Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 16 Jun 2023 by Evgeny Gavrilenkov
Jun 2 Ministry of Industry and Infrastructure: Kazakhstan plans to start developing new copper deposits in 2027 and to double copper production by 2030 President: Mr. Tokayev urged the EU to support the idea of long-term supplies of Kazakh oil via CPC to Europe President: Mr. Tokayev said Kazakhstan could increase oil supplies to Germany to 1.2 mln tons per year (it delivered 90K tons since the start of 2023) President: Kazakhstan will increase oil exports along the Aktau-Batumi route in the medium term, as well as pumping volumes through pipelines of the Trans-Caspian route President: Kazakhstan is ready to work with the EU to integrate the Trans-Caspian route with the Trans-European transport network Ministry of Industry and Infrastructure: Kazakhstan plans to legislate the provision of rights for further exploration and production to companies that conduct geological exploration in the country Energy Ministry: Kazakhstan intends to complete the preparation of infrastructure for gas transit from Russia to Uzbekistan in 2024 Jun 4 Energy Ministry: Kazakhstan will extend the voluntary reduction of oil production by 78K b/d under the OPEC+ deal until the end of Dec 2024 Jun 6 Agriculture Ministry: Kazakhstan plans to harvest 16 mln tons of wheat in 2023 Alstom: The company intends to invest EUR 50-100 mln in the creation of its service centers in Kazakhstan Jun 7 Samruk-Kazyna: The company and China National Petroleum Corporation have agreed to study the capacity expansion of Kazakhstan-China oil and gas pipelines Samruk-Kazyna: The company, the core shareholder of KMG, may offer investors another 12% of KMG shares during SPO. Jun 8 Minfin: Kazakhstan is considering the...

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