Issue 3151 - 18.01.2019
18.01.2019

Nur Otan Party to hold its 18th congress in Astana

The 18th Regular Congress of the Nur Otan Party will be held in Astana on February 27, First Deputy Chairman of the party Maulen Ashimbayev informed on social media, Kazinform reports.

"Dear friends, I would like to inform you that the 18th Regular Congress of the Nur Otan Party will take place in Astana on February 27. The respective resolution has been signed today by the Head of State, the Chairman of the party, Nursultan Nazarbayev," Ashimbayev says. According to him, the Congress is timed to the 20th Anniversary of the Nur Otan Party.

"At the congress, we are going to consider a new 2030 Program of the party, amendments to the Party Charter, party bodies' reports, and to elect new members of the party's Political Council. I am sure that the Congress will be a key event in the year, which marks the 20th Anniversary of the Nur Otan Party, and will give a powerful boost to the further modernization of our political organization by defining the content and ideological agenda of the party for the coming years," concluded Maulen Ashimbayev.

By KazInform.

Kazakhstan General

18.01.2019

AFK researches how accurate economic forecasts in Kazakhstan are

Starting from July 2017, AFK started collecting forecasts on a monthly basis from the expert community on the well-known and repeated indicators.

It is about forecasts for the rate of the US dollar to the tenge and the Russian rouble (USDKZT, USDRUB), the rouble against the tenge (RUBKZT), the cost of...

Starting from July 2017, AFK started collecting forecasts on a monthly basis from the expert community on the well-known and repeated indicators.

It is about forecasts for the rate of the US dollar to the tenge and the Russian rouble (USDKZT, USDRUB), the rouble against the tenge (RUBKZT), the cost of...

18.01.2019

Kazakhstan's energy and infrastructure projects discussed in London

Developments and trends in Kazakhstan's energy and infrastructure were the main topics of discussion at a networking event organised by the British-Kazakhstan Society and the Fieldfisher LLP international law firm in London.

Campbell Keir, Deputy Director for Energy and Infrastructure at the UK Department for International Trade, gave a keynote speech...

Developments and trends in Kazakhstan's energy and infrastructure were the main topics of discussion at a networking event organised by the British-Kazakhstan Society and the Fieldfisher LLP international law firm in London.

Campbell Keir, Deputy Director for Energy and Infrastructure at the UK Department for International Trade, gave a keynote speech...

18.01.2019

Kazakhstan posted record year in 2018 in terms of housing

In 2018, 38,250 Kazakhstani families were provided with housing, while every fourth loan was issued within the framework of the State Housing Program Nurly Zher. This was announced today at a press conference in the Government by the Chairman of the JSC Housing Construction Savings Bank of Kazakhstan Lyazzat Ibragimova.

“For...

In 2018, 38,250 Kazakhstani families were provided with housing, while every fourth loan was issued within the framework of the State Housing Program Nurly Zher. This was announced today at a press conference in the Government by the Chairman of the JSC Housing Construction Savings Bank of Kazakhstan Lyazzat Ibragimova.

“For...

18.01.2019

New approaches towards ‘Rukhani Zhangyru’ program’s implementation presented in Astana

Vice Minister of Social Development Zhuldyz Omarbekova underlines the program’s special significance. 

On 16 January the Nur Otan party’s central office presented the new approaches towards implementation of the Rukhani Zhangyru program at the event held by the Ministry of Social Development, a press office of the Ministry of Social Development informs.

“Historical...

Vice Minister of Social Development Zhuldyz Omarbekova underlines the program’s special significance. 

On 16 January the Nur Otan party’s central office presented the new approaches towards implementation of the Rukhani Zhangyru program at the event held by the Ministry of Social Development, a press office of the Ministry of Social Development informs.

“Historical...

18.01.2019

Private helicopter crashes in Almaty

A private helicopter has crashed on January 17 in the territory of Alatau health center in Almaty. The Emergency Situations Committee of the Kazakh Interior Ministry confirmed the information. 

Eurocopter 130 belonging to Sky Service Air Company crashed today at 04:05 p.m. in the open territory of Alatau health center. The...

