The Asset Management Company uses transparent methods of asset management, strictly observing the Rules for Managing Assets transferred by the Management Company, approved by Order No. 1061 of the Deputy Prime Minister - Minister of Finance of the Republic of Kazakhstan dated October 5, 2023 (as amended on October 4, 2024). Assets received by the management company are subject to mandatory sale, except for the transfer of assets to state ownership.At the same time, the following methods of asset management are defined:1) property lease (lease);2) transfer to trust management;3) conservation;4) implementation;5) transfer of assets to state ownership;6) other methods determined by the management company that do not contradict the legislation of the Republic of Kazakhstan and the legislation of the country where the asset is located, except for the gratuitous alienation of the asset and the transfer of the asset for free use.Each decision is made individually, taking into account the characteristics of the asset and the market situation. The main thing is transparency and efficiency. To do this, assets are mainly sold through electronic auctions on the E-Qazyna web portal, where anyone can participate in auctions, creating fair competition.Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/872172

254 assets worth 90.3 billion tengeThat is how many assets are on the balance sheet of the Returned Assets Management Company LLP as of October 2024.The Company's tasks are defined by the Law of the Republic of Kazakhstan "On the Return of illegally Acquired Assets to the State". They are: taking ownership of assets returned to it on behalf of the state, ensuring the safety and maintenance of assets converted into state income, disposing of assets, ensuring the transfer of funds from the sale of assets to a Special state Fund. Assets can be different: from shares in companies to real estate and other valuable property. The main goal is to make the most profitable use of these assets and direct funds to a Special state fund.Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/872184

177.5 billion tenge is in the GFSIn accordance with the Law "On the Return of illegally Acquired Assets to the State", on October 9, 2023, a cash account called a Special State Fund was opened in the Ministry of Finance of the Republic of Kazakhstan.The total amount of receipts from the Special State Fund for the month of October is 177.5 billion tenge.Of these, 171 billion tenge are funds returned to state ownership in accordance with the Law, 6.5 billion tenge are proceeds from the Company for the Management of returned assets (from the sale and management of assets).The funds of the Special Fund will be spent on financing social and economic projects.Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/872208

The reporting and election conference of the Kazakhstan Volleyball Federation (KFW) was held in Almaty, where Madi Takiyev was elected the new president of the organization for the period from 2024 to 2028. He replaced Nurtai Abykayev in this post.In his speech, the new head of the KFW sincerely thanked the delegates for their trust, and invited Nurtai Abykayev to become the honorary president of the federation and head the Board of Trustees of the KFW.Madi Takiyev also recalled that Kassym-Jomart Tokayev instructed to review the policy of financing sports in our country. In particular, clubs and federations should begin actively forming a sponsorship pool, focusing on the development of mass sports even in the most remote corners of Kazakhstan, and should also strengthen the training of their own athletes.Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/872306

Tynysbekov Baurzhan Askarovich has been appointed Deputy Chairman of the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan.Tynysbekov Baurzhan Askarovich was born in 1987. Higher education.He started his career in March 2012 as an expert in the F-2 Department of the Financial Monitoring Committee of the Ministry of Finance of the Republic of Kazakhstan.From 2012-2022 he worked in the system of the Ministry of Finance of the Republic of Kazakhstan in various positions.From 2022-2023 - Deputy Head of the Department of State Property and Privatization of Almaty city of the Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan.From September 2023 to the present, he has worked as the head of the West Kazakhstan Department of State Property and Privatization of the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/872737

Today, the Minister of Finance of the Republic of Kazakhstan Takiyev M.T. met with the Ambassador Extraordinary and Plenipotentiary of France to the Republic of Kazakhstan Sylvain Guiaugué.M.Takiyev congratulated Sylvain Guiaugué on his appointment as Ambassador Extraordinary and Plenipotentiary of France to Kazakhstan.During the meeting, the Parties discussed current issues of the development of bilateral economic relations and the implementation of joint projects in the Republic of Kazakhstan.In addition, the French side informed about the activities of the French Development Agency, the proposed financial instruments available for the implementation of projects in various sectors of the economy.Madi Takiyev expressed readiness to establish a permanent active dialogue to develop mutually beneficial cooperation and strengthen strategic partnership.Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/872885

