Issue 2927 - 16.02.2018
16.02.2018

Businesses of Kazakhstan, UN discuss role of business sector in promoting SDGs

Representatives of the United Nations and the business sector of Kazakhstan met to discuss how businesses can become more sustainable by embedding the global Sustainable Development Goals (SDGs) in their practices, processes and strategies, Kazinform has learnt from the press service of the UNDP in Kazakhstan

This was the first of a series of dialogues planned to be held on a regular basis. The goal was to meet with the prominent business representatives who have expressed interest in advancing the Agenda 2030.

Among others, participants from the business sector included "Baiterek" National Managing Holding, Astana Group, Raimbek Group, BI Group, Chocolife.me, "Astana Banki" JSC, BSH Home Appliances, and Rixos Almaty Hotel.

The seventeen Sustainable Development Goals were adopted in 2015 to end poverty, protect the planet and ensure prosperity for all. However, working together is not optional anymore. For each goal to be reached, everyone needs to do their part: governments, the private sector, and civil society.

"Achieving the SDGs could generate at least USD 12 trillion of market opportunities and create 380 million new jobs by 2030 in the four economic systems: food and agriculture, cities, energy and materials, health, and well-being," said UN Resident Coordinator and UNDP Resident Representative Norimasa Shimomura.

"Sustainable Development Goals present an ideal strategy and opportunities for business growth, and open access to new markets. London School of Business cites statistical data, which show that companies that chose sustainable development generate 5 to 6 percent more return on investment compared to traditional businesses. Examples of such companies are Tesla and Unilever. We would like more companies in Kazakhstan to be aware of the Sustainable Development Goals. That is why there is a need to increase awareness of the benefits of SDGs among the public," said Dinara Seitzhaparova, Board Member and Managing Director of JSC National Managing Holding "Baiterek".

"We are here today to encourage the full and meaningful collaboration with the business sector in Kazakhstan. It is clear that the SDGs cannot be achieved without all actors - government, the United Nations, civil society, and the business sector - working in-step together. Every business, big or small, shares this responsibility and it is our role as the UN to help consolidate those efforts to realize the better future that the next generation deserve, " said UNICEF Deputy Representative Fiachra McAsey.

"Our goal today was to sit together and talk with the representatives of businesses about the ways we can help them make SDGs part of their fabric on an even more sustainable basis. So, it is very much a meeting of friends working out options of helping more people and making their businesses prosper by introducing globally-recognized standards of sustainability," said Norimasa Shimomura.

Reported by Kazinform.

Kazakhstan General

16.02.2018

Summit of Caspian states to be held in Astana in 2018 - MFA

In the second half of 2018, a summit of the Caspian states is planned to be held in Astana. This was announced on the sidelines of the Senate's plenary session by the Minister of Foreign Affairs of Kazakhstan Kairat Abdrakhmanov, Kazpravda.kz correspondent reports.

According to him, at the moment the countries...

In the second half of 2018, a summit of the Caspian states is planned to be held in Astana. This was announced on the sidelines of the Senate's plenary session by the Minister of Foreign Affairs of Kazakhstan Kairat Abdrakhmanov, Kazpravda.kz correspondent reports.

According to him, at the moment the countries...

16.02.2018

Almaty and Astana lead in number of economic crimes

At a briefing in Astana, Erden Juma, acting deputy head of preventive work and control department of the state revenue Committee of RK Finance Ministry, named the regions, leading in the number of economic crimes, Kazpravda.kz reports.

"Almaty, Astana, the Karaganda region and the South Kazakhstan region are leading in the...

At a briefing in Astana, Erden Juma, acting deputy head of preventive work and control department of the state revenue Committee of RK Finance Ministry, named the regions, leading in the number of economic crimes, Kazpravda.kz reports.

"Almaty, Astana, the Karaganda region and the South Kazakhstan region are leading in the...

16.02.2018

Kazakh Labour and Social Protection Ministry to focus on self-employed workforce, digitisation

The Kazakh Ministry of Labour and Social Protection will focus on formalising the self-employed workforce and continue digital transformation in the field in 2018, according to newly-appointed Minister Madina Abylkassymova.

The issue of the self-employed population, which currently accounts for nearly one-quarter of the nation’s workforce, was raised during a Feb....

The Kazakh Ministry of Labour and Social Protection will focus on formalising the self-employed workforce and continue digital transformation in the field in 2018, according to newly-appointed Minister Madina Abylkassymova.

The issue of the self-employed population, which currently accounts for nearly one-quarter of the nation’s workforce, was raised during a Feb....

16.02.2018

Kazakhstan, China dip toes into transborder water issues

Kazakhstan’s ongoing negotiations with China on water use could be a harbinger of the impact of Beijing’s Belt and Road initiative on Central Asia’s fragile environments.

The two countries are negotiating water allocations fr om the Irtysh and Ili rivers, which rise in the mountains of western China. Research by the...

Kazakhstan’s ongoing negotiations with China on water use could be a harbinger of the impact of Beijing’s Belt and Road initiative on Central Asia’s fragile environments.

The two countries are negotiating water allocations fr om the Irtysh and Ili rivers, which rise in the mountains of western China. Research by the...

