Concerted currency policy for the Customs Union: Marchenko
Customs Union member states – Kazakhstan, Russia, Belarus – should pursue a concerted currency policy in order to prevent exchange rates steep fluctuations of the countries’ currencies: Gregory Marchenko, Chairman of the National Bank.
Kazakhstan lost leadership in flour export
For the first time in the last four years Kazakhstan has lost the world leadership in flour export. This year Kazakhstan ranks fourth.
Q1 2011 oil production output 3.5% up
In the Q1 2011 Kazakhstan produced a total of 17 163 100 tons of crude oil and 3 272 400 tons of condensed gas, 3.5% and 4.3% up against the like period of 2010 respectively.
KazMunaiGaz EP to explore new oil blocks
KazMunaigaz EP is to purchase 4 oil blocks – Temir, Teresken, Karaton-Sarkamys and territories adjacent to Uzen and Karamandybys oil fields – from its parent company, KazMunaiGaz.