Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 09 Mar 2023 by Alexander Kudrin
Feb 24 KazTransOil: Kazakhstan has started transporting oil to export it to Germany Feb 25 Foreign Ministry: Kazakhstan welcomes China's position on the political settlement of the Ukrainian crisis and supports a peaceful solution to this problem based on the principles of the UN Charter. Feb 27 QazaqGaz: The company and Gazprom discuss the creation of a transit route through East Kazakhstan to China QazaqGaz: The gas processing business at Kashagan will start in 2025 NBK: The regulator kept the base rate unchanged at 16.75% KASE: The Stock Exchange suspended the listing of some Russian shares amid sanctions Feb 28 KMG: The Group increased oil and condensate production by 1.7% (to 22 mln tons) and gas by 2% (to 456K bbl/day) in 2022 Foreign Ministry: Kazakhstan called the countries of Central Asia and the US to search for alternative trade routes KMG: The company plans to produce over 23 mln tons of oil in 2023 Foreign Ministry: Kazakhstan has difficulties in trade within the Eurasian Economic Union due to anti-Russian sanctions US: The US Secretary of State Mr. Blinken, held a meeting in Astana with the President of Kazakhstan Mr. Tokayev, as well as with the Foreign Ministers of Kyrgyzstan Jeenbek Kulubayev, Turkmenistan – Mr. Meredov, and Tajikistan – Mr. Mukhriddin Mar 1 Bureau of National Statistics: In February, CPI in Kazakhstan reached 1.3% m-o-m and 21.3% y-o-y in February, KazTransOil: Kazakhstan will supply another 20K tons of oil to Germany in March Mar 4 S&P: The agency has confirmed the sovereign credit rating of Kazakhstan at BBB-, raised the outlook from "negative" to "stable." Mar 6 President: The President of Kazakhstan Mr. Tokayev, had a conversation...

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