Minister of Finance of the Republic of Kazakhstan Madi Takiev presented the draft law "On the Republican budget for 2025-2027" at the plenary session of the Mazhilis of the Parliament of the Republic of Kazakhstan. During the discussion of the bill, amendments were made aimed at improving the quality of life of the population and the development of the regions.Revenues to the budget of the Republic of Kazakhstan in 2025 will amount to 21.7 trillion tenge (an increase of 1.2 trillion tenge compared to the current year's plan). At the same time, the deficit will gradually decrease: in 2025, this indicator is projected at 2.7% of GDP, by 2027 the decrease will amount to 1.9% of GDP.Budget expenditures, taking into account revenues and deficits, are planned for 2025 at the level of 25.8 trillion tenge with an increase of 1.7 trillion tenge compared to the previous year."During the discussion of the bill, a number of amendments were made aimed at improving the quality of life of the population and the development of the regions. Of these, additional expenses are provided for the provision of clean drinking water, the development of heat and electricity systems, transport infrastructure, ICI, regional development, as well as the implementation of the Auyl - el besigi project. Also, expenses are provided for salary increases for employees of creative teams, provision of medical services within the framework of the GOBMP, conducting an anti-corruption examination," commented Minister of Finance of the Republic of Kazakhstan Madi Takiev.The largest item of expenditure is the social sphere - the share of total expenditures in 2025 will be 38%. It is planned to allocate 9.8 trillion tenge in this direction (an increase of 862 billion tenge by the current year).The first priority is social security and provision of social assistance to the citizens of the country. Thus, the costs of social benefits for 2025 are provided in the amount of 6 trillion tenge, taking into account the indexation of social benefits and an increase in the number of recipients of payments.The second priority is the development of education. In 2025, expenses in this area will amount to over 1 trillion tenge with an increase of 73 billion tenge to the level.The third priority is healthcare. An increase in the coverage of the population with medical care within the framework of GOBMP and MSHI, taking into account the growth of the population and the increase in the number of patients. Expenditures on the healthcare system for 2025-2027 will amount to 7.6 trillion tenge, of which in 2025 – 2.4 trillion tenge with an increase of 180 billion tenge.In general, the volume of expenditures on the GOBMP in 2025 is planned in the amount of 1.6 trillion tenge. 675 billion tenge is provided for the CSHI, of which 668 billion tenge (11.7 million people) is used to pay state contributions.The fourth priority is tourism. The expenses of the republican budget for the development of tourism and sports in 2025 are planned in the amount of 141 billion tenge, for culture and information - 165 billion tenge.In 2025, 7.5 trillion tenge will be allocated to the regions at the expense of the republican budget, taking into account the amendments of deputies of the Mazhilis of the Parliament of the Republic of Kazakhstan, with an increase of 405 billion tenge.It is planned to allocate 568 billion tenge for the development of the transport industry, where 423 billion tenge is provided for the development of the road industry.137 billion tenge is provided for effective water resources management (an increase of 51 billion tenge or 59% compared to the current year), 68 billion tenge will be allocated to this area in 2026, 54 billion tenge in 2027.Expenditures of law enforcement agencies for 2025 are planned in the amount of 2.7 trillion tenge with an increase of 109 billion tenge. "2.1 trillion tenge is provided to support the development of the real sector of the economy in 2025. Of these, in accordance with the instructions of the Head of State, the development of the agro-industrial complex has been strengthened. 635 billion tenge will be allocated for this area next year, with an increase of 30% compared to the current year. The draft law was widely discussed in the Mazhilis. The document was reviewed at 22 meetings of Working Groups and Committees of the Parliament. The answers to more than 250 questions of deputies are presented. A lot of work has been done with all factions. An extended meeting of the AMANAT faction was held. The issues raised by the deputies, in particular the needs of the regions, were taken into account as much as possible. As a result, funds for more than 400 billion tenge have been redistributed in priority areas," concluded the Minister of Finance of the Republic of Kazakhstan Madi Takiev.Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/873947

Astana, October 21, 2024 – Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Alibek Kuantyrov and Managing Director of JSC “NC “Kazakh Invest” Azamat Kozhanov met with Chairman of the Board of Directors of “Kuwait Investment Company”, Yousef Mohammad Al-Ali, who arrived in Kazakhstan to explore investment opportunities in the country.During the meeting, Kuantyrov expressed Kazakhstan’s readiness to deepen investment relations with Kuwait, including through the signing of a bilateral investment cooperation agreement and a convention on the avoidance of double taxation. The Deputy Minister also highlighted Kazakhstan’s investment climate, government support measures, and particularly emphasized the investment potential in the education and healthcare sectors.Yousef Mohammad Al-Ali, in turn, expressed strong interest in expanding investment cooperation with Kazakhstan, noting the importance of sustainable development in key sectors such as education and healthcare for the long-term economic growth of the country. He emphasized that the Kuwait Investment Company places a high priority on social projects that improve the quality of life and strengthen human capital.At the conclusion of the meeting, both parties reaffirmed their commitment to continue mutually beneficial cooperation and agreed to exchange information on promising projects for potential investment by the Kuwaiti company.For reference: Kuwait Investment Company was established in 1961 and is one of the leading investment companies in the State of Kuwait. It offers a wide range of financial and investment services, including asset management, investment advisory, brokerage services, as well as fund and portfolio management. Company actively invests both locally and internationally, with a focus on diversifying and achieving sustainable growth for its clients’ assets. Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/869744

