Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 06 Jan 2023 by Alexander Kudrin

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Dec 27 Ministry of Industry and Infrastructure Development: Kazakhstan intends to attract $874 mln from international financial organizations for the construction of treatment facilities Dec 28 Parliament: Kazakhstan introduces digital mining licensing Samruk-Kazyna: Rosatom has several advantages over other competitors for the construction of nuclear power plants in Kazakhstan Samruk-Kazyna: The gas processing capacity at Kashagan can be increased in the future from 1 bcm to 10 bcm per year Dec 29 President: Kazakhstan's economic growth in 2023 should be at least 4% Kaztransoil: The company has submitted an application to Transneft for the transportation of 1.2 mln tons of oil to Germany in 2023 Dec 30 Ministry of Energy: Kazakhstan intends to produce 90.5 mln tons of oil in 2023 (84 mln tons in FY22) and to export 71 mln tons from it (64.8 mln tons in FY22) Ministry of Energy: Kazakhstan intends to increase gas production by 3.5% to 53.5 bcm in 2023 Russian Government: Moscow approved the extension for 10 years of the agreement with Kazakhstan on transit to China up to 10 mln tons of oil per year Jan 1 CSTO: Representative of Kazakhstan Imangali Tasmagambetov assumed the post of Secretary General of the Collective Security Treaty Organization (CSTO) on January 1. Jan 3 President: Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev hold a telephone conversation, during which discussed cooperation in several areas, including the fuel and energy complex Jan 4 Bureau of National Statistics: Inflation in December decelerated to 1.2% m-o-m (from 1.8% in September, 1.6% in October, and 1.4% in November), which brought inflation y-o-y to 20.3%. Food i...