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News: Friday, June 24, 2016 -- Issue 2522 http://www.newsline.kz/rss/

Article of the Day

SCO Leaders Meeting In Tashkent
    Presidents of member states and countries with the status of observers of the Shanghai Cooperation Organization (SCO) were in Uzbekistan's capital, Tashkent, on June 23 for the start of a two-day summit.
    SCO leaders at the gathering are talking about issues that include regional security and the current situation in Afghanistan.
    The Kremlin said on June 22 that the possible accession to the SCO of India and Pakistan during 2017 would be discussed.
    Russian presidential aide Yury Ushakov said on June 22 that the possible future admission of Iran to the SCO would be discussed.
    The current members of the SCO are Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.
    Afghanistan, Belarus, India, Iran, Mongolia, and Pakistan currently have observer status in the group.
    Chinese President Xi Jingpin arrived in Tashkent earlier in the week for bilateral talks with Uzbek President Islam Karimov.
    Russian President Vladimir Putin was expected to arrive in Tashkent later on June 23 and travel to Beijing for a two-day diplomatic visit starting on June 24 after the conclusion of the SCO Summit, according to RFE/RL.

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Kazakhstan General

Astana Parks designed for any mood or occasion
    By Kamila Zhumabayeva
    Summer is the time for outdoor activities with friends and family. The capital’s green city parks are the perfect place for enjoying some alone ...
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CIS might develop as dialogue platform
    The Kazakhstan’s president said that the CIS states agreed to reduce bureaucracy in the organization and noted that it was necessary to discuss one or two ...
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Oil and Gas Sector

Kazakhstan ups gas production – OPEC
    By Elena Kosolapova
    Kazakhstan in 2015 increased production of marketable gas by five percent to 21.16 billion cubic meters, according to OPEC's Annual Statistical Bulletin.
    Gas exports from ...
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Massimov, ExxonMobil VP discuss Kashagan issues
    On June 23, Prime Minister Karim Massimov met with ExxonMobil Senior Vice President Mark W. Albers, a government news release said.
    "I have met with Senior Vice ...
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Cash coming again from Kashagan
    Kazakhstan is preparing to resume oil and gas production from the giant offshore Kashagan sour oil field, which also contains 1 trillion m3 of associated gas.
    Prime ...
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Temporary state regulation of liquefied gas prices introduced in Mangistau
    Temporary state regulation of liquefied natural gas price introduced for 180 days in the Mangistau Oblast, the Ministry of National Economy of Kazakhstan announced Thursday.
    The move ...
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Oil prices fall 6% as ‘leave’ camp leads in ‘Brexit’ vote
    By Jenny W. Hsu
    Crude-oil prices slid more than 6% in midday Asian trade Friday, their lowest in a week, as preliminary results of the U.K. “Brexit” ...
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More than 300 workers go on strike in the Romanian KMG department
    Workers of Petromidia refinery in Romania belonging to KazMunayGas national company through its affiliated company KMG International went on strike, reports the Trend news agency.
    "More than ...
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"Samruk-Kazyna" SWF comments on shares acquisition from Kashagan shareholder
    "Samruk-Kazyna" Sovereign Welfare Fund has acquired 882.2 thousand ordinary shares from a limited liability company "KMG Kashagan B.V." for its working capital financing, said the fund.
    "On ...
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Energy Industry

Astana hosts Seminar on Development of Energy and Industry Cooperation between Kazakhstan and Japan “Future of Energy and Japanese Technologies”
    On 28 June 2016, the Radisson Hotel in Astana will host a Seminar on the development of Energy and Industry Cooperation between Kazakhstan and Japan “Future ...
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Finance and Investment

Kazakh central bank decreasing currency interventions
    By Elena Kosolapova
    The Kazakh National Bank’s share in Kazakhstan’s currency market decreased to 29.1 percent in May, the bank said in a message June 23.
    According to ...
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Asian Infrastructure Investment Bank set to pick first projects
    By Issaku Harada
    The Asian Infrastructure Investment Bank will consider its first batch of projects Friday, with the Bangladeshi power grid seen as a main beneficiary of ...
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Kazakhstan, Russia mull joint projects for $25 billion
    Russia and Kazakhstan are discussing joint projects with a combined value of $25 billion, Kazakh President Nursultan Nazarbayev told the Russia-24 TV channel, Sputnik International news ...
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Tenge drops to KZT 340 per dollar over Brexit
    US dollar weighted average rate with settlements T+0 in the tenge totalled KZT 340.07 per dollar (KZT+3.44) on June 24, the Kazakhstan Stock Exchange said.
    World oil ...
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Presidents of Kazakhstan and Pakistan meet on sidelines of SCO Summit
    President Nursultan Nazarbayev met in Tashkent on Friday with Pakistani President, Mamnoon Hussain.
    The two are in Tashkent, Uzbekistan for the SCO Summit.
    A news release from the ...
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Center for sustainable agriculture opens in Almaty
    Farmers of the new generation of Kazakhstan will help to increase the export potential of the agricultural sector of the country. How to change the system ...
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Nazarbayev expresses desire to develop business despite sanctions
    The St. Petersburg International Economic Forum (SPIEF), that was held on June 16-18, showed Russia’s determination to develop business despite the problems in relations with the ...
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More than 140 000 depositors may fail to get compensation on their housing savings after July 1
    The voluntary agreements on 140 464 agreements on housing savings have not been signed yet liable to compensation of deposits, reports Zhylstroysberbank of Kazakhstan.
    "For this moment ...
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Metals and Minerals