Warsaw, October 22, 2024 – The Polish capital hosted regular political consultations with the participation of Kazakhstan’s Deputy Foreign Minister Roman Vassilenko and Poland’s First Deputy Foreign Minister Wladyslaw Bartoszewski.The parties discussed the status and prospects for expanding bilateral cooperation in the political, trade and economic, cultural and humanitarian spheres, exchanged views on the regional and international agenda.The issues of implementation of the agreements reached at the meeting of Foreign Ministers of Kazakhstan and Poland Murat Nurtleu and Radoslaw Sikorski in September this year in New York were discussed in detail.The head of the Kazakh delegation noted that “Kazakhstan attaches great importance to the strengthening of multifaceted cooperation with the Republic of Poland. Thanks to the active political dialogue established between the leaders of the two countries, one can see the positive dynamics of cooperation in priority areas”.For his part, Wladyslaw Bartoszewski confirmed Poland’s firm commitment to building up mutually beneficial cooperation with Kazakhstan in all spheres of cooperation.The interlocutors, stressing the need for regular consultations, agreed to maintain a close dialogue between the foreign ministries of Kazakhstan and Poland.In addition, Vassilenko met with Deputy Foreign Minister of Poland Robert Kupecki. The focus was on issues of further strengthening of mutually beneficial cooperation between Astana and Warsaw in the framework of international organizations.On 21 October, Deputy Minister Vassilenko had separate talks at the Ministry of Economic Development and Technology with Ignacy Niemczycki, who had been appointed Deputy Minister for European Affairs in the Prime Minister’s Office the previous day, and with Lukasz Gwiazdowski, Deputy Chairman of the Polish Investment and Trade Agency.The parties discussed practical measures to maintain positive dynamics in bilateral trade, issues of realization of joint business projects, as well as holding the 10th meeting of the Kazakh-Polish Intergovernmental Commission on Economic Cooperation next year in Astana (the IPC co-chairs are R. Vassilenko and Deputy Minister of Economic Development and Technology Y. Tomchak).The head of Kazakh delegation also discussed these topics at a separate meeting with representatives of Polish business.Issues of strengthening cooperation between legislative bodies of Kazakhstan and Poland were the subject of negotiations of the Deputy Minister of Foreign Affairs of Kazakhstan with members of the parliamentary cooperation group “Poland – Kazakhstan”. As a practical solution, the organization of mutual visits of the leadership and members of the Parliaments of the two countries was discussed.In an interview with the Polish News Agency (PAP), as well as during a meeting with experts from senior Polish analytical centers, representatives of the Polish side were introduced to the main foreign policy approaches of Kazakhstan, political and socio-economic transformations in our country, including the key theses of the State of the Nation Address of the President of Kazakhstan Kassym-Jomart Tokayev “Fair Kazakhstan: Law and order, economic growth, public optimism”.For reference: The bilateral trade turnover between Kazakhstan and Poland amounted to 1.23 billion US dollars in 2023 (exports – 598.0 million, imports – 698.9 million), which is 10.4% lower than in 2022 (1.358 billion). For the first 8 months of 2024, the trade volume was 758.6 million US dollars (exports – 328 million, imports – 430.6 million). Since 2005, the gross inflow of investments from Poland to Kazakhstan has reached 447.8 million US dollars. Currently, 140 companies with Poland participation are operating in Kazakhstan. Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/869947

