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News: Thursday, June 01, 2017 -- Issue 2749 http://www.newsline.kz/rss/

Article of the Day

Kazakh President opens new train station in Astana
    Kazakh President Nursultan Nazarbayev visited the new Nurly Zhol railway station and familiarized with its modern infrastructure, Kazinform reports.
    The head of the national railway company Kazakhstan Temir Zholy Kanat Alpysbaev told the President about the implementation of the program for the development of high-speed passenger traffic and the development of the new railway junction in Astana.
    According to him, the new station has allowed linking all regions in the shortest possible way and also facilitated to the creation of a large transport and logistics hub.
    In turn, President Nazarbayev stressed that today all regions of the counry are linked with high-speed Talgo trains and noted the modern objects in the capital, such as the airport that currently serves 3.2 million people and will serve up to 8 million by 2025. According to him, in the future, the quality of service will reach a new high.
    The new station will start working on June 1. The total area of the station is 120 thousand square meters. Nurly Zhol has six active tracks. Trains will arrive on the third floor of the six-floor building. According to KTZ, Nurly Zhol will serve up to 35,000 passengers daily. The station will mainly operate trains for which Astana is the terminal station. Whereas the old station will continue to work but will be mainly oriented towards transit and suburban trains.
    Reported by Kazinform.

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Kazakhstan General

President Nazarbayev laid flowers at Victims of Political Repression memorial
    President of Kazakhstan Nursultan Nazarbayev laid flowers at the Victims of Political Repression memorial, Kazinform correspondent reports.
    "On May 31, we mark the Day of Remembrance of ...
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Mauritanian President to pay official visit to Astana
    President of Mauritania Mohamed Ould Abdel Aziz has received Special Envoy of the President - Deputy Foreign Minister of Kazakhstan Akylbek Kamaldinov in his official residence ...
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Weather in Kazakhstan, June 1-3
    An anticyclone that has moved to Kazakhstan will keep the weather dry in most of the republic in the next two days, Kazhydromet reports.
    The atmospheric fronts ...
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Expo-2017

Astana is ready for EXPO 2017, Mayor says
    These days, Astana is probably the busiest and most sleepless city in Central Asia. In an exclusive interview with The Astana Times, Akim (Mayor) of Astana ...
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115 states and 22 international organisations to take part in EXPO, Kazakh national commissioner says
    In an interview, Rapil Zhoshybayev, Kazakhstans National EXPO 2017 Commissioner recounted the story of the preparations for the biggest event of the year for Kazakhstan and ...
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Made in Belarus expo in Kazakhstan on 16-18 August
    The exhibition of Belarusian exporters Made in Belarus due in Astana on 16-18 August is set to become Belarus' largest exhibition in Kazakhstan over the last ...
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Oil and Gas Sector

Tengizchevroil restarts operations after toxic substance release
    Kazakhstan's biggest oil producer, Tengizchevroil, has restarted operations at its first-generation oil and gas separation plant which had been briefly suspended on Tuesday after a toxic ...
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Japan starts imports of gas condensate from Kazakhstan
    Japan's oil sales were 13.92 million kilolitres (2.92 million barrels per day) last month, down 2.3 percent from a year earlier, data from the Ministry of ...
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Petrofac in the red as Bentham proposes funding shareholder legal action against the group
    Bentham Ventures is considering funding legal action against Petrofac as the company's share price plunged after the UKs Serious Fraud Office launched an investigation into bribery ...
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Ashgabat hosts International Energy Charter Forum
    On May 30, the International Energy Charter Forum started its work in Ashgabat under the chairmanship of Turkmenistan in the Energy Charter Conference in 2017.
    The forum ...
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Med Crude-Urals differentials in northwest Europe ease as Baltic export projections rise
    Urals crude differentials in northwest Europe eased again on Wednesday, as traders expect to see the final loading schedule for June revised up compared to a ...
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Oil prices dive 3 per cent to three-week low; OPEC output up
    Oil prices sank 3 per cent to a three-week low on Wednesday as an increase in Libyan output helped boost monthly OPEC crude production for the ...
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France risks 2017/2018 winter gas shortages, say gas transport firms
    France is at risk of gas shortages during cold snaps in the coming winter due to low stock levels, gas transport operators GRTgaz and TIGF said ...
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Nazarbayev became first buyer of Kazakh domestic gold bars
    Kazakh National Bank governor Daniyar Akishev announced that President Nursultan Nazarbayev had become the first buyer of Kazakhstan mints gold bars, Kazpravda.kz reports.
    "Yesterday in the People's ...
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Energy Industry