A private helicopter has crashed on January 17 in the territory of Alatau health center in Almaty. The Emergency Situations Committee of the Kazakh Interior Ministry confirmed the information. 

Eurocopter 130 belonging to Sky Service Air Company crashed today at 04:05 p.m. in the open territory of Alatau health center. The...

Oil and Gas Sector

18.01.2019

Kashagan to remain dry for 1.5 month

Oil production at the Kashagan oil and gas field will completely stop for 45 days. This was announced by the North Caspian Operating Company (NCOC).

In accordance with regulatory requirements, in 2019 NCOC plans to overhaul the Bolashak onshore complex and the offshore complex D of the Kashagan field on the...

Oil production at the Kashagan oil and gas field will completely stop for 45 days. This was announced by the North Caspian Operating Company (NCOC).

In accordance with regulatory requirements, in 2019 NCOC plans to overhaul the Bolashak onshore complex and the offshore complex D of the Kashagan field on the...

18.01.2019

Russian Baltic ports reduce turnover on oil woes

Following the results of 2018, the Russian ports on the Baltic lost to foreign ports in terms of freight turnover growth rates. According to experts, foreign competitors are actively investing in the development of port infrastructure and attracting new customers, while Russian market players are more engaged in property redistribution....

Following the results of 2018, the Russian ports on the Baltic lost to foreign ports in terms of freight turnover growth rates. According to experts, foreign competitors are actively investing in the development of port infrastructure and attracting new customers, while Russian market players are more engaged in property redistribution....

18.01.2019

Caspian states’ crude oil output on the rise to varying proportions - OPEC

FSU oil production in 2018 is estimated to have grown by 0.24 mb/d to average 14.29 mb/d, revised up by 8 tb/d from the previous forecast. Oil production in Russia and Kazakhstan has increased by 0.17 mb/d and 0.08 mb/d to average 11.35 mb/d and 1.81 mb/d, respectively. Azeri oil...

FSU oil production in 2018 is estimated to have grown by 0.24 mb/d to average 14.29 mb/d, revised up by 8 tb/d from the previous forecast. Oil production in Russia and Kazakhstan has increased by 0.17 mb/d and 0.08 mb/d to average 11.35 mb/d and 1.81 mb/d, respectively. Azeri oil...

18.01.2019

Caspian Sunrise makes deep well progress at BNG licence, Kazakhstan

Caspian Sunrise PLC on Thursday said it is making progress in returning deep well A5 at its BNG contract area in Kazakhstan to an operational level.

Deep well A5 was drilled in 2013 to 4,432 metres but was blocked with drilling fluid and debris. Following this, a side-track was drilled and...

Caspian Sunrise PLC on Thursday said it is making progress in returning deep well A5 at its BNG contract area in Kazakhstan to an operational level.

Deep well A5 was drilled in 2013 to 4,432 metres but was blocked with drilling fluid and debris. Following this, a side-track was drilled and...

18.01.2019

Urals sticks to strong position as trade outlook inspires confidence

Urals crude differentials in northwest Europe and the Mediterranean held firm on Thursday as trade focus shifted to February barrels, while delays in Turkish straits, healthy demand from end-buyers and the absence of Iranian crude provided support.

Russia’s Surgtut was slow to call spot tenders to sell Baltic Urals in February...

Urals crude differentials in northwest Europe and the Mediterranean held firm on Thursday as trade focus shifted to February barrels, while delays in Turkish straits, healthy demand from end-buyers and the absence of Iranian crude provided support.

Russia’s Surgtut was slow to call spot tenders to sell Baltic Urals in February...

18.01.2019

Crude oil benchmarks continue free fall on US glut, demand doubts

Oil prices fell by 2 percent on Thursday after U.S. crude production neared an unprecedented 12 million barrels per day (bpd) and concern grew over weakening demand, particularly in light of the trade dispute between the United States and China.

Brent crude oil futures LCOc1 were down $1.08 at $60.24 a...

Oil prices fell by 2 percent on Thursday after U.S. crude production neared an unprecedented 12 million barrels per day (bpd) and concern grew over weakening demand, particularly in light of the trade dispute between the United States and China.