Astana, October 22, 2024 – Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, Alibek Kuantyrov, the Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, Gabidulla Ospankulov, and the Chairman of the Board of JSC “NC “Kazakh Invest”, Yerzhan Yelekeyev, held a meeting with the Chairman of the Korean Importers Association (KOIMA), Byung-Kwan Kim.During the meeting, Kuantyrov introduced the interlocutor Kazakhstan’s investment climate, government support measures, and promising areas for expanding Kazakh-Korean cooperation. The Deputy Minister highlighted Kazakhstan’s interest in joint projects in the food industry, healthcare, and the localization of component production from rare earth metals, given the availability of necessary raw materials in the country.It was also emphasized that Kazakhstan’s new investment policy focuses on developing high value-added industries with an emphasis on further export opportunities. In this regard, advanced Korean technologies could play a crucial role in enhancing both human resources and technological potential.Byung-Kwan Kim noted that Kazakhstan’s rich resource base, combined with South Korea’s experience and expertise, creates excellent conditions for localizing the production of export-oriented goods. However, the KOIMA Chairman expressed concern over logistical issues, which complicate the export of Kazakh products to South Korea due to the geographic distance between the two countries.At the conclusion of the meeting, the parties agreed to develop cooperation in the agricultural sector, starting with the supply of Kazakh wheat to South Korea. They also committed to continuing discussions on logistical issues to facilitate product exports.Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/870596

Astana, 23 October 2024 – First Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Akan Rakhmetullin received the Ambassador of Peru to Kazakhstan concurrently Juan Genaro del Campo Rodriguez.The visit of the Ambassador (with residence in Moscow) took place on the occasion of signing agreements in the field of international legal co-operation with the General Prosecutor's Office of Kazakhstan.Thus, for Kazakhstan, Peru has become another Latin American country with which a complete legal framework in the field of international criminal proceedings has been formed.During the meeting at the Kazakh Foreign Ministry, the parties held discussions on a number of key bilateral and multilateral issues. The focus was on exploring ways to further enhance political, trade, and economic dialogue, including transit-transport cooperation.Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/870598

Astana, October 23, 2024 – A solemn meeting dedicated to the Republic Day was held at the Ministry of Foreign Affairs of Kazakhstan, at which Minister Murat Nurtleu congratulated the staff of the department on the holiday.In his congratulation, the Foreign Minister stressed that the Declaration of Sovereignty of Kazakhstan, adopted on October 25, 1990, became an important milestone on the way to independence of our state. This holiday is a vivid symbol of the reforms and state modernization that are actively being carried out in the country."The achievements of Kazakh diplomacy contribute to the solution of the fundamental initiatives of the Head of State on the foreign policy track, serve to strengthen political dialogue and economic cooperation with foreign countries, attract foreign investment and technology," M. Nurtleu said.In honor of the Republic Day, employees of the Central Office of the Ministry of Foreign Affairs and foreign institutions of the Republic of Kazakhstan were awarded state awards and letters of thanks on behalf of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev. Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/871654

Astana, October 22, 2024 – Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Alibek Bakayev held a meeting with Ambassador of the Republic of Singapore to Kazakhstan, Zulkifli Baharudin.The parties highly valued the outcomes of the state visit of President of Kazakhstan Kassym-Jomart Tokayev to Singapore in May of this year and agreed to continue implementing the agreements reached during the visit.“Singapore remains one of Kazakhstan’s key partners in Southeast Asia. Kazakhstan is focused on further strengthening trade and economic ties with Singapore. Last year, the volume of bilateral trade amounted to 1.8 billion US dollars, and we are confident that we can increase this figure by improving the quality of mutual trade,” noted Bakayev.The Deputy Minister paid special attention to strengthening bilateral cooperation with Singapore, covering key areas such as trade and economic, investment and transport-logistics partnerships.Additionally, the parties exchanged views on current global and regional issues and discussed collaboration within multilateral frameworks.The Singaporean diplomat was awarded a certificate of appreciation from Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu for his significant contribution to the development of bilateral relations. Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/871743

Astana, October 22-23, 2024 – As agreed by the parties, the 9th Meeting of the High Level Working Group on the Caspian Sea Issues was held.The delegations of the Republic of Azerbaijan (led by Samir Sharifov), the Islamic Republic of Iran (led by Alireza Jahangiri), the Republic of Kazakhstan (led by Zulfiya Amanzholova), the Russian Federation (led by Mikhail Petrakov) and Turkmenistan (led by Myrat Atajanov) took part in the negotiations.The meeting was chaired by the head of the Kazakhstan delegation Zulfiya Amanzholova.The parties continued the discussion on the methodology for establishing straight baselines in the Caspian Sea.Within the framework of the meeting, the parties carried out a review of cooperation in the Caspian Sea, discussed preparation for the next meeting of the ministers of foreign affairs of the Caspian states in Turkmenistan, as well as the progress of the negotiation process on the drafts of five-party documents.Delegations expressed their gratitude to the Republic of Kazakhstan for the high level of organization of the meeting.The next Meeting of the HLWG will be held in Turkmenistan on dates agreed through diplomatic channels. Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/871761

