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News: Tuesday, July 04, 2017 -- Issue 2773 http://www.newsline.kz/rss/

Article of the Day

Caspian states work on final harmonisation of positions on sea's status
    An active working process is underway on final harmonisation of positions of all Caspian littoral states on the legal status of the Caspian Sea, Azerbaijans Ambassador to Russia Polad Bulbuloglu said in an interview with TASS.
    "The issue of developing a new legal status of the Caspian Sea aroused following a change in the political geography of the region after the collapse of the USSR, when the two countries were replaced by five Caspian states. To this end, an Ad Hoc Working Group (AHWG) at the level of Deputy Foreign Ministers has been established. To date, 49 meetings of the AHWG have been held, during which a great deal of work to harmonise positions and develop common approaches has been done, he said.
    During the four summits of the Caspian littoral states, serious progress has been recorded, and important agreements that regulate the preservation of the ecological environment and bio resources of the Caspian Sea, prevention and liquidation of the consequences of emergency situations have been concluded, Bulbuloglu added.
    He noted that a rather detailed agreement has been reached on the vast majority of the issues between a number of countries, including Azerbaijan, Kazakhstan and Russia.
    An active work on final harmonization of the positions of all five states on the legal status of the Caspian Sea is underway. In this regard, working results have been achieved, which make it possible to talk about the advisability of holding a meeting of deputy ministers and then the foreign ministers of the Caspian states in order to come up with coordinated proposals for the Fifth Summit of Heads of State scheduled for this year in Kazakhstan, the diplomat said.
    The Caspian Sea is surrounded by the five coastal countries of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan. The Sea has a total surface area of 371,000 km², holding 78,200 cubic km of water.
    The legal status of the Caspian Sea has remained unsolved during the past two decades, preventing development and exploitation of its disputable oil and gas fields and creating obstacles to the realization of major projects.
    Russia, Kazakhstan, and Azerbaijan hold to the principle of dividing into national sectors based on the median line principles since it is an international boundary lake, and leaving the sea surface for general use, i.e. they are for demarcation of mineral resources and the Caspian Sea shelf, but against dividing up its waters.
    Iran seeks an equal division of the Caspian into 5 even sectors, mainly because most of the offshore energy resources are located away from the Iranian coastline. Turkmenistan also demands the division of the Sea into equal parts between the pre-Caspian countries so that each country has 20 percent of the sea.
    The Caspian littoral states signed a Framework Convention for the Protection of the Marine Environment of the Caspian Sea in November 2003.
    Reported by Kamila Aliyeva for AzerNews.

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Kazakhstan General

Participants of next round of Astana process arrived in Kazakh capital
    Participants of the next round of negotiations within the framework of the Astana process on settlement of the situation in Syria arrived in the capital of ...
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Strong heat predicted in Kazakhstan, July forecast slightly warmer than usual
    Fervent heat is expected on 4th, 5th and 6th July, 2017, Kazinform reports with reference to Kazhydromet.
    According to the weather forecasters, the anticyclone, which has shifted ...
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Expo-2017

Amazing things to see in Austrian pavilion of Astana EXPO-2017
    The media center of "Astana EXPO-2017" has held a briefing dedicated to the content and entertainment program of the pavilion of Austria.
    The event was attended by ...
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Aconex Limited drives project collaboration for Expo 2017
    Aconex Limited (ASX:ACX), provider of the #1 global platform connecting teams on construction and engineering projects, helped Sembol Construction, a leading construction firm in Central Asia ...
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Celebrating U.S.-Kazakhstan ties at World EXPO 2017
    This year Americas Fourth of July Independence celebration will be shared with hundreds of other countries and countless guests on the other side of the world ...
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Oil and Gas Sector

Crude exports via CPC terminal up 24.6% to 27.2 mln t in 6M17
    In January-June 2017, crude oil exports via CPC Marine Terminal in Novorossiysk increased by 24.6%, year-on-year, to 27.2 mln t, CPC says.
    The terminal shipped more ...
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Kazakhstan to switch to international oil reserves management system by 2025
    Kazakhstan plans to switch to the international system of oil reserves management by 2025. This was announced by the First Deputy Minister of Energy of Kazakhstan ...
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Caspian Sunrise hits Kazakhstan pay
    London-listed player continues to plan drilling and testing at its BNG contract area
    UK-listed Caspian Sunrise has hit pay at its BNG contract area in Kazakhstan, where ...
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Uzbekistan, Lukoil vow to boost cooperation
    President of Uzbekistan Shavkat Mirziyoyev on June 28 received founder of the Russian oil company Lukoil Vagit Alekperov, who is on a working visit Uzbekistan.
    Alekperov ...
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Med Crude-Urals differentials steady in quiet trade, shipments to Asia continue
    Urals price differentials in northwest Europe and the Mediterranean were stable on Monday in quiet trade, while shipments of Russia's key export blend from the Black ...
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Oil rises more than 2 percent as U.S. crude output slows
    Oil rose more than 2 percent on Monday, resuming its longest stretch of daily gains in more than five years after data pointed to diminished U.S. ...
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EU seeks access for other Russian gas producers to Nord Stream 2
    A draft mandate, prepared by the European Commission for EU energy ministers, includes the demands to partly extend the provisions of the Third Energy Package to ...
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Iran, China, France sign 4.8 billion USD gas deal
    Iran and a consortium of Chinese and French energy giants signed a multi-billion-dollar deal here on Monday to develop a major Iranian gas field in the ...
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Russias Rosneft takes aim at Chinas gas market after clinching deal with Beijing Gas
    Russias largest oil producer Rosneft said on Thursday it was targeting Chinas gas market after completing a US$1.1 billion deal to sell 20 per cent of ...
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Bearish weather revision and higher production data drop gas prices
    Theres nothing like a nice gap lower or higher on a Monday morning. Weather models, primarily the euro (ECMWF), turned bearish in the 6-10 day outlook, ...
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Finance and Investment

