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The Russian petrochemical company Sibur and the Chinese Sinopec can both get a 30% stake each in the Kazakhstani polyethylene project Silleno, according to Dastan Abdulgafarov, deputy head of KazMunayGas (KMG) for strategy, investments and business development.

As the official noted, KMG is going to have a 40% stake in the project.

«The project’s shares might be distributed as follows: 29.9% for KMG, 10.1% for KMG Petrochem (a subsidiary of KMG), 30% for SIBUR and 30% for Sinopec,» Abdulgafarov said. However, he admitted that this is «only the target structure of the project» and the final...

Kazakhstani producers of grain have temporarily stopped the export of wheat to China due to low prices offered by Chinese importers, according to Zeinolla Abdumanapov, head of the National Association of Exporters KazGrain.

«The Chinese side currently offers $240 per ton. However, Kazakhstani exporters think that this is too low given that there are many factors affecting the actual price. They want at least $245-250 per ton from the Chinese,» he said.

As the official noted, Kazakhstan Railways has cleared this month’s export of 23 railway trains loaded with grain toward China. However, as of...

According to the press service of Air Astana, the company transported 7.4 million passengers last year. This year, it is planning to beef up this number to 8.4 million passengers (+13.4%).

In October 2022, the airline completed the process of redomiciliation, when all its aircraft were removed from the Aruba island jurisdiction and put under the jurisdiction of Ireland, which uses EASA standards. The company’s top management said that the adaption of European jurisdiction is going to raise its safety standards.

In its annual report, the company also said that it is expecting its low-cost FlyArystan division to transport many...

Adani Group, controlled by Gautam Adani, a billionaire from India, examined several sites in Kazakhstan to find a suitable location for its one-gigawatt coal power plant, Samruk Energy reported.

«We are in touch with Adani Group as the company is thinking about the construction of a one-gigawatt coal power plant. We organized the company’s representatives’ visit on several sites, provided them with the necessary information and explained how the Kazakhstani legislation works in terms of return on investments,» Samruk Energy said in a statement.

The Kazakhstani-authorized company is still waiting for Adani Group to articulate...

According to the Association of Kazakhstan Auto Business (AKAB), in June 2023, Kazakhstani car dealers sold 15,900 passenger cars and light commercial vehicles, as well as 943 trucks and buses. This is a 41.2% increase over June last year.

Over the first six months of the year, there were 83,200 new cars sold, which is 1.6 times more than a year earlier. Over the period from January to June 2023, car sales in Kazakhstan were similar to sales in the period from 2013 to 2014, experts from AKAB said.

The association is now forecasting that at least 150,000 vehicles will...

According to Elizabeth Horst, principal deputy assistant secretary and deputy assistant secretary for Pakistan Bureau of South and Central Asian Affairs, the U.S. government is working to reduce Kazakhstan’s dependence on Moscow in the energy sector, as the U.S. and Kazakhstan are long-term partners in this sphere. She made this statement at hearings in the House Foreign Affairs Committee, the Russian TASS news agency reported.

What happened? While delivering a speech at a House Foreign Affairs Committee hearing Horst said that the US is helping the Central Asian states to cope with the consequences of anti-Russian sanctions and are ready...

Ten Russian athletes have been naturalized in Kazakhstan since the start of the Russian invasion of Ukraine. Because of the war, they couldn’t take part in international competitions as Russian citizens.

What happened?

«After analyzing news about the change of nationality, open data about athletes in international tournaments and open registers of sports federations, we counted 204 Russian athletes who have changed or are about to change their nationality,» the Kholod outlet reported.

In terms of «hospitality» for Russian athletes Kazakhstan is ranked sixth. Currently, ten former Russian citizens represent this country on the global...

The official inauguration of President Shavkat Mirziyoyev of Uzbekistan was held in the capital city of Tashkent. The ceremony was held at a joint meeting of the two chambers of the Uzbek parliament Oliy Majlis.

The newly elected president of Uzbekistan has taken an oath on the Quran and the Constitution of Uzbekistan. In his inaugural speech, President Mirziyoyev underlined that, despite the disagreements between different political parties in the country, all of them are united by the interests of the nation.