Brent crude oil futures LCOc1 were down $1.08 at $60.24 a...

18.01.2019

Nord Stream 2 and Turkish Stream on track – Gazprom executive

The Turkish Stream and Nord Stream 2 natural gas pipeline projects are being implemented according to plan, Alexander Medvedev, Gazprom's deputy chairman said.

Alexander Medvedev told European Gas Conference officials in an interview prior to the event, which will run from January 28 until January...

The Turkish Stream and Nord Stream 2 natural gas pipeline projects are being implemented according to plan, Alexander Medvedev, Gazprom's deputy chairman said.

Alexander Medvedev told European Gas Conference officials in an interview prior to the event, which will run from January 28 until January 30 in Vienna, that at the...

18.01.2019

North Sea region’s natural gas prices firm on winter weather in store

British wholesale gas prices rose on Thursday morning as previously forecasted colder temperatures set in, lifting gas demand for heating.

The day-ahead gas price was 1.50 pence higher at 60.75 pence per therm at 0837 GMT, while gas for immediate delivery was up by 1.75 pence at 60.00 p/therm.

Gas for delivery...

British wholesale gas prices rose on Thursday morning as previously forecasted colder temperatures set in, lifting gas demand for heating.

The day-ahead gas price was 1.50 pence higher at 60.75 pence per therm at 0837 GMT, while gas for immediate delivery was up by 1.75 pence at 60.00 p/therm.

Gas for delivery...

Finance and Investment

18.01.2019

Kommesk Omir increases collection of insurance premiums in 2018 by 1.5 times

Following the results of 2018, the Kommesk Omir insurance company collected premiums in the amount of 10.1 billion tenge, which is 1.5 times more than in 2017.

"The increase in insurance premiums in 2018 was due to an increase in the company's own sales portfolio for compulsory insurance of civil liability...

Following the results of 2018, the Kommesk Omir insurance company collected premiums in the amount of 10.1 billion tenge, which is 1.5 times more than in 2017.

"The increase in insurance premiums in 2018 was due to an increase in the company's own sales portfolio for compulsory insurance of civil liability...

18.01.2019

Court decision on the liquidation of Kaazakh Eximbank enters into force

The court decision on the forced liquidation of Eximbank Kazakhstan has entered into legal force.

"On Wednesday, January 16, 2019, the Almaty City Court dismissed Kazakhtelecom’s complaint against the decision of the Specialised Inter-district Economic Court of Almaty dated November 28, 2018 on the forced liquidation of Eximbank Kazakhstan. Thus, the...

The court decision on the forced liquidation of Eximbank Kazakhstan has entered into legal force.

"On Wednesday, January 16, 2019, the Almaty City Court dismissed Kazakhtelecom’s complaint against the decision of the Specialised Inter-district Economic Court of Almaty dated November 28, 2018 on the forced liquidation of Eximbank Kazakhstan. Thus, the...

18.01.2019

Zhilstroysberbank announces boost in deposit premium in 2019

In 2019, the state premium on deposit from Zhilstroysberbank for the first time will exceed 100 000 tenge. Kazpravda.kz correspondent quotes Lazzat Ibrahimova, chairwoman of the board of Zhilstroysberbank of Kazakhstan JSC, as saying at the press conference at the RK Government. “Every year, the state premium in the Construction...

In 2019, the state premium on deposit from Zhilstroysberbank for the first time will exceed 100 000 tenge. Kazpravda.kz correspondent quotes Lazzat Ibrahimova, chairwoman of the board of Zhilstroysberbank of Kazakhstan JSC, as saying at the press conference at the RK Government. “Every year, the state premium in the Construction...

18.01.2019

Islamic Development Bank allocates $40 million in loans for Kazakh enterprises

The Islamic Development Bank (IsDB) has provided a $40 million loan to Kazakhstan’s Damu Entrepreneurship Development Fund, said fund Deputy Chairperson Daulet Abilkairov at the Central Communications Services Dec. 11 press conference. The loan will be given to businesses corresponding to the requirements of Islamic finances.

“These funds will be used...

