Belarusian and Kazakh forestry industries eager to advance cooperation

Forestry industries of Belarus and Kazakhstan intend to advance scientific, technical, trade and economic cooperation. The agreement was reached when a Belarusian delegation led by Forestry Minister Mikhail Amelyanovich met with Deputy Agriculture Minister of Kazakhstan Yerlan Nysanbayev, the press service of the Belarusian Ministry of Foreign Affairs reported. Representatives of forestry enterprises and organizations,…

Kazakhstan: KMG EP oil output down

Kazakh oil company KazMunaiGas Exploration Production (KMG EP) produced 6.08 million tons of oil in H1 of 2016 including its stakes in subsidiaries and joint ventures, up by 0.7% YoY. KMG EP’s subsidiary Ozenmunaigas (OMG) produced 2.78 million tons, up by 2%, KMG EP’s subsidiary Embamunaigas (EMG) produced 1.41 million tons, also up by 2%…

Kazakhstan: oil output to drop

Many oil producing companies working in Kazakhstan observed negative financial result in 2015, according to Vice Minister of Energy Asset Magauov. As per an analysis, 36 companies out of 61 had a negative financial result, he noted. As the Vice Minister noted, drill footage dropped from 2,500 running meters to 1,500 running meters in 2015.…

Kazakhstan: oilseed stocks down

As of July 1, oilseed stocks totaled 260.5 KMT, down by 61.3 KMT YoY (321.8 KMT). Thus, availability of sunflower seeds grew by 10.7 KMT to 104.1 KMT. Soybean stocks were only slightly lower – 30.8 KMT against 31.9 KMT, and rapeseed stocks were two times as low – 28.9 KMT against 60.1 KMT last…