Centerra Gold to keep Kumtor mine open as Kyrgyzstan hands key permits
    Centerra Gold (TSX:CG) scored Thursday a significant victory in its long-dragged dispute with the Kyrgyz Republic over Kumtor mine after authorities handed the Canadian firm two ...
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Kazakhstani metal-maker in ArcelorMittal Temirtau is paid 24 time less than his peer in the US
    A metal maker of ArcelorMittal Temirtau is paid $3 per hour, 24 times lower the size of a wage of peers in the US, reports Kazprofmetal, ...
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Communications and Transportation

New cargo transportation company to be created in railway branch in Kazakhstan until July 1
    Kazakhstan Temir Zholy plans to create a new company "KTZ- Cargo transportations" until July 1, reports the national business chamber Atameken.
    "Vice president of the national company ...
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Regional News

Turkey’s rift with Moscow frays ties with Turkic kin
    By Yaroslav Trofimov
    Over the past quarter-century, they have all built close business, educational and cultural ties with Turkey. With no reconciliation in sight between Mr. Erdogan ...
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Putin not discussing fraud case against Shulginov, Kremlin says
    The Kremlin says President Vladimir Putin has not discussed the detention of the former chief of state power generator Rushydro with the company’s new director-general, Nikolai ...
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IAAF insists on 'neutral' status for Russian track athletes
    The International Association of Athletics Federations (IAAF) has issued guidelines for Russian track-and-field athletes seeking "permission" to compete in the Rio Olympics in August.
    Individual Russian athletes ...
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Ukraine cuts key interest rate for third month
    Ukrainian monetary-policy makers have cut borrowing costs for a third month, citing a slowdown in inflation and a rebound of the national currency, and promised more ...
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Lukashenko in Tashkent for SCO Summit
    Belarusian President Alexander Lukashenko arrived in Uzbekistan on a working visit. A session of the Council of Heads of State of the Shanghai Cooperation Organization will ...
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China's Shanghai Cooperation Group Declines Russian Bid To Enlist Iran
    The China-led Shanghai Cooperation Organization refused to enlist Iran on June 23 despite a request from Russia.
    While begun in China, the Asian security bloc has served ...
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Chinese Silk Road investment up 20% to $15 billion, claims President Xi
    Chinese companies invested nearly US $15 billion in countries along the new Silk Road last year, 20% more than in 2014, President Xi Jinping told a ...
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India, Uzbekistan agree to step up security cooperation
    Prime Minister Narendra Modi on Thursday held a meeting with Uzbekistan President Islam Karimov during which the two leaders called for more security cooperation to further ...
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Uzbekistan & China - friends in a time of need
    Deputies in Uzbekistan’s parliament burst into regular rounds of enthusiastic, standing applause as they listened to a speech by Chinese President Xi Jinping.
    Xi’s address on June ...
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Uzbeks arrest GM Motors director for embezzlement
    Authorities in Uzbekistan have arrested the acting general director of part US-owned carmaker GM Uzbekistan on suspicion of embezzlement, RFE/RL’s Uzbek service has reported.
    Ozodlik cited an ...
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Prices and Statistics

Commodities
    

Date: June 24, 2016; Source: Bloomberg.com

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 48.85 -0.52 -1.05% Aug 2016 6/21/2016
USD/bbl. 47.66 -3.25 -6.38% Aug 2016 1:18 AM
USd/gal. 151.99 -8.36 -5.21% Jul 2016 1:16 AM
USD/MMBtu 2.64 -0.06 -2.22% Jul 2016 1:18 AM
USd/gal. 143.84 -8.22 -5.41% Jul 2016 1:17 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,337.00 +73.90 +5.85% Aug 2016 1:18 AM
USD/t oz. 1,330.74 +73.90 +5.88% N/A 1:28 AM
USD/t oz. 17.81 +0.46 +2.63% Sep 2016 1:18 AM
USd/lb. 208.40 -7.85 -3.63% Sep 2016 1:18 AM
USD/t oz. 979.20 +13.30 +1.38% N/A 1:28 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 382.25 -10.25 -2.61% Sep 2016 1:18 AM
USd/bu. 454.00 -11.75 -2.52% Sep 2016 1:18 AM
USD/MT 3,184.00 +28.00 +0.89% Sep 2016 6/23/2016
USd/lb. 64.12 -1.30 -1.99% Dec 2016 1:18 AM
USd/lb. 113.85 +2.23 +1.99% Aug 2016 6/23/2016
 

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Exchange Rates
    

Date: June 24, 2016; Source: the National Bank of Kazakhstan

1 USD KZT 336.63 1 CHF

KZT 353.27

1 CNY

KZT 51.23

1 TRY KZT 117.11 1 JPY KZT 3.21
1 EUR

KZT 383.39

1 AUD

KZT 255.37

1 KGS KZT 4.99 100 UZS KZT 11.49 100 BYR KZT 1.7
1 GBP KZT 500.5 1 CAD KZT 264.96 1 RUB KZT 5.26 100 KRW KZT 29.4 1 UAH KZT 13.55

 

 

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