The Islamic Development Bank (IsDB) has provided a $40 million loan to Kazakhstan’s Damu Entrepreneurship Development Fund, said fund Deputy Chairperson Daulet Abilkairov at the Central Communications Services Dec. 11 press conference. The loan will be given to businesses corresponding to the requirements of Islamic finances.

“These funds will be used...

18.01.2019

Kazakhstan’s €1.050 billion euro-denominated bonds offering

White & Case LLP has advised Citigroup, Société Générale and BCC Invest on the update of the Republic of Kazakhstan’s US$10 billion global medium term note programme and issuance thereunder of €525 million 1.55 percent Notes due 2023 and €525 million 2.375 percent Notes due 2028.

The dual-tranche issuance is the...

White & Case LLP has advised Citigroup, Société Générale and BCC Invest on the update of the Republic of Kazakhstan’s US$10 billion global medium term note programme and issuance thereunder of €525 million 1.55 percent Notes due 2023 and €525 million 2.375 percent Notes due 2028.

The dual-tranche issuance is the...

18.01.2019

US dollar settles at KZT377.10 on January 17

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOМ) made KZT377.10 per US dollar at the trades volume of USD59,900 th.;

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

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOМ) made KZT377.10 per US dollar at the trades volume of USD59,900 th.;

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

18.01.2019

Greenback, Sterling up on economic, political signals

The U.S. dollar ticked up on January 17 after stronger than expected economic data reports, while the pound stabilized as British policymakers sought consensus on how to exit the European Union.

The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that...

The U.S. dollar ticked up on January 17 after stronger than expected economic data reports, while the pound stabilized as British policymakers sought consensus on how to exit the European Union.

The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that...

Metals and Minerals

18.01.2019

Shubarkol Komir exports 6.3 million tonnes of coal in 2018

Shubarkol Komir sold 6.3 million tonnes of coal abroad in 2018.

“In 2018, Shubarkol Komir sold over 11.1 million tonnes of coal. Of these, the domestic market accounted for about 4.8 million tonnes, the countries of near and far abroad accounted for about 6.3 million tonnes,” the message stated. The company...

Shubarkol Komir sold 6.3 million tonnes of coal abroad in 2018.

“In 2018, Shubarkol Komir sold over 11.1 million tonnes of coal. Of these, the domestic market accounted for about 4.8 million tonnes, the countries of near and far abroad accounted for about 6.3 million tonnes,” the message stated. The company...

18.01.2019

2018 successful for Kazakhstan’s metallurgy sector

Production growth occurred in almost all industries, and the industrial production index compared with 2017 reached 4.1%. However, it could be more. According to the results of 10 months, it amounted to 4.7%, but the accident at ArcelorMittal Temirtau and the sharp decline in ferrous metallurgy indicators that followed it...

Production growth occurred in almost all industries, and the industrial production index compared with 2017 reached 4.1%. However, it could be more. According to the results of 10 months, it amounted to 4.7%, but the accident at ArcelorMittal Temirtau and the sharp decline in ferrous metallurgy indicators that followed it...

18.01.2019

Gold market steady as palladium keeps going through the roof

Palladium surged past $1,400 for the first time on Thursday, driven by a deficit in the auto-catalyst metal and robust demand, while gold held firm on concerns surrounding a U.S. government logjam and Brexit.

Spot palladium had jumped 5 percent to $1,427 per ounce as of 1151 GMT, having hit an...

Palladium surged past $1,400 for the first time on Thursday, driven by a deficit in the auto-catalyst metal and robust demand, while gold held firm on concerns surrounding a U.S. government logjam and Brexit.

Spot palladium had jumped 5 percent to $1,427 per ounce as of 1151 GMT, having hit an...

18.01.2019

Aluminium, nickel, zinc, lead retreat on olive branch handing

Aluminium fell on January 17 after a vote by U.S. lawmakers cleared the way for sanctions to be lifted on major producer Rusal, potentially increasing supply.

The U.S. Senate on Wednesday rejected legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminium firm Rusal.

In December, the U.S....