Kazakhstans government announces 12 MW large-scale solar project
    The government of Kazakhstan has announced that a 12 MW PV plant will be built in Shetpe, in the Mangystau Region. The project is being developed ...
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Finance and Investment

Kazakh government discusses measures to improve Kazakhstan's standing in Doing Business ranking
    Prime Minister Bakytzhan Sagintayev held a meeting on the improving of Kazakhstan's standing in the Doing Business ranking on May 31.
    Heads of relevant departments reported ...
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Bank RBK signs memorandum of merger with Qazaq Banki
    Bank RBK and Qazaq Banki have completed the negotiation process related to
    the preparation for the merger of the two financial institutions, and on May 31 ...
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Kazyna Capital Management JSC, EBRD to invest jointly in agro-industrial complex
    Kazyna Capital Management JSC (KCM is a subsidiary of Baiterek National Managing Holding JSC) informs of the placement of the second tranche of investments jointly with ...
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Default alarms go off as Azeri Bank's collapse prompts scare
    Shockwaves from a default by the biggest bank in Azerbaijan are spreading to its neighbor on the opposite shore of the Caspian Sea.
    Already burned by the ...
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KASE day session: USDKZT_TOD = 312.28
    The day foreign currencies trading session ended on Kazakhstan Stock Exchange (KASE).
    Based on results of trades on the spot-market:
    - weighted average US dollar rate with settlements ...
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Metals and Minerals

Polymetal International PLC receives consensus recommendation of hold from analysts
    Shares of Polymetal International PLC (LON:POLY) have been assigned a consensus recommendation of Hold from the twelve brokerages that are covering the firm, Marketbeat.com reports. Two ...
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LME copper to retest resistance as nickel prices fall again amid supply glut worries
    LME copper is expected to retest a resistance at $5,690 per tonne, a break above which could lead to a further gain to $5,725.
    The resistance is ...
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Iron ore prices tumbled over 17% in May
    Iron ore spot markets were hammered again on Wednesday, dropping to a fresh seven-month low following another ugly decline in Chinese futures.
    And with the latter down ...
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Spot uranium prices take a dive
    TradeTechs spot uranium prices experienced their first significant move in awhile last week, slumping by $2.00 to reach $19.50 per lb. In the prior week prices ...
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Trade and Consumer Goods

Kazakhstan: night frosts posed no threat to wheat and barley
    Favourable conditions for growth and development of winter wheat were observed in the south and south-east of Kazakhstan from May 11-20, when rainfalls replenished soil moisture ...
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Black Sea wheat reasserts price competitiveness at Gasc tender
    Black Sea wheat origins reasserted their grip over orders by Egypt's Gasc with a drop in prices viewed as fuelled by the prospect ahead of harvest, ...
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Futures: US crop worries lift maize as sugar turns sour
    "Whipsaw Wednesday" lost a bit but not all - of its twang
    Winter wheat futures lost early headway to close down 0.25 cents at $4.29 ¼ ...
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Communications and Transportation

Kazakh airline to operate flights between Kazakh and Armenian capitals
    SCAT Airlines, one of the largest Kazakh airlines, has carried out today the first ever non-stop flight from Kazakh capital of Astana to Yerevan, Armenia. Speaking ...
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Russian Railways plans to develop route from China to Europe bypassing Kazakhstan
    Cargo transportation from China to Europe not through the territory of Kazakhstan, but through Mongolia will reduce costs by 15-20%. In response to growing demand, Russian ...
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Echostar XXI satellite to be orbited on Proton on 8 June
    International Launch Services (ILS), a US-Russian subsidiary of Khrunichev, announced that the Echostar XXI satellite will launch on the back of a Proton rocket at 06:45 ...
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Nazarbayev visited the new terminal of Astana airport
    The President of Kazakhstan was presented information on innovations in the airport service system, including the use of a semi-automatic baggage handling system with a capacity ...
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PM discusses Digital Kazakhstan program with reps of IT companies in Astana
    Representatives of the leading IT companies gathered at the Ukimet Uyi (House of Government) in Astana on Wednesday to meet with Prime Minister of Kazakhstan Bakytzhan ...
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People and Professional Development

Guminsky to head CIS observation mission at Kazakhstan's parliamentary elections
    Viktor Guminsky will head the CIS observation mission at the elections to the Senate of the Parliament of Kazakhstan, BelTA learned from the website of the ...
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Education and Science

