Browsing documents with the theme of Kazakhstan
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Kazakhstan Update – The Twin Peaks Challenge
Strong growth based on oil. Kazakhstan’s economy grew by 4% YoY last year (from 1% in 2016) and looks set to replicate that strong growth again this year. The key driver of last year’s recovery and this year’s expected growth is the combination of rising oil output and the oil price recovery.
Kazakhstan refines its oil strategy
Reliance on hydrocarbons is increasing. While the government talks about diversification the reality is much greater emphasis and visible progress in expanding oil and gas activities.
Kashagan output rising steadily. The country produced an average of 1.73 mln barrels of oil per day last year, up by 10.5% from 2016. Most of that extra oil came from the Kashagan field, which finally started producing in late 2016 and will soon plateau at 370,000 barrels per day. Total Kazakhstan production is set to reach at least 2.15 mbpd by 2023. Kazakhstan is out of the OPEC deal.
Russia Macro-Politics December Monthly: Tempered holiday mood
Investors and government are waiting for sanctions. The CAATS act requires that the US government must draw up a list of “Putin’s inner circle” to be sanctioned and to report on the viability of bans on purchases of Russian debt by the end of January 2018. Capital markets are largely flat with low volumes as investors wait to see what happens next in Q1 or 1H18. Russian indices are set to underperform global peers by approximately 30% this year.
Transcript of Macro-Advisory’s 2017 Autumn Briefing
Dr Pankin gave us an overview and answered questions about the Eurasian Investment Bank
Russia Macro: Is Moscow facing a winter of “content”?
The underlying economy is doing well, despite the problems in the banking sector
Eurasian Economic Union: Consolidation and Progress Continues
Not much has changed in the EaEU since our last report, but this sort of integration process does not move quickly, as the experience of the EU shows. The EU experience is also important when interpreting intra-EaEU friction, such as that between Russia and Belarus. This is inevitable when countries have diverging bilateral interests. The EaEU exists to create a forum where these can be resolved, but not eradicated. We see a little more flesh on the links between the EaEU and the One Belt One Road strategy, but both projects are moving slowly.
Macro-Advisory Macro Monthly November 2016
Economic confidence rebounds, against a strong turnout for the Foreign Investors Advisory Council, and growth in key sectors
Kazakhstan: 3-D Printing a New Economy
Analysis of the Kazakh government’s reform plan
Kazakhstan key macroeconomic data and forecasts, 2012-17
Kazakhstan data on GDP growth, inflation, unemployment, state budget, current account and currency
Kazakhstan Agriculture Report
Lagging but with huge potential
A difficult balancing act
Caspian Corridor Initiation
Balancing weak oil & Russia contagion with China and Iran opportunities