16.02.2018

Rare protest action takes place in front of Kazakh President's Office in Astana

A rare protest action took place on February 14 in front of the building of the Kazakh President's Office in Astana.

3 Astana residents and one woman from East Kazakhstan region protested against the conviction of their children on different charges. One of the women was chained to a lamp post.

They...

A rare protest action took place on February 14 in front of the building of the Kazakh President's Office in Astana.

3 Astana residents and one woman from East Kazakhstan region protested against the conviction of their children on different charges. One of the women was chained to a lamp post.

They...

Oil and Gas Sector

16.02.2018

Lukoil comes out with results of FY, Q4 2017

The Lukoil Group's hydrocarbon production excluding West Qurna-2 project in the fourth quarter of 2017 increased by 2.9% quarter-on-quarter to 2,284 thousand boe per day. The increase was driven by the development of gas projects. Lukoil is Kazakhstan’s largest upstream oil operator and investor. In 2017 production increased by 2.4% year-on-year to 2,234 thousand boe per day. Hydrocarbon production, thousand boe per day
4Q 2017 3Q 2017   12M 2017 12M 2016
2,284 2,219 Total (excluding West-Qurna 2 project) 2,234 2,181
 In 2017 oil production excluding West Qurna-2 project was 85.6 million tonnes, including 21.5 million tonnes produced in the fourth quarter of 2017. Starting January 2017 Lukoil Group's oil production volumes and dynamics are mainly defined by the external limitations of Russian companies' production volumes. In the fourth quarter of 2017 oil production at V. Filanovsky field increased 21.2% quarter-on-quarter and reached 4.6 million tonnes for the full year, outperforming the planned annual level by 170 thousand tonnes. Production growth was driven by the launch of three production and two injection wells during the year. Production drilling at the second stage of the field development started in December, 2017. Active development of high viscosity oil projects continued in Timan-Pechora. Production at Yaregskoe field and Permian reservoir of Usinskoe field increased by 11.5% and 9.3% quarter-on-quarter respectively. Successful development of Pyakyakhinskoe field led to an increase in crude oil and gas condensate production to 1.5 million tonnes for 2017.   Oil production, thousand tonnes
4Q 2017 3Q 2017   12M 2017 12M 2016
21,476 21,412 Total (excluding West-Qurna 2 project) 85,591 86,928
20,525 20,538 Russia 81,879 83,177
20,360 20,337 Subsidiaries 80,995 82,206
165 201 Share in affiliates 884 971
951 874 Outside of Russia 3,712 3,751
524 464 Subsidiaries 2,001 2,037
427 410 Share in affiliates 1,711 1,714
396 539 Compensation oil from West Qurna-2 project 1,822 5,064
21,872 21,951 Total 87,413 91,992
 In the fourth quarter of 2017 the Lukoil Group's gas production increased by 12.5% quarter-on-quarter to 8.2 billion cubic meters. As a result, in 2017 production increased by 15.7% year-on-year to 28.8 billion cubic meters. LUKOIL had achieved significant progress in Uzbekistan gas projects development. In the fourth quarter of 2017 production at Kandym and Gissar projects increased by 30.7% quarter-on-quarter to 2.8 billion cubic meters. The growth was driven by the launch of new gas treatment facilities. Gas production growth in Russia was mainly attributable to the launch of gas facilities at Pyakyakhinskoe field in January, 2017. Gas production, million cubic meters
4Q 2017 3Q 2017   12M 2017 12M 2016
8,166 7,257 Total 28,834 24,922
4,581 4,619 Russia 18,176 16,496
4,556 4,596 Subsidiaries 18,080 16,407
25 23 Share in affiliates 96 89
3,585 2,638 Outside of Russia 10,658 8,426
3,386 2,445 Subsidiaries 9,858 7,654
199 193 Share in affiliates 800 772
Refinery throughput at the Lukoil Group's refineries in the fourth quarter of 2017 was practically flat quarter-on-quarter and amounted to 17.3 million tonnes. Refinery throughput in 2017 increased by 1.8% year-on-year to 67.2 million tonnes. Growth of refinery throughput in Russia in the fourth quarter of 2017 was mainly due to scheduled maintenance works at Nizhny Novgorod refinery in the third quarter of 2017. Quarterly dynamics of refinery throughput at European refineries was attributable to scheduled maintenance works at Zeeland refinery in the fourth quarter of 2017. In 2017 refinery throughput in Russia increased by 3.2% year-on-year, which was mainly due to Volgograd refinery upgrade, as well as scheduled maintenance works at  Nizhny Novgorod and Volgograd refineries in 2016. Refinery throughput at refineries, thousand tonnes
4Q 2017 3Q 2017   12M 2017 12M 2016
17,294 17,356 Total for LUKOIL Group refineries 67,240 66,061
11,144 11,010 Russia 43,107 41,752
6,150 6,346 Outside of Russia 24,133 24,309
5,669 5,823 Oil processing 21,970 20,356
481 523 Refined products processing 2,163 3,953
1,803 1,670 Third party refineries abroad 6,547 744
Source: company press service.