StatNano: Kazakhstan ranks 66th in nanotechnologies publications
    Kazakhstan is 66th in the StatNano's Ranking of Countries in Nanotechnologies Publications in 2017, Kazinform reports.
    China and the United States dominate the ranking with 16,800 and ...
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Regional News

China still in favour with foreign investors
    China remains popular among foreign investors despite reports that foreign companies are leaving amid increasing labor costs, with growing interest in the advanced manufacturing sector, according ...
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Airbus Helicopters breaks ground for first assembly plant in China
    Airbus Helicopters is moving forward with its strategic partnership with China, with construction now underway of its first helicopter assembly line in the country.
    Guillaume Faury, CEO ...
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Russian growth prospects seen improving after recent data, rate cut: Reuters poll
    Russia's growth prospects have improved after better macroeconomic data in April and a surprisingly large central bank rate cut, a Reuters poll of economists showed on ...
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Kyrgyzstans former prime minister and former economy minister face corruption charges
    The Prosecutor-General's Office in Kyrgyzstan said it has opened a criminal case against two members of the Kyrgyz parliament from Bir Bol faction former Prime ...
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Japanese Sawada Holdings to buy 52.9% shares of Kyrgyzkommertsbank
    Japanese company Sawada Holdings Co., Ltd., whose shares are listed in the Tokyo stock exchange JASDAQ, is to buy 52.9% of JSC Kyrgyzkommertsbank shares in the ...
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Kyrgyz National Bank external auditor given green light by parliament committee
    The Kyrgyz Parliament Committee on Economic and Fiscal Policy approved external auditor for the National Bank of Kyrgyzstan for 2017 during its session on May 30, ...
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Kyrgyz Parliament backs new presidential election day October 15
    The Parliament of Kyrgyzstan passed the amendments to the law on presidential and parliamentary elections in three readings on May 31.
    The amendments propose to reschedule ...
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Dushanbe to host meeting of CIS countries anti-terrorist units of special forces
    Heads of anti-terrorist units of the security bodies and special forces of the Commonwealth of Independent States will gather in Dushanbe on May 31-June 1, the ...
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Uzbekistan beefs up school security
    A regulation coming later this year is expected to make Uzbekistani schoolchildren and undergraduates safer and more comfortable in many ways.
    In May, Prime Minister Abdulla ...
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Kabul blast kills at least 80, leaves hundreds wounded media
    At least 80 people have been killed and around 350 suffered wounds in a blast that hit the Afghan capital of Kabul on Wednesday, the TOLOnews ...
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Prices and Statistics

Commodities
    

Date: June 1, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 48.74 +0.42 +0.87% Jul 2017 1:28 AM
USD/bbl. 51.16 +0.40 +0.79% Aug 2017 1:28 AM
USd/gal. 161.02 +1.37 +0.86% Jul 2017 1:25 AM
USD/MMBtu 3.09 +0.02 +0.62% Jul 2017 1:24 AM
USd/gal. 152.71 +0.92 +0.61% Jul 2017 1:22 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,269.00 -6.40 -0.50% Aug 2017 1:28 AM
USD/t oz. 1,267.01 -1.91 -0.15% N/A 1:38 AM
USD/t oz. 17.29 -0.12 -0.67% Jul 2017 1:27 AM
USd/lb. 257.35 -0.65 -0.25% Jul 2017 1:27 AM
USD/t oz. 946.20 -3.81 -0.40% N/A 1:37 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 371.50 -0.50 -0.13% Jul 2017 1:27 AM
USd/bu. 430.75 +1.50 +0.35% Jul 2017 1:27 AM
USD/MT 2,048.00 +11.00 +0.54% Jul 2017 5/31/2017
USd/lb. 72.48 -0.31 -0.43% Dec 2017 1:18 AM
USd/lb. 121.70 +1.85 +1.54% Aug 2017 5/31/2017
 

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Exchange Rates
    

Date: June 1, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 312.26 1 CHF

KZT 321.09

1 CNY

KZT 45.84

1 TRY KZT 88.5 1 JPY KZT 2.82
1 EUR

KZT 349.51

1 AUD

KZT 232.76

1 KGS KZT 4.6 100 UZS KZT 8.13 1 BYN KZT 167.61
1 GBP KZT 400.38 1 CAD KZT 232.18 1 RUB KZT 5.51 100 KRW KZT 27.94 1 UAH KZT 11.87

 

 

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