• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10396 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 199 - 204 of 381

Chinese Power Plant for Western Kazakhstan

On July 2, Kazakhstan’s MAEK LLP and China Huadian Corporation Ltd., represented by Huadian Kazakhstan Energy, signed an agreement for the joint construction of a combined-cycle gas plant in Aktau. The plant, aimed to meet the growing demand for electricity in Western Kazakhstan, is scheduled for commission in December 2026. As reported by Kazakh Invest, the Chinese State Bank has pledged finance for the project for up to 15-25 years at a rate below 5%. China Huadian Corporation is currently implementing the build of a combined-cycle gas plant in the Mangystau region of Kazakhstan. The $190 million project, which has the potential to integrate renewable energy sources,  will serve as the primary supplier of power and help regulate peak loads at a local level.    

SCO Summit: Tokayev and Xi Laud Kazakhstan-China Ties

On the eve of the 2024 Shanghai Cooperation Organization (SCO) Summit, hosted this year by Kazakhstan in its capital Astana, the leaders of Kazakhstan and China were keen to highlight the strength of their countries’ partnership. The SCO is a political, security and economic alliance in the wider Eurasia region, aimed at promoting trade and investments between member states, as well as global security. The Organization – which includes nine full members, four observer states and 14 dialogue partners – covers half of the world’s population, and almost a third of global GDP.  In comments to China’s Xinhua news agency, Kazakh President Kassym-Jomart Tokayev spoke of a “close political dialogue” between the two countries, supported by the SCO, thanks to which “China is consolidating its position as Kazakhstan’s leading trade and investment partner”.  Mutual trade between the countries reached a historic record of $41 billion in 2023. Tokayev added that “China became one of the top four foreign investors in Kazakhstan in 2023, investing around $2 billion in direct investments, a year-on-year growth of 16.4%. The total volume of Chinese investment in the Kazakh economy is over $25 billion. Around 4,700 Kazakh-Chinese enterprises operate in our country.” In his comments to Xinhua Tokayev also highlighted Kazakhstan’s growing cultural ties with China, mentioning a new agreement on a visa-free regime between the countries, the creation of cultural centers in both nations, and the fact that 2024 has been named the “Year of Kazakhstan tourism in China”. The president himself lived in China for eight years, where he studied Chinese in Beijing before working for the Soviet Union’s embassy to China. In turn, in a letter published by the Kazinform news agency, China’s leader Xi Jinping noted: “China is now Kazakhstan’s largest trading partner and its top export destination. Major strategic projects including the Zhanatas wind farm, Turgusun hydropower station, and the modernization of Shymkent Oil Refinery have been completed and commissioned. China-Kazakhstan crude oil and natural gas pipelines are operating in a safe and stable manner. The ‘green lanes’ for fast customs clearance of agricultural products are available at all border ports between the two countries, which makes green agri-products of high quality from Kazakhstan easily accessible for Chinese consumers. The potential for cooperation in new energy and transportation infrastructure has been unleashed. The transport and logistics terminal in Xi’an, the Western Europe-Western China Highway, and the China-Europe Railway Express all operate smoothly, providing a strong boost to the development of both China and Kazakhstan.” Kazakhstan has a multi-vector approach to its foreign policy; its role within the SCO complements the country's cooperation with the United States through the C5+1 platform, and a constant dialogue with the European Union. In a recent speech about Kazakhstan's chairmanship of the Shanghai Cooperation Organization this year, President Tokayev commented: "Kazakhstan is committed to multilateral cooperation. In our foreign policy we proceed from the national interests, and are in favor of solving all disputable issues on the basis of rational compromise. In addition to the...

Kazakhstan’s Caspian Sea Level Rises by Over a Metre

On July 1, Kazakhstan’s Ministry of Water Resources and Irrigation announced that the water level in the north-eastern part of the Caspian Sea in the Atyrau region, has risen by 119 cm since the beginning of 2024. The increase is due to the abundant inflow of floodwater, during April-May, from the Zhaiyk River and additional canals laid by the ministry. During the spring floods, some 7.4 billion cubic meters of water entered the Caspian Sea via the Zhaiyk River, whilst 350 million cubic metres of floodwater were channelled into the sea in Atyrau, via the  additional canals. Vice Minister of Water Resources and Irrigation Nurlan Aldamzharov commented: “A total of 12.4 billion cubic meters of floodwater was sent to reservoirs, estuaries, and water meadows. Since the beginning of the floods, 3.3 billion cubic meters of water have been sent to Lake Balkhash. In addition, active filling of the Northern Aral Sea continues, with an inflow of more than 1.1 billion cubic meters of water since the beginning of the year.”    