The Lukoil Group's hydrocarbon production excluding West Qurna-2 project in the fourth quarter of 2017 increased by 2.9% quarter-on-quarter to 2,284 thousand boe per day. The increase was driven by the development of gas projects. Lukoil is Kazakhstan’s largest upstream oil operator and investor.

In 2017 production increased by 2.4% year-on-year to 2,234 thousand boe per day.

Hydrocarbon production, thousand boe per day

4Q 2017

3Q 2017

 

12M 2017

12M 2016

2,284

2,219

Total (excluding West-Qurna 2 project)

2,234

2,181

 In 2017 oil production excluding West Qurna-2 project was 85.6 million tonnes, including 21.5 million tonnes produced in the fourth quarter of 2017. Starting January 2017 Lukoil Group's oil production volumes and dynamics are mainly defined by the external limitations of Russian companies' production volumes.

In the fourth quarter of 2017 oil production at V. Filanovsky field increased 21.2% quarter-on-quarter and reached 4.6 million tonnes for the full year, outperforming the planned annual level by 170 thousand tonnes. Production growth was driven by the launch of three production and two injection wells during the year. Production drilling at the second stage of the field development started in December, 2017.

Active development of high viscosity oil projects continued in Timan-Pechora. Production at Yaregskoe field and Permian reservoir of Usinskoe field increased by 11.5% and 9.3% quarter-on-quarter respectively.

Successful development of Pyakyakhinskoe field led to an increase in crude oil and gas condensate production to 1.5 million tonnes for 2017.

 

Oil production, thousand tonnes

4Q 2017

3Q 2017

 

12M 2017

12M 2016

21,476

21,412

Total (excluding West-Qurna 2 project)

85,591

86,928

20,525

20,538

Russia

81,879

83,177

20,360

20,337

Subsidiaries

80,995

82,206

165

201

Share in affiliates

884

971

951

874

Outside of Russia

3,712

3,751

524

464

Subsidiaries

2,001

2,037

427

410

Share in affiliates

1,711

1,714

396

539

Compensation oil from West Qurna-2 project

1,822

5,064

21,872

21,951

Total

87,413

91,992

 In the fourth quarter of 2017 the Lukoil Group's gas production increased by 12.5% quarter-on-quarter to 8.2 billion cubic meters. As a result, in 2017 production increased by 15.7% year-on-year to 28.8 billion cubic meters.

LUKOIL had achieved significant progress in Uzbekistan gas projects development. In the fourth quarter of 2017 production at Kandym and Gissar projects increased by 30.7% quarter-on-quarter to 2.8 billion cubic meters. The growth was driven by the launch of new gas treatment facilities.

Gas production growth in Russia was mainly attributable to the launch of gas facilities at Pyakyakhinskoe field in January, 2017.

Gas production, million cubic meters

4Q 2017

3Q 2017

 

12M 2017

12M 2016

8,166

7,257

Total

28,834

24,922

4,581

4,619

Russia

18,176

16,496

4,556

4,596

Subsidiaries

18,080

16,407

25

23

Share in affiliates

96

89

3,585

2,638

Outside of Russia

10,658

8,426

3,386

2,445

Subsidiaries

9,858

7,654

199

193

Share in affiliates

800

772

Refinery throughput at the Lukoil Group's refineries in the fourth quarter of 2017 was practically flat quarter-on-quarter and amounted to 17.3 million tonnes. Refinery throughput in 2017 increased by 1.8% year-on-year to 67.2 million tonnes.

Growth of refinery throughput in Russia in the fourth quarter of 2017 was mainly due to scheduled maintenance works at Nizhny Novgorod refinery in the third quarter of 2017. Quarterly dynamics of refinery throughput at European refineries was attributable to scheduled maintenance works at Zeeland refinery in the fourth quarter of 2017.

In 2017 refinery throughput in Russia increased by 3.2% year-on-year, which was mainly due to Volgograd refinery upgrade, as well as scheduled maintenance works at  Nizhny Novgorod and Volgograd refineries in 2016.

Refinery throughput at refineries, thousand tonnes

4Q 2017

3Q 2017

 

12M 2017

12M 2016

17,294

17,356

Total for LUKOIL Group refineries

67,240

66,061

11,144

11,010

Russia

43,107

41,752

6,150

6,346

Outside of Russia

24,133

24,309

5,669

5,823

Oil processing

21,970

20,356

481

523

Refined products processing

2,163

3,953

1,803

1,670

Third party refineries abroad

6,547

744

Source: company press service.

16.02.2018

Robert Disbrow acquires 36,000 shares of Condor Petroleum stock

Condor Petroleum Inc (TSE:CPI) insider Robert Disbrow acquired 36,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average price of C$0.62 per share, with a total value of C$22,320.00.

Robert Disbrow also recently made the following trade(s):

On Thursday, February 8th, Robert...

Condor Petroleum Inc (TSE:CPI) insider Robert Disbrow acquired 36,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average price of C$0.62 per share, with a total value of C$22,320.00.

Robert Disbrow also recently made the following trade(s):

On Thursday, February 8th, Robert...

16.02.2018

Russian Economy Ministry set oil price of 50-60 USD per barrel in its new macro forecast

The Russian Ministry of Economic Development plans to prepare in April a new macro forecast for 2018-2020, in which the price of the Urals variety oil in 2018 will be 50-60 USD per barrel.