«For me personally, to be elected President of the Republic of Uzbekistan is a...

Alina Aldambergen, head of the Kazakhstan Stock Exchange (KASE) shared her vision on whether the current situation on the stock market in Kazakhstan is suitable for initial public offering (IPO) by big companies in Kazakhstan. At a press briefing, she told journalists that almost all global markets report positive news and the pent-up demand is still in place all over the world.

«This year we still see this special period of post-pandemic demand (pent-up demand) that is driving the growth of the global economy. Last year, some economies were affected by international sanctions and high inflation...

As the press service of Kazakhstan Railways reported, the amount of cargo traffic through the Trans-Caspian International Transport Route (TITR) over the period from January to June reached 1.3 million tons this year, which is 1.8 times more than last year. This statement was made after a meeting between railway officials from Kazakhstan and Azerbaijan and Kazakhstani exporters and cargo shippers.

The two sides agreed to put in joint efforts in order to speed up the process of cargo shipment via the TITR, improve the information-sharing process on the location of locomotives and cars and expand seaport infrastructure. They also...

According to Nurlan Zhakupov, head of the Samruk Kazyna holding, there are going to be a lot of obstacles in the way of the nuclear power plant (NPP) project in Kazakhstan. Also, even though there are four potential contractors for the project, the official mentioned just one, the Russian Rosatom.

«There are some issues with the location of an NPP. We have to examine everything carefully and make a final decision on the location because if you are going to build an NPP you want a source of water nearby and no risk for the environment...

According to Minister of National Economy Alibek Kuantyrov, over the period from January to June 2023, the growth rate of Kazakhstan’s gross domestic product (GDP) was 5%.

«According to the results of the first six months of the year, the growth rate of Kazakhstan’s economy was 5%, including a 4.8% growth of the real sector and a 4.9% increase in the service sector,» the minister said at a cabinet meeting.

Given that from January to May the country’s economic growth rate was at 4.5%, the GDP growth acceleration rate later was 0.5 percentage points.

As...

Tariffs for heat, water and electricity will increase by 10% to 30% on average in Kazakhstan this year. According to Minister of Energy Almasadam Satkaliyev, even though this decision is unpopular, people in Kazakhstan will see its benefits in the future.

What purpose will the additional funds be allocated for? The energy minister highlighted that the tariff increase is necessary for launching an overhaul of critical energy facilities. The government has already allocated $824.7 million, including $195.6 million for maintenance of the heating infrastructure and $634.7 million for an overhaul of the water supply and sewing infrastructure. In addition, the...

According to the Eurasian Economic Commission (EEC), Kazakhstan has eliminated the last barrier that prevented suppliers from the Eurasian Economic Union from participating in the public procurement of certain goods in Kazakhstan. Previously, only those companies registered in the country were allowed to take part in public procurement.

As the EEC reported on its website, Kazakhstani companies used to be the only businesses eligible for taking part in public procurement because they were able to obtain an industrial certificate from Atameken, the National Chamber of Entrepreneurs. The chamber issued this certificate only to local companies. In addition, suppliers of electronics...

President Kassym-Jomart Tokayev has signed the law on online platforms and online advertising that will oblige Kazakhstani bloggers and influencers to pay taxes.

What novelties does the new law introduce? The document introduces the notion of «influencer» and puts legal responsibility on them for the information they spread online. All bloggers with a large audience will be required to label sponsored posts to inform their followers if a post is paid. They also will be obliged to pay taxes for such paid content. Disinformation and fakes will be punished with fines.

What is the penalty for fake news? The spread...

According to the press service of the Ministry for Emergency Situations, Deputy Minister Marat Kuldikov wrote a report on his dismissal from his post at his own request. This was reported to “Kursiv” in the press service of the department.

«The procedure of his official resignation is underway,» the agency said.

What happened? Last month, President Kassym-Jomart Tokayev visited the Abay region when there was a massive wildfire. He was angry with the actions of responsible officials and even stopped short a report by Kuldikov by calling it «irrelevant.»

«The minister...