Water in Kazakhstan’s North Aral Sea Rises by Over a Billion Cubic Meters

On June 24, the Kazakh Ministry of Water Resources and Irrigation announced that since the beginning of the year, 1.1 billion cubic meters of water have flowed into the North Aral Sea in Kazakhstan, raising the volume to 21.4 billion cubic meters. The North Aral Sea is the portion of the former Aral Sea fed by the Syr Darya River. It split from the South Aral Sea in 1987–‘88 when water levels dropped as a result of water being diverted from the river for agricultural use. At the recent 86th meeting of the Interstate Coordination Water Commission, which includes Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, it was agreed that during this year’s irrigation season, 997 million cubic meters of water would be fed into the North Aral Sea at a rate of at least 30 cubic meters per second. Now, 50 cubic meters of water per second enters the sea, compared to just six cubic meters per second last year. In the 1990s, a dam was constructed to prevent the inflow of water from the North to the South Aral. Rebuilt in 2005, the Kok-Aral Dam enabled water levels to rise in the North Aral Sea. “From the moment the dam was put into operation until today, 46.6 billion cubic meters of water have flowed from the Syr Darya River into the North Aral Sea,” said Moldir Abdualieva, official representative of the Kazakh Ministry of Water Resources and Irrigation. “And over the past 7 years, 13.3 billion cubic meters of water have entered the sea. In recent years, the volume of water in the North Aral had been declining, but since the beginning of 2024 it has begun to grow again and today has reached 21.4 billion cubic meters.” According to the ministry, 75% of the flow of the Syr Darya River comes from Kyrgyzstan, 20% from Uzbekistan, and 5% from Kazakhstan.    

Sustainable Aviation Fuel Production in Kazakhstan

On June 20, Chairman of the Board of Kazakhstan’s national oil and gas company KazMunayGas (KMG) Askhat Khasenov attended a meeting with the management of the American company LanzaJet and the Japanese investment company Mitsui to discuss the production of SAF (Sustainable Aviation Fuel) in Kazakhstan. SAF is an environmentally-friendly version of Jet-1 fuel that reduces carbon emissions by 80%. According to KMG, a preliminary feasibility study for the possible construction of a SAF production facility in Kazakhstan has already been completed by KMG and Air Astana with financial assistance from the European Bank for Reconstruction and Development (EBRD). The next stage is developing a feasibility study for the actual implementation of the project. Air Astana is currently exploring the use of SAF by its air fleet. Regarding the concept of low-carbon development, the share of SAF consumption by the airline company will gradually increase to 5% by 2040, 15% by 2050, and 25% by 2060. Three large oil refineries owned by KazMunayGas are ready to produce Jet A-1 aviation fuel, which could be mixed with SAF in the future. LanzaJet recently opened LanzaJet Freedom Pines Fuels in the US, the world's first SAF production facility, with plans to produce 1 billion gallons of SAF by 2030.  

 ‘Save the Berkuts’ Campaign Launched in Kazakhstan

On June 19, the Ministry of Ecology and Natural Resources of Kazakhstan and Efes Kazakhstan signed a Memorandum to implement “Save the Berkuts”; a campaign aimed to preserve and restore Kazakhstan’s population of golden eagles. The Asian golden eagle known as a berkut, is revered as a living emblem of the country’s culture and history and symbolizing Kazkhstan’s national identity, was incorporated into the country’s flag designed by Shaken Niyazbekov in 1992. With a wingspan of up to two metres, it is the largest member of the hawk family and a formidable hunter,  plays a crucial role in controlling numbers of rabbits, hares, marmots, foxes and even deer. Integral to Kazakhstan’s heritage, the berkut has been famously used by traditional hunters for centuries but its population is now threatened by a gradual destruction of its natural habitat, persecution, and illegal poaching. In recent years, the bird has been officially protected by the state and is included in the International Union for Conservation of Nature’s list of protected species. “Save the Berkuts”  is a continuation of a project implemented by Efes Kazakhstan from 2012 to 2019. During this period, 25 golden eagles were bred and released into the wild around Almaty, leading to a significant increase in their numbers in the region. As part of the new campaign, supported by the Ministry of Ecology and Natural Resources, Efes Kazakhstan has pledged funding to boost and protect the population of wild eagles through expeditions and the maintenance of breeding programmes until 2034. Welcoming the initiative, the ministry stated that the memorandum demonstrates the joint efforts of the state and private business in preserving the natural heritage of Kazakhstan.