“We will be set a price range of 50-60 USD per barrel”, said the Minister of Economic...

The Russian Ministry of Economic Development plans to prepare in April a new macro forecast for 2018-2020, in which the price of the Urals variety oil in 2018 will be 50-60 USD per barrel.

“We will be set a price range of 50-60 USD per barrel”, said the Minister of Economic...

16.02.2018

Oil gives back some ground as supply worries resurface

Oil futures on Thursday gave up some of the ground scored in the previous session as worries over supply, particularly booming U.S. output, lingered.

West Texas Intermediate futures CLH8, +0.46%  fell 64 cents, or 1.1%, to $59.96 a barrel. On Wednesday, the contract finished up $1.41, or 2.4%, to end at...

Oil futures on Thursday gave up some of the ground scored in the previous session as worries over supply, particularly booming U.S. output, lingered.

West Texas Intermediate futures CLH8, +0.46%  fell 64 cents, or 1.1%, to $59.96 a barrel. On Wednesday, the contract finished up $1.41, or 2.4%, to end at...

Energy Industry

16.02.2018

Kazakhstan, Tajikistan to mull mutual electricity supplies

A meeting of the Kazakh-Tajik intergovernmental commission for economic cooperation took place in Dushanbe on February 12-13, the Kazakh Ministry of Energy said.

Deputy Energy Minister Bulat Akchulakov and Chairman of the State Investments and Property Management Committee of Tajikistan Farrukh Hamralizod took part in the meeting.

The parties discussed trade turnover...

A meeting of the Kazakh-Tajik intergovernmental commission for economic cooperation took place in Dushanbe on February 12-13, the Kazakh Ministry of Energy said.

Deputy Energy Minister Bulat Akchulakov and Chairman of the State Investments and Property Management Committee of Tajikistan Farrukh Hamralizod took part in the meeting.

The parties discussed trade turnover...

16.02.2018

New wind farm to be built in Atyrau region

A new 52 MW wind farm is currently under construction in the Isatay district of the Atyrau region and is scheduled to be commissioned in 2020, Kazinform reports.

According to the head of the region's Department of Energy and Housing and Communal Services, Zhumabay Karagayev, the farm is being built within...

A new 52 MW wind farm is currently under construction in the Isatay district of the Atyrau region and is scheduled to be commissioned in 2020, Kazinform reports.

According to the head of the region's Department of Energy and Housing and Communal Services, Zhumabay Karagayev, the farm is being built within...

Finance and Investment

16.02.2018

Kazakh Ministry of National Economy to cut public debt, boost tax to GDP ratio

Decreasing Kazakh public debt to 23.7 percent by 2022 using eurobonds and Islamic Sukuk securities and other priorities for economic development, including privatisation, industrial development, an automated customs procedure and new information systems for tax collection, were reviewed Feb. 12 by Minister of National Economy Timur Suleimenov and Minister of...

Decreasing Kazakh public debt to 23.7 percent by 2022 using eurobonds and Islamic Sukuk securities and other priorities for economic development, including privatisation, industrial development, an automated customs procedure and new information systems for tax collection, were reviewed Feb. 12 by Minister of National Economy Timur Suleimenov and Minister of...

16.02.2018

Kazakhstan's external debt increased by $74bn over 10 years

The external debt of the Republic of Kazakhstan increased by 74.6 billion US dollars over the past 10 years amounting to $168.9 billion as of October 1, 2017, Kazpravda.kz reports.

As the press service of the National Bank of Kazakhstan informs, the growth of external debt was due to an increase...

The external debt of the Republic of Kazakhstan increased by 74.6 billion US dollars over the past 10 years amounting to $168.9 billion as of October 1, 2017, Kazpravda.kz reports.

As the press service of the National Bank of Kazakhstan informs, the growth of external debt was due to an increase...

16.02.2018

SRC plans to submit cases on financial pyramids to law enforcement bodies

At present, the issue of submitting investigations of the activities of the pyramid schemes from the State Revenue Committee to the internal affairs bodies of the Republic of Kazakhstan is under consideration. This was announced at the briefing in Astana by acting deputy director of preventive work and control department...

At present, the issue of submitting investigations of the activities of the pyramid schemes from the State Revenue Committee to the internal affairs bodies of the Republic of Kazakhstan is under consideration. This was announced at the briefing in Astana by acting deputy director of preventive work and control department...

16.02.2018

Digital startups to be given tax preferences in Kazakhstan - Information Minister

In an interview with the Kazakhstanskaya Pravda newspaper, Minister of Information and Communications Dauren Abayev spoke about the benefits that startups will be able to receive within the framework of the Digital Kazakhstan program, Kazinform reports.

The Minister reminded that earlier this month a new acceleration program was launched within the framework...

In an interview with the Kazakhstanskaya Pravda newspaper, Minister of Information and Communications Dauren Abayev spoke about the benefits that startups will be able to receive within the framework of the Digital Kazakhstan program, Kazinform reports.

The Minister reminded that earlier this month a new acceleration program was launched within the framework...

16.02.2018

Bakytzhan Sagintayev held meeting of Kazakh Invest Board of Directors

On February 15 under the chairmanship of the Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev a meeting of the Board of Directors of the National Company Kazakh Invest JSC was held, Kazpravda.kz reports. 