Aluminium fell on January 17 after a vote by U.S. lawmakers cleared the way for sanctions to be lifted on major producer Rusal, potentially increasing supply.

The U.S. Senate on Wednesday rejected legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminium firm Rusal.

In December, the U.S....

Manufacturing industry

18.01.2019

Heavy helicopters to be assembled in Kazakhstan

The technology of assembling Mi-8AMT/Mi-171 heavy helicopters is being introduced in Kazakhstan for the first time. The contract for the organisation of a large-scale assembly was signed by Kazakhstan Engineering, Aircraft Repair Plant No. 405, and Russian Helicopters by the Rostec State Corporation.

The project was launched without attracting budget investments....

The technology of assembling Mi-8AMT/Mi-171 heavy helicopters is being introduced in Kazakhstan for the first time. The contract for the organisation of a large-scale assembly was signed by Kazakhstan Engineering, Aircraft Repair Plant No. 405, and Russian Helicopters by the Rostec State Corporation.

The project was launched without attracting budget investments....

18.01.2019

12.5 million square metres of residential space commissioned in Kazakhstan in 2018

The Ministry of Industry and Infrastructure Development summed up the results of housing construction in the republic and shared their plans for the future.

“In 2017, 11 million square metres of housing were commissioned, and we added another million square meters. In 2018, 12.5 million square metres were handed over, 113,740...

The Ministry of Industry and Infrastructure Development summed up the results of housing construction in the republic and shared their plans for the future.

“In 2017, 11 million square metres of housing were commissioned, and we added another million square meters. In 2018, 12.5 million square metres were handed over, 113,740...

Trade and Consumer Goods

18.01.2019

Rahat closes subsidiary

The activity of the subsidiary organisation of the Rakhat confectionary factory, Rakhat Trading House, was terminated. On January 10, 2019, the Justice Department of the Turksib district of the Almaty Justice Department registered the cessation of the activities of a subsidiary organisation of Rakhat with 100% participation, Rakhat Trading House....

The activity of the subsidiary organisation of the Rakhat confectionary factory, Rakhat Trading House, was terminated. On January 10, 2019, the Justice Department of the Turksib district of the Almaty Justice Department registered the cessation of the activities of a subsidiary organisation of Rakhat with 100% participation, Rakhat Trading House....

Agriculture

18.01.2019

Kazakhstan’s farms to become smart

The production of agricultural products in the Karaganda region in 2018 increased by 8% to 272 billion tenge. Labour productivity by 2017 increased by 13.2%. There are successes in plant growing and animal husbandry.

The agrarians of the region collected more than 1 million tonnes of grain, which is 25.3% more...

The production of agricultural products in the Karaganda region in 2018 increased by 8% to 272 billion tenge. Labour productivity by 2017 increased by 13.2%. There are successes in plant growing and animal husbandry.

The agrarians of the region collected more than 1 million tonnes of grain, which is 25.3% more...

18.01.2019

Wheat, other cereals’ benchmarks up on confusing supply indications

Chicago soybean futures rose for a second session on Thursday as adverse weather in South America supported prices, while wheat and corn also gained.

The most-active soybean contract on the Chicago Board of Trade was up 0.4 percent at $8.98 a bushel by 1156 GMT. In the previous session, prices had...

Chicago soybean futures rose for a second session on Thursday as adverse weather in South America supported prices, while wheat and corn also gained.

The most-active soybean contract on the Chicago Board of Trade was up 0.4 percent at $8.98 a bushel by 1156 GMT. In the previous session, prices had...

Communications and Transportation

18.01.2019

Kazakhstan posts 7.3% value increase for cargo transport in 2018

Cargo turnover in Kazakhstan in January-December 2018 made 596,066bn tonne-kilometers that is 7.3% more compared to 2017.

According to the Statistics Committee of the National Economy Ministry, rail freight turnover grew by 8% in the reporting period. The volume of freight turnover made 4,103bn tonnes (+4.8% compared to 2017). Passenger turnover...

Cargo turnover in Kazakhstan in January-December 2018 made 596,066bn tonne-kilometers that is 7.3% more compared to 2017.

