Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 10 Aug 2023 by Evgeny Gavrilenkov
Jul 28 Ministry of Industry and Infrastructure Development: Kazakhstan and Qatar have agreed to double the number of flights between the two countries. Prime minister: The potential capacity of a gas processing plant in Kashagan (to be built in the area) has been increased from 2 to 4 bcm/year Samruk-Kazyna: Kazakhstan intends to increase the capacity of the terminal for the transshipment of containers on the border with China by 1.5 times - from 540K to 800K containers (TEU) per year Aug 1 Bureau of National Statistics: Inflation in Kazakhstan in July was 0.6% m-o-m, 14% y-o-y NBK: The Bank plans to purchase foreign currency worth KZT 140 bln ($313.9 mln) by the end of 2023 to create and finance Kazakhstan's Deposit Guarantee Fund KMG: In 1H23, the company increased oil and condensate production by 10.1% y-o-y (to 11.86 mln tons) and gas production by 16.5% y-o-y (to 4.8 bcm) Aug 2 TCO: The company increased oil production by 4.2% y/y (to 14.9 mln tons) in 1H23 NBK: At the end of July 2023, investments of non-residents in sovereign bonds reached KZT 559 bln ($1.26 bln), the highest volume since March 2022 Aug 3 Altyn Astyk Group: The company plans to supply 100K tons of soft wheat to Afghanistan from Sep 2023 to May 2024 Aug 4 Ministry of Trade: Kazakhstan extends the ban on the export of diesel fuel and some other types of petroleum products by road for six months Prime Minister: Mr. Smailov met the CEO of CPC and discussed the competitiveness of alternative oil export routes from Kazakhstan. CPC: The company raised the forecast of oil pumping in 2023 to 61-62 mln tons (up from 60-61 mln tons) Aug 7 Energy Ministry: Kazakhstan plans to deliver 100K tons of oil to Ger...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.