As the press service of RK Prime Minister informs, during the meeting the Kazakh Invest work...

On February 15 under the chairmanship of the Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev a meeting of the Board of Directors of the National Company Kazakh Invest JSC was held, Kazpravda.kz reports. 

As the press service of RK Prime Minister informs, during the meeting the Kazakh Invest work...

16.02.2018

KASE day session: USDKZT_TOD = 320.12

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+0 in tenge (USDKZT_TOD) made KZT320.12 per US dollar at the trades volume USD73,100 th.;

- on US dollar with settlements Т+1 in tenge no deals were made, at the session close quotes in the KASE...

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+0 in tenge (USDKZT_TOD) made KZT320.12 per US dollar at the trades volume USD73,100 th.;

- on US dollar with settlements Т+1 in tenge no deals were made, at the session close quotes in the KASE...

16.02.2018

Dollar weakens further despite rising bond yields, hits 15-month low vs yen

Dollar fell across the board on Thursday, hitting a 15-month low against the yen, as negative sentiment around the U.S. currency outweighed a rise in 10-year Treasury yields to their highest levels in four years.

Analysts gave various explanations for the dollar's broad weakness, which came as the yield on the...

Dollar fell across the board on Thursday, hitting a 15-month low against the yen, as negative sentiment around the U.S. currency outweighed a rise in 10-year Treasury yields to their highest levels in four years.

Analysts gave various explanations for the dollar's broad weakness, which came as the yield on the...

Metals and Minerals

16.02.2018

Trade House MMK opens new base in Kazakhstan

The MMK Trade House (Magnitogorsk Iron&Steel Works) opened a new subdivision in Shymkent. This is the fifth division of the company in the Republic of Kazakhstan.

The warehouse area is equipped with two cranes, conveniently located near the highway to Almaty. The entire range of rolled metal of the MMK Group...

The MMK Trade House (Magnitogorsk Iron&Steel Works) opened a new subdivision in Shymkent. This is the fifth division of the company in the Republic of Kazakhstan.

The warehouse area is equipped with two cranes, conveniently located near the highway to Almaty. The entire range of rolled metal of the MMK Group...

16.02.2018

KAZ Minerals soars 3.529% on Feb 15

Shares of KAZ Minerals plc (HKG:0847) last traded at 88, representing a move of 3.529%, or 3 per share, on volume of 900 shares. After opening the trading day at 87.3, shares of KAZ Minerals plc traded in a close range. KAZ Minerals plc currently has a total float of...

Shares of KAZ Minerals plc (HKG:0847) last traded at 88, representing a move of 3.529%, or 3 per share, on volume of 900 shares. After opening the trading day at 87.3, shares of KAZ Minerals plc traded in a close range. KAZ Minerals plc currently has a total float of...

16.02.2018

KAZ Minerals stock rating upgraded by Barclays

KAZ Minerals (LON:KAZ) was upgraded by equities research analysts at Barclays to an “overweight” rating in a note issued to investors on Thursday, February 8th.

Several other equities research analysts have also commented on the company. BNP Paribas restated an “outperform” rating on shares of KAZ Minerals in a research report...

KAZ Minerals (LON:KAZ) was upgraded by equities research analysts at Barclays to an “overweight” rating in a note issued to investors on Thursday, February 8th.

Several other equities research analysts have also commented on the company. BNP Paribas restated an “outperform” rating on shares of KAZ Minerals in a research report...

16.02.2018

EVRAZ raised to buy at Goldman Sachs

Goldman Sachs Group upgraded shares of EVRAZ (LON:EVR) to a buy rating in a report released on Monday morning. They currently have GBX 430 ($5.94) price objective on the stock, up from their prior price objective of GBX 300 ($4.14).

Separately, Jefferies Group reissued an underperform rating and issued a GBX...

Goldman Sachs Group upgraded shares of EVRAZ (LON:EVR) to a buy rating in a report released on Monday morning. They currently have GBX 430 ($5.94) price objective on the stock, up from their prior price objective of GBX 300 ($4.14).

Separately, Jefferies Group reissued an underperform rating and issued a GBX...

16.02.2018

Gold inches higher as dollar hits two-week low

Gold was on track for its fourth straight session of gains on Thursday as the dollar skidded to its lowest in two weeks on concerns about the impact of high levels of U.S debt and tax cuts.

Spot gold was up 0.2 percent at $1,353.73 an ounce by 1106 GMT after...

Gold was on track for its fourth straight session of gains on Thursday as the dollar skidded to its lowest in two weeks on concerns about the impact of high levels of U.S debt and tax cuts.

Spot gold was up 0.2 percent at $1,353.73 an ounce by 1106 GMT after...

16.02.2018

Copper eases as investors cash in on strong week

Copper eased on Thursday and zinc and nickel pulled back from multi-year peaks as investors opted to cash in gains in this week’s best performing metals in the face of a rally in other assets such as stocks.

Copper, chiefly used in construction, is still on track for its biggest weekly...

Copper eased on Thursday and zinc and nickel pulled back from multi-year peaks as investors opted to cash in gains in this week’s best performing metals in the face of a rally in other assets such as stocks.