Astana, October 23, 2024 – First Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, Akan Rakhmetullin, held meeting with the newly appointed Head of the UN Organization for Migration Mission in Kazakhstan and Coordinator for Central Asia, Serkhan Aktoprak.At the meeting, the parties discussed a wide range of issues concerning Kazakhstan’s interaction with the IOM, including such areas of cooperation as immigration and registration of foreign citizens, border control, and prevention of illegal migration, illegal transportation and exploitation of people.Deputy Minister expressed gratitude to the representative of an international organization for active participation and support of the Almaty Process aimed at solving numerous migration problems in Central Asia.Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/872775

Astana, October 28, 2024 – The Ministry of Foreign Affairs of the Republic of Kazakhstan hosted the first meeting of the subgroup under the Consultative and Consultative Body “Human Dimension Dialogue Platform” devoted to preparations for the defense of the Fourth Periodic National Report of the Republic of Kazakhstan under the Universal Periodic Review.The national report has been prepared by the Ministry of Justice of Kazakhstan in cooperation with government agencies and civil society institutions.During the meeting, co-chaired by Alua Nadirkulova, Ambassador-at-Large of the Foreign Ministry, and Botagoz Zhakselekova, Vice Minister of Justice, the progress in implementing the recommendations received by Kazakhstan following the results of the previous review in 2019 was discussed. Out of 245 recommendations of the member states of the UN Human Rights Council, Kazakhstan supported 214 and took into account 31 recommendations, taking into account the national legal policy of the state and the practice of application of the current legislation. An Interdepartmental Plan for 2020-2024 was approved to implement the supported recommendations.As part of the implementation of the recommendations, the mandate of the Commissioner for Human Rights has been expanded in accordance with the Paris Principles, including the provision of financial and human resources; the Optional Protocols to the Convention on the Rights of the Child and the Convention on the Rights of Persons with Disabilities have been ratified; legislative measures have been taken to criminalize torture, cruelty, and violence against women and children; existing legislation to combat trafficking in persons has been revised; new laws on political parties and peaceful assemblies have been adopted, as well as a new Administrative Procedural Code; measures have been strengthened to support people with disabilities and children left without parental care, etc.In parallel with the preparation of the official report, the Coalition of Non-Governmental Organizations of Kazakhstan prepared eight alternative reports, one of which was also discussed at this meeting.In general, the issues on the agenda were discussed in a constructive and open format. Representatives of government agencies and NGOs had the opportunity to exchange views and recommendations directly.The Consultative and Consultative Body “Human Dimension Dialogue Platform” was established in 2013 on the initiative of the Foreign Ministry of Kazakhstan. The platform is an effective tool for facilitating dialogue between the Government and the civil sector. Various topical issues of human rights protection are discussed at the site with the participation of international organizations (UNDP, OHCHR, and OSCE).Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/874230

Astana, October 29, 2024 – Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Alibek Kuantyrov held talks with Deputy Minister of Foreign Affairs and International Cooperation of the Italian Republic Edmondo Cirielli.During the meeting, the parties discussed key issues of bilateral cooperation, in particular, the practical implementation of agreements reached following the official visit of President of Kazakhstan Kassym-Jomart Tokayev to Italy in January 2024.At the same time, the interlocutors exchanged views on the issue of interaction within the framework of the Central Asia+ dialogue Italy", as well as at the site of various international organizations.A. Kuantyrov stressed that Italy is the largest trading partner of Kazakhstan in the European Union. He noted with satisfaction the successful holding of the 9th meeting of the Kazakh-Italian intergovernmental working group on industrial and economic cooperation and exchange, which took place during the visit of E. Cirielli to our capital.In turn, the Italian diplomat confirmed that Rome traditionally attaches great importance to the strategic partnership with Astana. In particular, he informed about the Sogesid company's project aimed at the socio-ecological revival of the areas of the Aral Sea zone.In this regard, the Deputy Minister of Foreign Affairs of Kazakhstan welcomed the initiative of the Italian side to develop an Action Plan to create a knowledge exchange network between Central Asia and Italy, which provides for a meeting of working groups on agriculture, health, transport, higher education, water resources and energy.Following the meeting, the parties agreed to continue a multifaceted dialogue aimed at strengthening the entire spectrum of the Kazakh-Italian strategic partnership.For reference: Italy is the largest economic partner of Kazakhstan in the EU. In January-September 2024, the trade turnover reached 16 billion US dollars (exports – 15.1 billion, imports – 900 million), which is 36% higher than in the same period of the previous year (11.7 billion dollars). From 2005 to the second quarter of 2024, the volume of investments from Italy to Kazakhstan amounted to more than 7.6 billions of dollars. 278 legal entities with the participation of Italian capital are registered in Kazakhstan.Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/874405