According to the Statistics Committee of the National Economy Ministry, rail freight turnover grew by 8% in the reporting period. The volume of freight turnover made 4,103bn tonnes (+4.8% compared to 2017). Passenger turnover...

18.01.2019

Kazakhstan to open assemblage line for Mi-8AMT/Mi-171 helicopters

A contract for the semi-knocked-down assembly of the Mil Mi-8AMT/Mi-171 helicopters in the Republic of Kazakhstan has been signed today in Astana.

The document was signed by Kazakhstan Engineering NC of the Ministry of the Defense and Aerospace Industry of the Republic of Kazakhstan, Aircraft Repair Plant No. 405 JSC and...

A contract for the semi-knocked-down assembly of the Mil Mi-8AMT/Mi-171 helicopters in the Republic of Kazakhstan has been signed today in Astana.

The document was signed by Kazakhstan Engineering NC of the Ministry of the Defense and Aerospace Industry of the Republic of Kazakhstan, Aircraft Repair Plant No. 405 JSC and...

18.01.2019

Demand for electric cars in Kazakhstan to increase in the future

In Kazakhstan, the demand for electric cars will increase in the future, there should be no obstacles for this. This was announced by the president of the automobile business association of the republic, Andrei Lavrentiev.

“I must admit, not everybody support electric cars at the moment. At one time, we could...

In Kazakhstan, the demand for electric cars will increase in the future, there should be no obstacles for this. This was announced by the president of the automobile business association of the republic, Andrei Lavrentiev.

“I must admit, not everybody support electric cars at the moment. At one time, we could...

Regional News

18.01.2019

China's rail freight volume grows by 9.1 pct in 2018

China's rail freight volume, an indicator of broad economic activity, rose 9.1 percent year on year in 2018, according to the China Railway Corporation.

Railways carried 4.02 billion tonnes of freight last year, 334 million tonnes more than the previous year, data from the company showed.

Of the total, state-operated railways carried...

China's rail freight volume, an indicator of broad economic activity, rose 9.1 percent year on year in 2018, according to the China Railway Corporation.

Railways carried 4.02 billion tonnes of freight last year, 334 million tonnes more than the previous year, data from the company showed.

Of the total, state-operated railways carried...

18.01.2019

China's central bank injects funds into market

China's central bank injected liquidity into the money market through reverse repos Thursday.

The People's Bank of China (PBOC) conducted 250 billion yuan (37 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2.55 percent and 150 billion yuan of 28-day reverse repos at 2.85 percent.

Previous reverse repos...

China's central bank injected liquidity into the money market through reverse repos Thursday.

The People's Bank of China (PBOC) conducted 250 billion yuan (37 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2.55 percent and 150 billion yuan of 28-day reverse repos at 2.85 percent.

Previous reverse repos...

18.01.2019

Russia, China enjoy confident progressive development of relations in all areas: Lavrov

Russia and China enjoy a "very confident progressive development of relations in all areas," Russian Foreign Minister Sergei Lavrov said Wednesday.

The two countries reached a record trade turnover in 2018 but this is not a limit, as Russia and China have ambitious plans discussed by President Vladimir Putin and President...

Russia and China enjoy a "very confident progressive development of relations in all areas," Russian Foreign Minister Sergei Lavrov said Wednesday.

The two countries reached a record trade turnover in 2018 but this is not a limit, as Russia and China have ambitious plans discussed by President Vladimir Putin and President...

18.01.2019

Tatneft is upgrading its oil treatment plants using HollySys equipment

Tatneft has entered into a tripartite cooperation agreement in the area of crude oil treatment process flow automation (UPVSN) units. CJSC Sterh-Intelservis and the Chinese HollySys Company have been the Tatneft Company’s partners in the deal. 

The cooperation of Tatneft and HollySys has been developing with the participation of CJSC Sterkh-Intelservis,...

Tatneft has entered into a tripartite cooperation agreement in the area of crude oil treatment process flow automation (UPVSN) units. CJSC Sterh-Intelservis and the Chinese HollySys Company have been the Tatneft Company’s partners in the deal. 

The cooperation of Tatneft and HollySys has been developing with the participation of CJSC Sterkh-Intelservis,...