Copper, chiefly used in construction, is still on track for its biggest weekly...

Manufacturing industry

16.02.2018

TMK-Kaztrubprom entered the list of qualified suppliers of the Samruk-Kazyna Fund

TMK-Kaztrubprom (KTP) is one of the first companies in Kazakhstan within its sector which successfully passed the procedure of prequalification of potential suppliers in accordance with the requirements of the standards of the National Welfare Fund Samruk-Kazyna (Kazakhstan) for purchasing management.

According to the established rules, all tender participants of Kazakhstan...

TMK-Kaztrubprom (KTP) is one of the first companies in Kazakhstan within its sector which successfully passed the procedure of prequalification of potential suppliers in accordance with the requirements of the standards of the National Welfare Fund Samruk-Kazyna (Kazakhstan) for purchasing management.

According to the established rules, all tender participants of Kazakhstan...

16.02.2018

Kazakh-Chinese industrial projects exceed $27 billion

Kazakh Minister for Investment and Development Zhenis Kasymbek said on Wednesday China and Kazakhstan’s investment in 51 joint industrial projects exceeds $27 billion.

“This year we plan to put into operation six Kazakh-Chinese projects worth $363 million and we will begin construction work on five projects worth $623 million. The total...

Kazakh Minister for Investment and Development Zhenis Kasymbek said on Wednesday China and Kazakhstan’s investment in 51 joint industrial projects exceeds $27 billion.

“This year we plan to put into operation six Kazakh-Chinese projects worth $363 million and we will begin construction work on five projects worth $623 million. The total...

Trade and Consumer Goods

16.02.2018

Trade turnover between Kazakhstan and Kyrgyzstan in 2017 grew by 10%

Trade relations between Kazakhstan and Kyrgyzstan are developing more slowly than with other partners in the EEU.

By comparison, the total increase in the volume of export/import of Kazakhstan with the countries of the Customs Union was 28% on-the year, Energyprom notes.

As a result of the first 11 months of last...

Trade relations between Kazakhstan and Kyrgyzstan are developing more slowly than with other partners in the EEU.

By comparison, the total increase in the volume of export/import of Kazakhstan with the countries of the Customs Union was 28% on-the year, Energyprom notes.

As a result of the first 11 months of last...

16.02.2018

Goods turnover between Kazakhstan and Eurasian countries grew in 2017

According to the preliminary data, mutual trade between Kazakhstan and the countries of the Eurasian Economic Union during the period January - December 2017 equaled USD 17, 359,600,000, which is 25.9% more than in 2016 Kazinform reports referring to the Statistics Committee of the Ministry of National Economy.    

The volume...

According to the preliminary data, mutual trade between Kazakhstan and the countries of the Eurasian Economic Union during the period January - December 2017 equaled USD 17, 359,600,000, which is 25.9% more than in 2016 Kazinform reports referring to the Statistics Committee of the Ministry of National Economy.    

The volume...

16.02.2018

Price for meat in Kazakhstan on the increase

The most favorite meat for Kazakh people is beef and lamb and they have risen in price through last year by 15%, Finprom.kz reports. 

Consumption of meat and meat products in households for the third quarter of 2017 per capita averaged 17.8 kg, which is 0.5% less than in the same...

The most favorite meat for Kazakh people is beef and lamb and they have risen in price through last year by 15%, Finprom.kz reports. 

Consumption of meat and meat products in households for the third quarter of 2017 per capita averaged 17.8 kg, which is 0.5% less than in the same...

Agriculture

16.02.2018

KazAgro should be turned into KazAgrobank

The main instrument for implementing agricultural policy in Kazakhstan is the KazAgro holding. Through it, the Ministry of Agriculture is trying to develop crop production, livestock and food production by providing financing at discount rates, consultations and other services.

However, according to the estimates of the investment bank Halyk Finance, the...

The main instrument for implementing agricultural policy in Kazakhstan is the KazAgro holding. Through it, the Ministry of Agriculture is trying to develop crop production, livestock and food production by providing financing at discount rates, consultations and other services.

However, according to the estimates of the investment bank Halyk Finance, the...

16.02.2018

Vegoil tycoons: Kazakhstan’s companies provided the market with sunflower oil for three quarters

Last year, Kazakhstan oil mills produced 135.9 thousand tonnes of refined oil (+7.1% on-year) and 123.6 thousand tonnes of unrefined produce (+3.7%).

The largest volumes of refined oil production are concentrated in the East Kazakhstan region (46.9% of the Republic of Kazakhstan), the Aktobe region (27%) and Almaty (18%), and those...

Last year, Kazakhstan oil mills produced 135.9 thousand tonnes of refined oil (+7.1% on-year) and 123.6 thousand tonnes of unrefined produce (+3.7%).

The largest volumes of refined oil production are concentrated in the East Kazakhstan region (46.9% of the Republic of Kazakhstan), the Aktobe region (27%) and Almaty (18%), and those...

16.02.2018

Farmers in southern Kazakhstan complain about high cost of oilseeds and grains

There are more than 30 thousand head of cattle in the farms of the Sayram district of the South Kazakhstan region. But farmers do not have enough fodder for them: there are no pastures and lands for growing fodder crops, and therefore farmers have to buy feed in neighbouring regions...

