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Oil extends losses on return of Libyan supplies
Oil extends losses on return of Libyan supplies

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.

Oil extends losses on return of Libyan supplies
©Reuters/Alexander F. Yuan
Landmark Swiss-China free-trade deal comes into force

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.

Landmark Swiss-China free-trade deal comes into force
Photo courtesy of oilnews.kz
Kazakhstan bans export of petroleum products

The measure has been taken to prevent their shortages in the domestic market and possible price hikes.

Kazakhstan bans export of petroleum products
©Reuters/David M. Parrott
US allows oil exports for 1st time since 1970s: WSJ

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.

US allows oil exports for 1st time since 1970s: WSJ
Photo courtesy of www.infrastructurene.ws
Steel rods plant launched in Kostanay

Steel rods plant Evraz Caspian Steel has been unveiled in Kostanay.

Steel rods plant launched in Kostanay
©Reuters/David Gray
Mining exports drive Australian growth

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.

Mining exports drive Australian growth
Photo ©REUTERS
Kazakhstan wants to export coal to Ukraine, China and Europe

Kazakhstan is viewing Ukraine, China and Europe as new markets for its coal.

Kazakhstan wants to export coal to Ukraine, China and Europe
Photo © RIA Novosti
European alcohol ban in Kazakhstan a hasty decision: KazAlko

KazAlko Association considers ban of European alcohol import to Kazakhstan a hasty decision.

European alcohol ban in Kazakhstan a hasty decision: KazAlko
Assylzhan Mamytbekov. Photo courtesy of ortcom.kz
Kazakhstan planning to reduce foodstuffs imports

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.

Kazakhstan planning to reduce foodstuffs imports
Rakhat sweets. Photo © Yaroslav Radlovsky
Rakhat Confectionary to expand to China and South Korea

Rakhat, a major Kazakhstani confectionary company, plans to expand into foreign markets.

Rakhat Confectionary to expand to China and South Korea
India threatens WTO action over EU mango ban
India threatens WTO action over EU mango ban

India on Friday threatened to drag the European Union to the World Trade Organization over its ban on mango imports.

India threatens WTO action over EU mango ban
New Zealand wine exports hit record levels
New Zealand wine exports hit record levels

New Zealand wine exports reached record levels in the 12 months to March amid surging demand from key markets, an industry body said.

New Zealand wine exports hit record levels
Kazakhstan considering grain terminals along its borders on Turkmenistan and Iran

Besides, Kazakhstan and Russia are discussing grain swap operations.

Kazakhstan considering grain terminals along its borders on Turkmenistan and Iran
©REUTERS
Kazakhstan’s revenues for grain exports in 2013 exceed $1 billion

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.

Kazakhstan’s revenues for grain exports in 2013 exceed $1 billion
©Reuters/Rupak De Chowdhuri
Iran oil exports rise to 1.2 mn barrels per day

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.

Iran oil exports rise to 1.2 mn barrels per day
panoramio.com
Oil Minister on Kazakhstan’s export capabilities amidst possible sanctions against neighboring Russia

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.

Oil Minister on Kazakhstan’s export capabilities amidst possible sanctions against neighboring Russia
Photo courtesy of munaigaz.kz
In 2013 Kazakhstan sent biggest volume of crude to Italy

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.

In 2013 Kazakhstan sent biggest volume of crude to Italy
MKS Baratron Pressure Transducer. Photo courtesy of ebay.com
Chinese man, Iranian indicted in US over Iran exports

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.

Chinese man, Iranian indicted in US over Iran exports
Photo ©REUTERS
Kazakhstan can manage without Kyrgyz electricity

Experts believe that Kyrgyzstan’s plans to cut export of electricity to Kazakhstan in 2014 would not cause a deficit in the country.

Kazakhstan can manage without Kyrgyz electricity
 Acting Minitser of Energy and Industry Osmonbek Artykbayev.Photo©kenesh.kg
Kyrgyzstan cuts electricity supply to Kazakhstan

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.

Kyrgyzstan cuts electricity supply to Kazakhstan