18.01.2019

Russian economy to overtake Germany’s by 2020 – report

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts.

In a report outlining projections about the world economy up until 2030, the bank said that China is likely...

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts.

In a report outlining projections about the world economy up until 2030, the bank said that China is likely...

18.01.2019

Rosneft’s major asset beats oil output record

Rosneft’s Yuganskneftegaz, formerly owned by the now-defunct Yukos oil company, set a new record in 2018, producing 70.2 mln tonnes of liquid hydrocarbons, a 5.6% growth year-on-year.

Rosneft, like other Russian companies, needed to fulfill its commitments under the OPEC+ output reduction deal. However, the company decided against cutting production at...

Rosneft’s Yuganskneftegaz, formerly owned by the now-defunct Yukos oil company, set a new record in 2018, producing 70.2 mln tonnes of liquid hydrocarbons, a 5.6% growth year-on-year.

Rosneft, like other Russian companies, needed to fulfill its commitments under the OPEC+ output reduction deal. However, the company decided against cutting production at...

18.01.2019

Rosneft completes development of its own geomechanics simulator

Specialists from RN-UfaNIPIneft, a facility of Rosneft’s corporate Research and Development Complex, have completed their work on creation of the first industrial model of RN-SIGMA corporate software solution designed for geomechanics modelling when drilling.

The software allows company’s engineers expanding their application of geomechanics for borehole stability calculation and reducing the...

Specialists from RN-UfaNIPIneft, a facility of Rosneft’s corporate Research and Development Complex, have completed their work on creation of the first industrial model of RN-SIGMA corporate software solution designed for geomechanics modelling when drilling.

The software allows company’s engineers expanding their application of geomechanics for borehole stability calculation and reducing the...

18.01.2019

NOVATEK reports preliminary operating data for twelve months 2018

PAO NOVATEK reported today preliminary operating data for the twelve months ended 31 December 2018. In 2018, NOVATEK’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe), including 68.81 billion cubic meters (bcm) of natural gas and 11,800 thousand tons of liquids (gas condensate and crude oil),...

PAO NOVATEK reported today preliminary operating data for the twelve months ended 31 December 2018. In 2018, NOVATEK’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe), including 68.81 billion cubic meters (bcm) of natural gas and 11,800 thousand tons of liquids (gas condensate and crude oil), resulting in an...

18.01.2019

Mongolia's industrial output grows 21% in 2018

Mongolia's industrial output in 2018 increased by 21 percent from the previous year, amounting to 15.7 trillion Mongolian Tugriks (about 5.9 billion U.S. dollars), Xinhua reported citing official data.

Output of the main products of mining and extractive industries was up by 19.6 percent, making it a key driver of the...

Mongolia's industrial output in 2018 increased by 21 percent from the previous year, amounting to 15.7 trillion Mongolian Tugriks (about 5.9 billion U.S. dollars), Xinhua reported citing official data.

Output of the main products of mining and extractive industries was up by 19.6 percent, making it a key driver of the...

18.01.2019

Azerbaijan’s carbamide factory eyes regional markets

Turkey will receive two third of the products of SOCAR carbamide plant, which was put into operation on January 16 in the territory of Sumgayit Chemical Industrial Park, according to the plant’s director Khayal Jafarov.

“SOCAR carbamide plant is the only large enterprise in the region and two third of its...

Turkey will receive two third of the products of SOCAR carbamide plant, which was put into operation on January 16 in the territory of Sumgayit Chemical Industrial Park, according to the plant’s director Khayal Jafarov.

“SOCAR carbamide plant is the only large enterprise in the region and two third of its...