OneCoin criminal organisation, claims Kazakhstan regulator
    Back in April Kazakhstan authorities arrested top OneCoin investor Mirsaitova D.K. and several of her local downline.
    The case is being handled by the Economic Investigation Service, ...
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S&P Global Ratings downgrades foreign currency LT credit rating of Development Bank of Kazakhstan
    On June 30, 2017, S&P Global Ratings lowered its long- and short-term foreign and local currency issuer credit ratings on Development Bank of Kazakhstan (DBK) to ...
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Investment in Astana reached $2.4bn in 2016
    In 2016, the volume of investment in Astana City amounted to KZT780bn, Sapar Akhmetov, a Deputy of the Kazakh Mazhilis, announced at Astana - Strategic Vector ...
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Kazkom announces KZT2.4tn loan repayment by BTA Bank
    Kazkommertsbank JSC has notified of the redemption of the loan provided to BTA Bank JSC, Kazinform reports.
    "Kazkommertsbank JSC informs that on July 3, 2017, JSC "BTA ...
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IMC signs agreement with KAZAKH INVEST Company to facilitate exchange of joint investments
    Industrial Modernization Centre (IMC) signed an agreement with KAZAKH INVEST Company to facilitate the exchange of joint investments in the fields of industrial and technology transfer ...
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Kazakh national bank tells about gold bars trade
    A representative of the National Bank of Kazakhstan told Kazinform about the gold ingots sold to the population for the first month of the trade programme.
    "A ...
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Metals and Minerals

President named the opening date of Low Enriched Uranium Bank in Kazakhstan
    Head of State Nursultan Nazarbayev named the opening date of the Low Enriched Uranium Bank in Kazakhstan, Kazinform reports.
    "Instability and tensions on the international scene confirm ...
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Shanghai zinc firms on China steel outlook
    Shanghai zinc futures opened more than 1 percent higher, tracking similar overnight gains in the London market amid expectations the metal's fundamentals had turned a corner, ...
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Clean energy target 'best deal that coal will get', says NSW energy minister
    The Liberal New South Wales energy minister has delivered a speech marking a sharp departure from his federal colleagues saying the coal-fired power industry should accept ...
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Uranium week: slow process
    Having spent most of the month of June trading under US$20/lb, two weeks ago the uranium spot price finally managed to crack that barrier and end ...
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Trade and Consumer Goods

Kazakhstans grain stocks are up 31% from last year
    According to the Statistics Committee of the Republic of Kazakhstan, farms of all types held 6.54 MMT of cereals and pulses as of June 1, 2017. ...
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Food prices in Kazakhstan on the increase
    In June 2017, food prices in Kazakhstan changed Kazpravda.kz reports with reference to the RK Economy Ministry.
    As noted in the department, prices rose by 9.7% on-year. ...
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Uzbekistan ready to train world class cotton classifiers in Kyrgyzstan
    Uzbekistan expressed its readiness to organize and conduct trainings for Kyrgyz specialists to prepare world class cotton classifiers, Tazabek reported referring to press service of the ...
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Kyrgyzstan exported 5,000 tons of ice cream to Kazakhstan and China in 2016
    Kyrgyzstan has exported 24,300 tons of dairy products for $24.7 million in 2016, Tazabek reported referring to the Ministry of Agriculture and Melioration.
    According to the Ministry, ...
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Cotton rally frays, as benign weather undermines 'rude shock'
    A benign weather outlook for the southern US put the dampeners on a revival in cotton futures spurred by the "rude shock" of data showing that ...
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Hedge funds wrong-footed, again, by downbeat grain bets
    Funds are likely to be forced into a round of short-covering in grains, putting further upward pressure on futures, after being caught out again by betting ...
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Grain futures 'explode higher', wheat hits multi-year tops
    Winter wheat futures hit a two-year high, while spring wheat prices hit the highest since 2013, helping other grains higher to, amid expectations of further dryness ...
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Communications and Transportation

KTZ and Sinotrans to launch container train route through Kazakhstan
    The head of Kazakhstans national railways company Kazakhstan Temir Zholy (KTZ) Kanat Alpysbaev during the 14th China International Logistics week held a series of meetings on ...
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Beijings new Silk Road may extend to Moscow-led Eurasian union
    China and Russia are working to connect their flagship economic diplomacy projects, a move that could potentially reduce tensions between Beijing and Moscow as they jostle ...
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Regional News