There are more than 30 thousand head of cattle in the farms of the Sayram district of the South Kazakhstan region. But farmers do not have enough fodder for them: there are no pastures and lands for growing fodder crops, and therefore farmers have to buy feed in neighbouring regions...

16.02.2018

EU wheat subdued as exports stay sluggish

Paris wheat futures edged lower on Thursday, as a two-week high for the euro against the dollar and European grain data showing sluggish sales underscored the tough outlook for European exports.

Broadly weaker Chicago prices added to pressure on Euronext futures, although concern about drought in the U.S. Plains pushed Kansas...

Paris wheat futures edged lower on Thursday, as a two-week high for the euro against the dollar and European grain data showing sluggish sales underscored the tough outlook for European exports.

Broadly weaker Chicago prices added to pressure on Euronext futures, although concern about drought in the U.S. Plains pushed Kansas...

16.02.2018

U.S. soyabean, soyameal futures extend weather-driven rally

U.S. soyabean futures rose on Thursday to their highest level since July 25 as an ongoing drought in key exporter Argentina underpinned prices.

Soyameal futures, which hit a 19-month high, were headed higher for the eight straight session as fears have mounted that Argentina will struggle to meet its export commitments...

U.S. soyabean futures rose on Thursday to their highest level since July 25 as an ongoing drought in key exporter Argentina underpinned prices.

Soyameal futures, which hit a 19-month high, were headed higher for the eight straight session as fears have mounted that Argentina will struggle to meet its export commitments...

Communications and Transportation

16.02.2018

Turkish, Korean firms to build Almaty ring road

Turkish and South Korean companies on Thursday signed a concession agreement to build the Big Almaty Ring Road (BAKAD) project in Kazakhstan, Anadolu reports.

The Turkish firms, Makyol Construction and Alsim Alarko, and South Korean companies -- Korean SK and Korea Expressway Corporation -- inked the agreement to...

Turkish and South Korean companies on Thursday signed a concession agreement to build the Big Almaty Ring Road (BAKAD) project in Kazakhstan, Anadolu reports.

The Turkish firms, Makyol Construction and Alsim Alarko, and South Korean companies -- Korean SK and Korea Expressway Corporation -- inked the agreement to bring the BAKAD...

Regional News

16.02.2018

40 years on, the rising power of Chinese consumers

Decades ago, China was basically a self-sufficient country, and the products on its marketplace were largely dull and limited. But the reform and opening up initiated in 1978 has dramatically changed the country's economic landscape, bringing in a wealth of overseas goods and services, not to mention creating one of...

Decades ago, China was basically a self-sufficient country, and the products on its marketplace were largely dull and limited. But the reform and opening up initiated in 1978 has dramatically changed the country's economic landscape, bringing in a wealth of overseas goods and services, not to mention creating one of...

16.02.2018

Russia’s oil production in Arctic may hit peak in 2020s

Russia’s oil production in the Arctic will reach peak levels in the 2020s, head of the state commission on natural resources Igor Shpurov said on Thursday.

Over 2017, he said, Russia produced in the Arctic about 76 million tonnes of oil, and the production would be growing to 2026 hitting a...

Russia’s oil production in the Arctic will reach peak levels in the 2020s, head of the state commission on natural resources Igor Shpurov said on Thursday.

Over 2017, he said, Russia produced in the Arctic about 76 million tonnes of oil, and the production would be growing to 2026 hitting a...

16.02.2018

Russia may curtail gas production in Crimean shelf zone

Russia plans to stop production at the largest gas field in the Crimean shelf zone, Odesskoye, due to a legal battle with Ukraine in the International Court of Arbitration initiated by Kiev in September 2016, RBC writes citing three federal officials.

Ukraine’s claims cover a wide range of issues related to...

Russia plans to stop production at the largest gas field in the Crimean shelf zone, Odesskoye, due to a legal battle with Ukraine in the International Court of Arbitration initiated by Kiev in September 2016, RBC writes citing three federal officials.

Ukraine’s claims cover a wide range of issues related to...

16.02.2018

Tajikistan expected to increase power supply to Afghanistan up to 1.5 billion kilowatt hours of electricity

Tajikistan will increase the volume of electricity being supplied to Afghanistan during the summer period.  Tajikistan also intends to raise the price for electricity being delivered to Afghanistan by 3 percent.  

“Tajikistan plans to increase power supply to Afghanistan this year by 200 million kWh.  Besides the price for electricity being...

Tajikistan will increase the volume of electricity being supplied to Afghanistan during the summer period.  Tajikistan also intends to raise the price for electricity being delivered to Afghanistan by 3 percent.  

“Tajikistan plans to increase power supply to Afghanistan this year by 200 million kWh.  Besides the price for electricity being...

16.02.2018

Central Asia’s largest glass production facility launched in Turkmenistan

The largest glass manufacturing enterprise in the Central Asian region, Türkmen aýna önümleri (Turkmen glass products), was opened in Ovadandepe, 25 kilometers north of Ashgabat, the Turkmen leader's press service reported on February 14.

