Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 24 Mar 2023 by Alexander Kudrin

Mar 13 S&P: Oil production in Kazakhstan in Feb amounted to 1.55 mbd, while the country quota within the OPEC+ deal, was 1.63 mbd S&P: The agency confirmed credit ratings of Samruk-Kazyna (BBB-) and its subsidiaries KEGOC (BB+), KMG (BB+), KazTransOil (BB+), and KTZ (BB), the outlook has been changed from "negative" to "stable” NBK: The regulator wants to start introducing the digital tenge by the end of the year Mar 14 Energy Ministry: Kazakhstan intends to supply another 20K tons of oil to Germany in April (300K tons by the end of the year) Ministry of Economy: Kazakhstan's GDP grew by 4.3% y-o-y in Jan-Feb according to the ministry’s estimate NBK: Kazakhstan's international reserves decreased in February by 2.6% to $91.96 bn NBK: The monetary authorities plan to introduce stricter regulation of unsecured consumer lending to cool down lending to households President’s press service: Russian President Vladimir Putin is expected to visit Kazakhstan in 2023 Mar 15 KMG: The company’s consolidated net profit by the end of 2022 increased by 2.4% y-o-y to KZT1.3 trln. Revenue grew by 34.5% to KZT 8,7 trln, and EBITDA - by 25.9% to KZT 2.5 trln. KMG: Kazakhstan will start shipping oil from the Tengiz rig to Azerbaijan in March. The expected amount of supply is 1.5 mln tons per year KMG: The company expects Gazprom's response on the project of gas transportation from the Khvalynka rig Mar 16 Parliament: Planned transfers to the budget of Kazakhstan from the National Fund in 2023 increased by 25% to $8.7 bln KazTransOil: Kazakhstan will transit 250K tons of Russian oil to Uzbekistan in 2023 Mar 17 Kazatomprom: The company is negotiating to participate in the uranium hub projec...

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