Italys direct investment in Russia's economy may double within 3-5 years
    Italys direct investment in Russia may double within the next 3-5 years, Deputy Prime Minister Arkady Dvorkovich said Monday
    "Currently, Italian direct investments [in Russia - TASS] ...
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Geopolitics, corporate conflicts chase capital away from Russia
    For the fourth month in a row, foreign investors have been rolling back investments from Russia. Capital outflow has swelled more than $1.6 bln during this ...
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First issue under Bond Connect by China's policy bank oversubscribed
    The Agricultural Development Bank of China, a major policy bank, saw its first bond issue under the mainland-Hong Kong bond connect program oversubscribed on Monday.
    The bank ...
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Kyrgyzstan to create two technopolises for textile and garment industry
    Two sewing technopolises will be created in Kyrgyzstan one in Voenno-Antonovka village of the Chui oblast (near Bishkek) and the other at the Bishkek Machine-Building ...
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Uzbekistan to modernise coal industry
    Uzbekistans President Shavkat Mirziyoyev has approved the Programme for Further Development and Modernisation of the Coal Industry until 2021, the Jahon information agency reported.
    The document was ...
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Prices and Statistics

Commodities
    

Date: July 4, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 46.83 -0.24 -0.51% Aug 2017 12:50 AM
USD/bbl. 49.41 -0.27 -0.54% Sep 2017 12:50 AM
USd/gal. 152.88 -0.60 -0.39% Aug 2017 12:42 AM
USD/MMBtu 2.97 +0.02 +0.54% Aug 2017 12:50 AM
USd/gal. 150.64 -0.64 -0.42% Aug 2017 12:49 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,222.70 +3.50 +0.29% Aug 2017 12:50 AM
USD/t oz. 1,223.40 +3.20 +0.26% N/A 1:00 AM
USD/t oz. 16.08 -0.02 -0.11% Sep 2017 12:50 AM
USd/lb. 267.70 -1.60 -0.59% Sep 2017 12:50 AM
USD/t oz. 909.04 +3.25 +0.36% N/A 1:00 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 388.50 +7.50 +1.97% Sep 2017 7/3/2017
USd/bu. 555.00 +29.00 +5.51% Sep 2017 7/3/2017
USD/MT 1,958.00 +18.00 +0.93% Sep 2017 7/3/2017
USd/lb. 67.45 -1.14 -1.66% Dec 2017 7/3/2017
USd/lb. 115.75 -0.55 -0.47% Aug 2017 7/3/2017
 

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Exchange Rates
    

Date: July 4, 2017; Source: the National Bank of Kazakhstan

1 AUSTRALIAN DOLLAR AUD / KZT 245.33  
1 AZERBAIJAN MANAT AZN / KZT 188.26  
10 ARMENIAN DRAM AMD / KZT 6.69  
1 BELARUS ROUBLE BYN / KZT 165.56  
1 BRAZILIAN REAL BRL / KZT 96.93  
10 HUNGARIAN FORINTS HUF / KZT 11.81  
1 HONG KONG DOLLAR HKD / KZT 41.04  
1 GEORGIAN LARI GEL / KZT 133.85  
1 DANISH KRONA DKK / KZT 49  
1 UAE DIRHAM AED / KZT 87.24  
1 US DOLLAR USD / KZT 320.44  
1 EURO EUR / KZT 364.37  
1 INDIAN RUPEE INR / KZT 4.95    
1000 IRANIAN RIAL IRR / KZT 9.85    
1 CANADIAN DOLLAR CAD / KZT 246.74  
1 CHINESE YUAN CNY / KZT 47.18  
1 KUWAIT DINAR KWD / KZT 1057.56  
1 KYRGYZIAN SOM KGS / KZT 4.63  
1 MALAYSIAN RINGGIT MYR / KZT 74.58  
1 MEXICAN PESO MXN / KZT 17.65  
1 MOLDAVIAN LEY MDL / KZT 17.75  
1 NORWEGIAN KRONA NOK / KZT 38.32  
1 POLISH ZLOTY PLN / KZT 86.04  
1 SAUDI RIYAL SAR / KZT 85.45  
1 RUSSIAN ROUBLE RUB / KZT 5.41  
1 SDR XDR / KZT 445.86  
1 SINGAPORE DOLLAR SGD / KZT 232  
1 TAJIKISTAN SOMONI TJS / KZT 36.37    
1 THAI BAHT THB / KZT 9.43    
1 TURKISH LIRA TRY / KZT 90.63  
100 UZBEKISTAN SUM UZS / KZT 8.11  
1 UKRAINIAN GRIVNA UAH / KZT 12.34  
1 GREAT BRITAIN POUND GBP / KZT 415.67  
1 CRECH KORUNA CZK / KZT 13.96  
1 SWEDISH KRONA SEK / KZT 37.81  
1 SWISS FRANC CHF / KZT 333.37  
1 SOUTH AFRICAN RAND ZAR / KZT 24.34  
100 SOUTH KOREAN WON KRW / KZT 27.92  
1 JAPANESE YEN JPY / KZT 2.84  

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