Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 29 Jun 2023 by Evgeny Gavrilenkov
Jun 16 Bureau of National Statistics: Industrial production in Kazakhstan in Jan-May grew by 2.4% y-o-y Ministry of Agriculture: Kazakhstan allocated over $220 mln from the State budget for the creation of 65 dairy farms in 2023 Qazaqgaz: The company and Gazprom signed an agreement on the transportation of Russian gas to Uzbekistan, the supply is due to start at the end of 2023 Energy Ministry: The Ministers of Energy of Kazakhstan and Russia extended agreements on the transit of Russian oil with an increase in volumes to 10 mln tons until the end of 2033 Jun 20 Energy Ministry: Kazakhstan intends to increase monthly oil pumping to Germany via the Druzhba pipeline by 100K tons (which will be a fivefold increase) Germany: Kazakhstan and the EU maintain close contact on the issue of countering the circumvention of sanctions against Russia, German President Mr. Steinmeier President: Kazakhstan is ready to provide Germany with energy and raw materials, which are especially important in the current complicated geopolitical period President: Kazakhstan and Germany have agreed to develop joint exploration and development of natural resources Monterra: The company signed an investment agreement for the construction of a plant for the production of Dore alloy worth EUR1.7 bln Jun 21 DBK: The bank plans to attract up to EUR 500 mln from the German Landesbank Baden-Wuerttemberg for financing investment projects Jun 22 KMG: The company has withdrawn from the petrochemical JV Butadiene project, established in 2021 with the Russian Tatneft and where it owned 25% KMG: The company and SOCAR (Azeri state-owned company) have signed a memorandum on strategic cooperation on the transit of...

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