/lb. 122.78 +2.40 +1.99% Apr 2018 1/17/2018

Date: January 18, 2018; Source: Bloomberg.com 

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 64.16 +0.19 +0.30% Feb 2018 12:35 AM
CO1:COMBrent Crude (ICE) USD/bbl. 69.46 +0.08 +0.12% Mar 2018 12:34 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 187.05 +1.21 +0.65% Feb 2018 12:30 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.24 +0.01 +0.19% Feb 2018 12:35 AM
HO1:COMHeating Oil (Nymex) USd/gal. 206.98 +0.07 +0.03% Feb 2018 12:34 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,327.70 -11.50 -0.86% Feb 2018 12:35 AM
XAUUSD:CURGold Spot USD/t oz. 1,327.69 +0.85 +0.06% N/A 12:45 AM
SI1:COMSilver (Comex) USD/t oz. 17.04 -0.13 -0.76% Mar 2018 12:34 AM
HG1:COMCopper (Comex) USd/lb. 320.50 +1.60 +0.50% Mar 2018 12:35 AM
XPTUSD:CURPlatinum Spot USD/t oz. 999.38 -1.16 -0.12% N/A 12:45 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 352.50 -0.50 -0.14% Mar 2018 12:35 AM
W 1:COMWheat (CBOT) USd/bu. 422.00 +0.50 +0.12% Mar 2018 12:35 AM
CC1:COMCocoa (ICE) USD/MT 1,985.00 +53.00 +2.74% Mar 2018 1/17/2018
CT1:COMCotton #2 (ICE) USd/lb. 82.57 +0.43 +0.52% Mar 2018 12:27 AM
LC1:COMLive Cattle (CME) USd/lb. 122.78 +2.40 +1.99% Apr 2018 1/17/2018
18.01.2018

Exchange Rates

Date: January 18, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 327.1
1 EURO EUR / KZT 400.53
1 RUSSIAN ROUBLE RUB / KZT 5.78
1 CHINESE YUAN CNY / KZT 50.84
1 KYRGYZIAN SOM KGS / KZT 4.72
1 CANADIAN DOLLAR CAD / KZT 262.86
1 AUSTRALIAN DOLLAR AUD / KZT 260.93

Date: January 18, 2018; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

327.1

1 EURO

EUR / KZT

400.53

1 RUSSIAN ROUBLE

RUB / KZT

5.78

1 CHINESE YUAN

CNY / KZT

50.84

1 KYRGYZIAN SOM

KGS / KZT

4.72

1 CANADIAN DOLLAR

CAD / KZT

262.86

1 AUSTRALIAN DOLLAR

AUD / KZT

260.93