Polymetal International plc, the biggest producer of silver and one of the biggest producers of gold in Russia announced its intention to leave the London Stock Exchange (LSE). The company also said that it has gotten a 75% stake in the copper and gold Baksy project in North Kazakhstan.

«Polymetal International plc is announcing its intention to stop listing on the LSE if shareholders have no objections,» the company said in a statement.

Polymetal’s board of directors believes that the delisting from LSE serves the company’s and its shareholders’ interests. With that in mind, the...

The Central Election Commission of Uzbekistan has revealed the preliminary results of the presidential elections in the country. According to this data, Shavkat Mirziyoyev, the current president of Uzbekistan, won 87.05% of the vote. President Kassym-Jomart Tokayev of Kazakhstan was the first to congratulate his colleague on the victory.

As the CEC reported, Robakhon Makhmudova, the first deputy chairman of the Supreme Court, won 4.43% of the vote, Ulugbek Inoyatov, the leader of the People’s Democratic Party, won 4.02% of the vote, and Abdushukur Khamzaev, the head of the Ecological Party, won 3.74% of the votes.

China will assist Kazakhstan with launching the manufacturing of gondolas, towers and wings for renewable sources of energy (RSE). A new plant, which is going to be located on Kazakhstan’s soil, will possibly rely on local raw materials. This information was announced during the official visit of Minister of Industry and Infrastructural Development Marat Karabayev to China.

The minister visited the Nankou Industrial Park of SANY Renewable Energy where wind turbines are produced. China has promised to assist Kazakhstan in the construction of similar sites.

«The company is planning to launch similar manufacturing in Kazakhstan with...

The amount of oil production and oil refining has declined for the second day in a row in Kazakhstan. Both industries have suffered a sharp decline in output by 20.8% and 45.8% respectively, according to the Information and Analytical Center for Oil and Gas (IACOG) under the Ministry of Energy.

On July 4, Kazakhstan produced 200,100 tons of oil and 142 million cubic meters of gas, while oil refineries processed 20,200 tons of oil. The price of Brent crude oil that day was $76.11 per barrel, the IACOG reported.

On July 3, oil and gas condensate production amounted to...

German HMS Bergbau AG is planning to put $700 million in lithium production in Kazakhstan once it obtains full control over a local company that runs two lithium fields, according to Minister of Industry and Infrastructural Development Marat Karabayev.

«German public company Bergbau has bought 51% of shares of a Kazakhstani business. The German company is now its major stakeholder… They run lithium fields in the eastern part of the country. The exploration work is already done and now we are talking about production,» he told journalists.

As the official noted, a Kazakhstani company will...

KazTransOil, a subsidiary of the national oil company KazMunayGas, reported that in the second quarter this year, it exported 347,100 tons of oil through the Baku – Tbilisi – Ceyhan pipeline, which stretches across Azerbaijan, Georgia and Turkey, compared to 19,200 tons in the first quarter.

«In Q2 2023, KazTransOil exported 347,100 tons of oil from the Tengiz oil field through the seaport of Aktau and further the Baku – Tbilisi – Ceyhan pipeline. In Q1 2023, KazTransOil exported just 19,200 tons of the Tengiz oil via the same route,» the company said in a statement...

The suspension of oil production in several oil fields in Western Kazakhstan is due to problems with the power supply, KazMunayGaz said in a statement on its website.

The four companies Ozenmunaygasl, Mangistaumunaygas, Karazhanbasmunai and Embamunaigas have suspended oil production on a range of oil fields across the Mangystau and Atyrau regions.

Oil companies say that they will restart oil production as soon as the power supply is restored. However, it is still unclear exactly when the blackout will be over.

On July 3, the Mangystau Nuclear Power Plant (MAEK) reported a power failure after a 130-megawatt reactor suddenly stopped...

According to President Kassym-Jomart Tokayev, one of the crucial tasks the Shanghai Cooperation Organization (SCO) has been assigned is to prevent a geopolitical rift between the East and West.

«At this point in history, the key task of our countries should be the prevention of geopolitical rift between the East and West. The SCO can and must offer the world its vision of sustainable peace across the world,» he said at a meeting of the council of heads of state members of the SCO.

As the president noted, once Kazakhstan presides in the organization, it...