Prices and Statistics

18.01.2019

Commodities

Date: January 18, 2019; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 52.63 +0.56 +1.08% Feb 2019 1/17/2019
CO1:COMBrent Crude (ICE) USD/bbl. 61.73 +0.55 +0.90% Mar 2019 1/17/2019
XB1:COMRBOB Gasoline (Nymex) USd/gal. 143.66 +0.66 +0.46% Feb 2019 1/17/2019
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.39 -0.03 -0.82% Feb 2019 1/17/2019
HO1:COMHeating Oil (Nymex) USd/gal. 189.37 +0.94 +0.50% Feb 2019 1/17/2019
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,291.60 -0.70 -0.05% Feb 2019 1/17/2019
XAUUSD:CURGold Spot USD/t oz. 1,291.93 -0.12 -0.01% N/A 12:07 AM
SI1:COMSilver (Comex) USD/t oz. 15.57 +0.03 +0.22% Mar 2019 1/17/2019
HG1:COMCopper (Comex) USd/lb. 269.75 +1.75 +0.65% Mar 2019 1/17/2019
XPTUSD:CURPlatinum Spot USD/t oz. 813.68 +3.34 +0.41% N/A 12:06 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 379.25 -0.75 -0.20% Mar 2019 1/17/2019
W 1:COMWheat (CBOT) USd/bu. 518.75 +1.00 +0.19% Mar 2019 1/17/2019
CC1:COMCocoa (ICE) USD/MT 2,335.00 +13.00 +0.56% Mar 2019 1/17/2019
CT1:COMCotton #2 (ICE) USd/lb. 74.40 +0.03 +0.04% Mar 2019 1/17/2019
LC1:COMLive Cattle (CME) USd/lb. 126.90 -0.82 -0.65% Apr 2019 1/17/2019

Date: January 18, 2019; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 52.63 +0.56 +1.08% Feb 2019 1/17/2019
CO1:COMBrent Crude (ICE) USD/bbl. 61.73 +0.55 +0.90% Mar 2019 1/17/2019
XB1:COMRBOB Gasoline (Nymex) USd/gal. 143.66 +0.66 +0.46% Feb 2019 1/17/2019
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.39 -0.03 -0.82% Feb 2019 1/17/2019
HO1:COMHeating Oil (Nymex) USd/gal. 189.37 +0.94 +0.50% Feb 2019 1/17/2019

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,291.60 -0.70 -0.05% Feb 2019 1/17/2019
XAUUSD:CURGold Spot USD/t oz. 1,291.93 -0.12 -0.01% N/A 12:07 AM
SI1:COMSilver (Comex) USD/t oz. 15.57 +0.03 +0.22% Mar 2019 1/17/2019
HG1:COMCopper (Comex) USd/lb. 269.75 +1.75 +0.65% Mar 2019 1/17/2019
XPTUSD:CURPlatinum Spot USD/t oz. 813.68 +3.34 +0.41% N/A 12:06 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 379.25 -0.75 -0.20% Mar 2019 1/17/2019
W 1:COMWheat (CBOT) USd/bu. 518.75 +1.00 +0.19% Mar 2019 1/17/2019
CC1:COMCocoa (ICE) USD/MT 2,335.00 +13.00 +0.56% Mar 2019 1/17/2019
CT1:COMCotton #2 (ICE) USd/lb. 74.40 +0.03 +0.04% Mar 2019 1/17/2019
LC1:COMLive Cattle (CME) USd/lb. 126.90 -0.82 -0.65% Apr 2019 1/17/2019
18.01.2019

Exchange Rates

Date: January 18, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 376.6
1 EURO EUR / KZT 429.06
1 RUSSIAN ROUBLE RUB / KZT 5.66
1 CHINESE YUAN CNY / KZT 55.64
1 KYRGYZIAN SOM KGS / KZT 5.4
1 GREAT BRITAIN POUND GBP / KZT 484.99
1 CANADIAN DOLLAR CAD / KZT 283.54
1 AUSTRALIAN DOLLAR AUD / KZT 269.76

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

1 US DOLLAR

USD / KZT

376.6

1 EURO

EUR / KZT

429.06

1 RUSSIAN ROUBLE

RUB / KZT

5.66

1 CHINESE YUAN

CNY / KZT

55.64

1 KYRGYZIAN SOM

KGS / KZT

5.4

1 GREAT BRITAIN POUND

GBP / KZT

484.99

1 CANADIAN DOLLAR

CAD / KZT

283.54

1 AUSTRALIAN DOLLAR

AUD / KZT

269.76