Kazakhstan exported 8.3 million tons of grain and flour in 2015/2016 MY, 1 million tons higher that expected, declared the Ministry of Agriculture of the Republic of Kazakhstan on July 8. In particular, the country exported 5.4 million tons of grain and 2 million tons of flour (2.9 million tons of grain equivalent). It should…
Tengizchevroil LLP (TCO) announced it had received approval from its partners on the final investment decision for the Future Growth Project and Wellhead Pressure Management Project (FGP-WPMP), the next expansion of the Tengiz oil field in western Kazakhstan, said TCO. FGP-WPMP is currently estimated to cost $36.8 billion, which includes contingency and escalation, said the…
Kazakhstan’s foreign trade turnover amounted to $18.23 billion in January-April 2016, down by 29.8% YoY. Mutual trade with countries of the Eurasian Economic Union (EEU) dropped 1.4 times, to $3.62 billion during the period. Kazakh export, where 72% accounted for fuel and energy products, decreased by 31.2%, to $11.03 billion in January-April. The country’s export…
Shareholder structure of the Kazakhtelecom JSC, the largest telecommunication company in Kazakhstan, has changed, said the message posted on the website of the Kazakhstan Stock Exchange (KASE) on July 5. The UK-based Sobrio Limited company became new major shareholder of the Kazakhtelecom JSC in the result of a deal implemented within one group. Sobrio Limited…
Kazakhstan has imported about 6 thousand tons of Polish apples in December 2014, an increase of 50% compared with the same month of the previous year and record high result for at least 5 past seasons. It should be noted that Poland has been raising apple exports to Kazakhstan since the very beginning of the…
Kazakhstan’s largest oil producer Tengizchevroil (TCO) plans to produce first oil at Tengiz oilfield in 2022. Investments into the project expansion will amount to $36.8 billion, TCO said. The decision was made to finance the next phase of expanding production facilities of the Tengiz oilfield, the company reported. It will comprise the future expansion project…