Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 08 Apr 2026 by Evgeny Gavrilenkov
Mar 26 Government: Kazakhstan excluded Shell’s and Eni's participation in the Karachaganak gas processing plant project. Banking system: Abu Dhabi Commercial Bank intends to establish a subsidiary bank in Kazakhstan. KMG: The company’s net profit decreased by 2% in 2025. KMG: Joint project with Russian LUKOIL to develop the Kalamkas-sea and Khazar oil fields has been suspended due to sanctions. Mar 27 Eurasian Intergovernmental Council: An expanded meeting of the Eurasian Intergovernmental Council took place in Shymkent. Prime-minister: Kazakhstan proposed to create an AI-based freight traffic coordination platform in the Eurasian Economic Union (EAEU). Eurasian Intergovernmental Council: Kazakhstan and Kyrgyzstan urged to remove internal trade barriers within the EAEU. Finance Ministry: Export duty on oil in Kazakhstan since April 2026 will amount to $90 per ton (up by 30% m-o-m). Energy Ministry: UAV attacks on Ust-Luga port did not affect Kazakh oil supplies. Energy Minister: Mr. Akkenzhenov discussed with the U.S. Assistant Secretary of State, Mr. Orr, the strategic importance of the CPC. Mar 30 Russian Embassy: Kazakhstan is interested in extending oil transportation to Europe by the Druzhba oil pipeline through the Russian territory. Kcell: Net profit (IFRS definition) of the country’s mobile operator Kcell grew by 39% in 2025. Samruk-Kazyna: China's SPIC and Samruk-Energy plan to build a 1GW wind farm in the Pavlodar region (in eastern Kazakhstan) for $1.2 bln. Government: Kazakhstan has chosen China's Sinopec's subsidiary as a contractor for the $1 bln butadiene plant project. Mar 31 Ministry of Artificial Intelligence and Digital Development: The ministry inte...

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