Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 29 May 2025 by Evgeny Gavrilenkov
May 15 Tengizchevroil: The company increased oil production by 25% y-o-y in 1Q25. Oil transportation: The volume of oil transportation via the Baku-Tbilisi-Ceyhan pipeline decreased in 4M25 by 3% y-o-y Sanctions: The US has lifted a ban on previously imposed restrictions to provide services to CPC and Tengizchevroil. May 16 Bureau of National Statistics: In 4M25, Agricultural production in Kazakhstan increased by 3.9%. Bureau of National Statistics: Industrial production increased by 6.6% y-o-y in 4M25. Bureau of National Statistics: Cargo turnover was up by 14.3% y-o-y in 4M25. Bureau of National Statistics: Investments in production capacity grew by 13.7% y-o-y in 4M25. Kazakhtelecom: The company will pay record-high dividends for 2024 totaling $575 mln, out of which $452 mln will be paid to the state-owned Samruk-Kazyna. CPC: The company increased oil transportation by 3.8% y-o-y in 1Q25. KMG: The company increased oil production by 5.8% y-o-y in 1Q25. May 17 President: Russian President Mr. Putin congratulated the Kazakh President Mr. Tokayev on his birthday, noting his contribution to strengthening strategic partnership relations. May 19 Finance Ministry: Kazakhstan may issue Eurobonds in July. Oil transportation: China has proposed to increase oil supplies from Russia by 2.5 mln tons per year through Kazakhstan, but infrastructure expansion is needed. May 23 National pipeline company: KazTransOil increased its dividends by 32% in 2024 CPC: The company commissioned the Kropotkinskaya oil pumping station, which was restored after a drone attack in February. Fitch: The agency has confirmed the rating of Kazakhstani Bereke Bank B+ with a stable outlook. KMG: The comp...

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