Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.
A watershed free-trade deal between China and Switzerland came into force on Tuesday, the first such accord between the Asian giant and a mainland European economy.
The measure has been taken to prevent their shortages in the domestic market and possible price hikes.
The US will allow two companies to export unrefined oil for the first time in four decades, taking steps to break a ban on crude exports, The Wall Street Journal reported.
Steel rods plant Evraz Caspian Steel has been unveiled in Kostanay.
Surging mining exports powered the Australian economy to better-than-expected 1.1 percent growth in the first quarter of the year, data showed Wednesday, but Treasurer Joe Hockey said he was also encouraged by a pick-up in other sectors.
Kazakhstan is viewing Ukraine, China and Europe as new markets for its coal.
KazAlko Association considers ban of European alcohol import to Kazakhstan a hasty decision.
The imports figures are posing a certain threat to domestic processing enterprises (…) The Government has placed a greater emphasis on development of processing enterprises to stimulate production: Agriculture Minister.
Rakhat, a major Kazakhstani confectionary company, plans to expand into foreign markets.
India on Friday threatened to drag the European Union to the World Trade Organization over its ban on mango imports.
New Zealand wine exports reached record levels in the 12 months to March amid surging demand from key markets, an industry body said.
Besides, Kazakhstan and Russia are discussing grain swap operations.
For the recent 4 years the revenues have grown almost 2.5 times. The overall 2013 revenues made up $1.2 billion, whereas back in 2009 the figure only stood at $600 million.
Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said.
According to him, Kazakhstan’s Caspian sea port in Aktau now exports about 12 million tons of crude; the route to China also remains important.
In 2013, Italy accounted for 27% of Kazakhstan’s crude exports, followed by China (17%), the Netherlands (13%), France (9%), Austria (7%): Oil Minister Uzakbai Karabalin.
A Chinese man, an Iranian and two Iranian firms were charged in the United States with conspiring to export devices to Iran that can serve to enrich uranium, an indictment unsealed Friday said.
Experts believe that Kyrgyzstan’s plans to cut export of electricity to Kazakhstan in 2014 would not cause a deficit in the country.
Ministry of Energy and Industry of Kyrgyzstan announced that they will not export electricity to Kazakhstan in 2014 due to the shortage of water in the largest water reservoir of the country Toktogul.
- United States
- Middle East & Africa
- Free Trade Agreement
- Asia Pacific
- South Korea
- New Zealand
- Caspian Sea
- Central Asia