“At the initial stage, 15 types of products are planned to be produced here, the assortment will...

The largest glass manufacturing enterprise in the Central Asian region, Türkmen aýna önümleri (Turkmen glass products), was opened in Ovadandepe, 25 kilometers north of Ashgabat, the Turkmen leader's press service reported on February 14.

“At the initial stage, 15 types of products are planned to be produced here, the assortment will...

16.02.2018

Ashgabat hosts UN diplomacy think tank brainstorm

A round table dedicated to the activity of the UN Regional Center for Preventive Diplomacy for Central Asia (UNRCCA) was held in the Turkmen Foreign Ministry, the Turkmen Foreign Ministry said in a message.

According to the message, Special Representative of the UN Secretary General for Central Asia, Head of the...

A round table dedicated to the activity of the UN Regional Center for Preventive Diplomacy for Central Asia (UNRCCA) was held in the Turkmen Foreign Ministry, the Turkmen Foreign Ministry said in a message.

According to the message, Special Representative of the UN Secretary General for Central Asia, Head of the...

Prices and Statistics

16.02.2018

Commodities

Date: February 16, 2018; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 61.72 +0.38 +0.62% Mar 2018 12:44 AM
CO1:COMBrent Crude (ICE) USD/bbl. 64.72 +0.39 +0.61% Apr 2018 12:43 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 174.27 +0.69 +0.40% Mar 2018 2/15/2018
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.56 -0.02 -0.93% Mar 2018 12:44 AM
HO1:COMHeating Oil (Nymex) USd/gal. 190.03 +0.87 +0.46% Mar 2018 12:06 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,361.10 +5.80 +0.43% Apr 2018 12:45 AM
XAUUSD:CURGold Spot USD/t oz. 1,358.51 +4.84 +0.36% N/A 12:55 AM
SI1:COMSilver (Comex) USD/t oz. 16.86 +0.06 +0.38% Mar 2018 12:45 AM
HG1:COMCopper (Comex) USd/lb. 325.75 +1.20 +0.37% May 2018 12:45 AM
XPTUSD:CURPlatinum Spot USD/t oz. 1,007.49 +5.39 +0.54% N/A 12:55 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 368.00 +0.25 +0.07% May 2018 12:32 AM
W 1:COMWheat (CBOT) USd/bu. 477.25 +2.00 +0.42% May 2018 12:28 AM
CC1:COMCocoa (ICE) USD/MT 2,134.00 +50.00 +2.40% May 2018 2/15/2018
CT1:COMCotton #2 (ICE) USd/lb. 76.80 +0.03 +0.04% May 2018 12:24 AM
LC1:COMLive Cattle (CME) USd/lb. 127.25 +2.03 +1.62% Apr 2018 2/15/2018

Date: February 16, 2018; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 61.72 +0.38 +0.62% Mar 2018 12:44 AM
CO1:COMBrent Crude (ICE) USD/bbl. 64.72 +0.39 +0.61% Apr 2018 12:43 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 174.27 +0.69 +0.40% Mar 2018 2/15/2018
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.56 -0.02 -0.93% Mar 2018 12:44 AM
HO1:COMHeating Oil (Nymex) USd/gal. 190.03 +0.87 +0.46% Mar 2018 12:06 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,361.10 +5.80 +0.43% Apr 2018 12:45 AM
XAUUSD:CURGold Spot USD/t oz. 1,358.51 +4.84 +0.36% N/A 12:55 AM
SI1:COMSilver (Comex) USD/t oz. 16.86 +0.06 +0.38% Mar 2018 12:45 AM
HG1:COMCopper (Comex) USd/lb. 325.75 +1.20 +0.37% May 2018 12:45 AM
XPTUSD:CURPlatinum Spot USD/t oz. 1,007.49 +5.39 +0.54% N/A 12:55 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 368.00 +0.25 +0.07% May 2018 12:32 AM
W 1:COMWheat (CBOT) USd/bu. 477.25 +2.00 +0.42% May 2018 12:28 AM
CC1:COMCocoa (ICE) USD/MT 2,134.00 +50.00 +2.40% May 2018 2/15/2018
CT1:COMCotton #2 (ICE) USd/lb. 76.80 +0.03 +0.04% May 2018 12:24 AM
LC1:COMLive Cattle (CME) USd/lb. 127.25 +2.03 +1.62% Apr 2018 2/15/2018
16.02.2018

Exchange Rates

Date: February 16, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 320.42
1 EURO EUR / KZT 400.01
1 RUSSIAN ROUBLE RUB / KZT 5.66
1 CHINESE YUAN CNY / KZT 50.51
1 KYRGYZIAN SOM KGS / KZT 4.72
1 CANADIAN DOLLAR CAD / KZT 256.79
1 AUSTRALIAN DOLLAR AUD / KZT 254.77

Date: February 16, 2018; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

320.42

1 EURO

EUR / KZT

400.01

1 RUSSIAN ROUBLE

RUB / KZT

5.66

1 CHINESE YUAN

CNY / KZT

50.51

1 KYRGYZIAN SOM

KGS / KZT

4.72

1 CANADIAN DOLLAR

CAD / KZT

256.79

1 AUSTRALIAN DOLLAR

AUD / KZT

254.77