On October 12, 2024, the Ministry of Energy of Uzbekistan hosted a working meeting of the heads of the water and energy departments of Kazakhstan, Kyrgyzstan and Uzbekistan.The Minister of Energy of Kazakhstan Almasadam Satkaliyev, Minister of Water Management and Irrigation of Kazakhstan Nurzhan Nurzhigitov, as well as representatives of the Settlement and Financial Center for Renewable Energy Support, KEGOC, Samruk-Energo companies took part from the Republic of Kazakhstan.First Deputy Minister of Energy of Azerbaijan Kamol Abbasov was also present at the meeting as an invited guest.The main focus of the meeting was on ensuring the smooth functioning of water and energy systems in the autumn-winter period. The participants agreed on the schedules of the networks and discussed further measures to maintain the stability of the system.In addition, key joint projects were discussed, including the current state of construction of the Kambaratinskaya HPP-1, as well as issues of coordinating the water and energy balanceFollowing the meeting, the parties signed a corresponding protocol.Source : https://www.gov.kz/memleket/entities/energo/press/news/details/864477

On October 15, 2024 in Aktau, Vice Minister of Energy K. Arymbek took part in the forum "Business Opportunities in projects of JSC NC KazMunaiGas", aimed at supporting Kazakhstani content in the country's oil and gas projects.The event was attended by Akim of Mangystau region N. Kilybai, Chairman of JSC NC KazMunayGas A. Khasenov, as well as more than 100 domestic producers. The forum participants got acquainted with the work of KMG in support of local content and discussed further plans in this direction.During his speech, Vice Minister K.Arymbek spoke about the tasks set by the Government to increase the Kazakhstani content in the procurement of subsurface users of the oil and gas sector and support domestic producers of goods, as well as suppliers of works (services).The Vice Minister also noted the ongoing work of the Ministry of Energy on the development of domestic value.To date, the Ministry has conducted an analysis of subsurface use contracts in the field of hydrocarbons, according to the results of which 60 subsurface users have been identified, where the volume of purchase of each by the end of 2023 amounted to more than 1.5 billion tenge. In order to support domestic producers and increase domestic value, issues of concluding long-term contracts and off-take contracts are being worked out with each subsurface user.Source : https://www.gov.kz/memleket/entities/energo/press/news/details/864927

On October 16, 2024, the Ministry of Energy of the Republic of Kazakhstan presented a System for monitoring the preparation and passage of the heating period based on the Energy Tech platform (IS "Unified State Fuel and Energy Complex Management System" (EGSU TEK) as part of a Demo Day organized by the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan (ICRIAP).The purpose of the event is to demonstrate new digital projects, discuss their effectiveness for improving public services and optimizing government functions for the public and business.The system provides the possibility of remote monitoring of electric and heat supply facilities in real time according to the following parameters:The condition of the power equipment;Operation of the energy system of the Republic of Kazakhstan as a whole;Compliance with the parameters of the released electrical and thermal energy;Transparency of planning, approval and execution of repairs, investment programs and marginal tariffs.The main task of EnergyTech is asset management and accounting of energy resources, as well as the provision of public services and functions through a single digital platform.Vice Minister of Energy of the Republic of Kazakhstan Bakytzhan Ilyas stressed that the Ministry, together with ICRIAP and the Digital Government Support Center, is actively working to create a digital data catalog and optimize business processes in the industry.Solutions for the use of artificial intelligence (AI) technologies are also being developed. To do this, an Acceleration Group on AI in the Fuel and Energy Sector has been created, which includes representatives of the Ministry, the AI Committee of the ICRIAP RK and leading companies in the industry.Special attention in the process of digitalization is paid to information security issues. Within the framework of the EnergyTech project, it is proposed to work out the issue of ensuring the safety of automated process control systems (APCS) and the protection of critical information and communication infrastructure facilities in the fuel and energy sector.These measures will significantly increase the security and stability of technological processes in the energy industry.Source : https://www.gov.kz/memleket/entities/energo/press/news/details/866017