Kazakhstan’s national airline Air Astana has raised ticket prices on international flights after Kazakhstan floated the tenge.
Experts comment on the latest expansion of the tenge to dollar exchange rate pegged corridor in Kazakhstan.
Caps on gasoline prices have been raised in Kazakhstan.
Kazakhstan’s Ministry of Investments and Development plans to continue lowering the mobile phone tariffs in Kazakhstan.
Projects for expansion of production capacity at Tengiz oil and gas field in Western Kazakhstan have seen their price tag soar. By $15 billion!
In the wake of dropping oil prices, the crude export duty rate in Kazakhstan, according to Halyk Finance analytics, could be reduced by half.
Oil prices might fall again as reserves of crude continue growing, experts say.
The measure will have no impact on the price of fuel. The Energy Ministry has set price ceilings for both gasoline and diesel fuel: Vice Minister of Energy.
Plane ticket prices in Kazakhstan will be lowered amid the lowering jet fuel prices in Kazakhstan.
Governor of the National Bank of Kazakhstan Kairat Kelimbetov said that a devaluation of the tenge is possible if oil prices fall below $50 per barrel.
According to him, oil refineries have been facing excessive gasoline in stock, with oil companies [in line with applicable legislation] still supplying a set volume to local refineries to be processed.
Air Astana announced a decision to lower ticket prices on domestic flights in Kazakhstan.
Cheap gas from Russia can put a stop to the work of Kazakhstan’s oil refineries.
Kazakhstan is revising its budget because of the falling global oil prices.
Strengthening of tenge against Russian ruble negatively affects industrial sectors of Kazakh economy, therefore National Chamber believes it is necessary to introduce trade barriers.
The year 2014 was a special one for the Kazakh car market given the recent depreciation of the ruble. Experts told Tengrinews about its effect on Kazakhstan's car market in 2015.
OPEC will not cut oil production even if the price drops to $20 a barrel and it is unfair to expect the cartel to reduce output if non-members do not.
Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.
Kazakh government is lowering gasoline prices. But for how long? And does it address the fuel deficit in the country?
CEO of Samruk Kazyna Contract Serikbek Yelshibekov said that Kazakh businessmen were becoming reluctant to enter long-term contracts with Samruk Kazyna subsidiaries due to the unstable situation at the oil market.
- Central Asia
- Air Astana
- exchange rate
- cell phone
- Atyrau Oblast
- Customs Union
- Saudi Arabia
- Asia Pacific
- Samruk Kazyna