Latest news with #Tokayev
Reuters
8 hours ago
- Business
- Reuters
Kazakhstan and Turkey discussed an increase in oil exports via BTC
MOSCOW/ASTANA, July 30 (Reuters) - Talks between Kazakhstan's President Kassym-Jomart Tokayev and Turkish leader Tayyip Erdogan on Tuesday included a possible increase in Kazakh oil exports via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, the press service of the head of Kazakhstan reported. "The delegations discussed issues of cooperation in the energy sector, including prospects for increasing exports via the Baku-Tbilisi-Ceyhan oil pipeline," the statement said, without providing additional details. The agenda of Tokayev's visit to Turkey for a meeting of the two countries' high-level strategic cooperation council also included cooperation in power generation, agriculture and mining. Kazakhstan increased oil exports via BTC in the first half of 2025 by 12% compared to the same period last year to 785,000 tons (34,000 barrels per day), according to the state statistics. Oil is delivered to Baku by tankers via the Caspian Sea from the port of Aktau, which would need upgrading to increase export levels. Also, oil exports via BTC are limited by the quality requirements for Kazakh crude to join the pipeline. Kazakhstan in its development plan until 2029 considered the possibility of building a trans-Caspian oil pipeline and marine terminals on the Kazakh and Azerbaijani coasts of the Caspian Sea. Kazakhstan, whose main income comes from oil exports, is the world's biggest landlocked country, and the two main routes for exporting its oil to international markets pass through the Russia to its Black Sea and Baltic ports. Exports of Kazakh oil circumventing Russian ports made up just 5.9% of the total exported volume of 32.6 million tonnes in the first 6 months of 2025 and this share remained unchanged from 2024, according to state statistics. In 2022, President Tokayev called for an increase of oil exports bypassing Russia. Following this, Kazmunaigaz and Azerbaijan's state oil company SOCAR concluded an agreement, envisaging the transport of 1.5 million tonnes of oil per year from the Tengiz oil field to the BTC.
Channel Post MEA
14-07-2025
- Business
- Channel Post MEA
Kazakhstan Launches its First National Supercomputer in Strategic Partnership with Presight
The Republic of Kazakhstan has launched its first national supercomputer, developed by the Ministry of Digital Development, Innovation, and Aerospace Industry, in strategic collaboration with Presight. The supercomputer will serve as a cornerstone for Kazakhstan's AI ecosystem, enabling advanced research, large-scale model training, and secure data infrastructure. The launch ceremony was attended by His Excellency President Kassym-Jomart Tokayev, senior government officials, and global technology leaders, marking a pivotal moment in the country's innovation journey. The supercomputer will accelerate Kazakhstan's role as a regional hub for AI and cloud computing, fostering cross-border collaboration across Central Asia, the Middle East, and beyond. It also reinforces the country's commitment to data sovereignty and scientific excellence. Magzhan Kenesbai, Chief Growth Officer, and Maxat Koshumbayev, Country Manager for Kazakhstan , represented Presight at the launch ceremony. While presenting to President Tokayev, Kenesbai emphasised Kazakhstan's readiness to lead in AI development. 'Kazakhstan has all the foundational elements to emerge as a global leader in artificial intelligence, and Presight fully supports President Tokayev's bold vision for digital transformation. This journey is being shaped through close collaboration between the government, local stakeholders, and international partners—advancing critical areas such as energy infrastructure, data centers and compute capacity, chip imports, talent development, and frontier AI models. The launch of the national supercomputer is a key milestone in a broader, strategic agenda to build a digitally empowered nation. Presight is proud to stand alongside Kazakhstan as a trusted partner in this nation-building effort,' said Kenesbai. He also briefed President Tokayev on Presight's latest global initiatives, provided insight on the Stargate UAE project and UAE-US AI Campus, and shared updates on the implementation status of the Astana Smart City project (in partnership with the Akimat), which is currently underway with the construction of a data center, a command center at and the deployment of the AI analytics system. The project features over 60% local suppliers, and Presight Kazakhstan now employs more than 50 specialists, supporting technology transfer, local expertise, and long-term in-country value.
Al Etihad
12-07-2025
- Business
- Al Etihad
Kazakhstan unveils first national supercomputer in strategic partnership with Presight
11 July 2025 22:00 ABU DHABI (ALETIHAD)In a landmark step toward digital transformation and technological sovereignty, the Republic of Kazakhstan has officially launched its first national supercomputer in collaboration with in Astana on Friday, in the presence of President Kassym-Jomart Tokayev, senior government officials, and global technology leaders, the supercomputer marks a major milestone in the country's innovation journey. It was developed by the Ministry of Digital Development, Innovation and Aerospace Industry in strategic partnership with Presight, a UAE-based G42 supercomputer will form the backbone of Kazakhstan's AI ecosystem, enabling advanced research, large-scale model training, and secure data infrastructure. It also reinforces the country's commitment to data sovereignty, digital transformation, and scientific excellence, while positioning Kazakhstan as a regional hub for AI and cloud Kenesbai, Chief Growth Officer, and Maxat Koshumbayev, Country Manager for Kazakhstan, represented Presight at the launch. Addressing President Tokayev, Kenesbai said, 'Kazakhstan has all the foundational elements to emerge as a global leader in artificial intelligence, and Presight fully supports President Tokayev's bold vision for digital transformation. This journey is being shaped through close collaboration between the government, local stakeholders, and international partners—advancing critical areas such as energy infrastructure, data centres and compute capacity, chip imports, talent development, and frontier AI models."The launch of the national supercomputer is a key milestone in a broader, strategic agenda to build a digitally empowered nation. Presight is proud to stand alongside Kazakhstan as a trusted partner in this nation-building effort.'During the event, Kenesbai also briefed the President on Presight's global initiatives, including the Stargate UAE project and UAE-US AI Campus, as well as the status of the Astana Smart City project. The Astana project, developed in partnership with the Akimat, includes construction of a local data centre, a command centre at and deployment of a comprehensive AI analytics system. Notably, over 60% of the project relies on local suppliers, with Presight Kazakhstan now employing more than 50 specialists to support technology transfer and in-country value creation. Source: Aletihad - Abu Dhabi
Miami Herald
10-07-2025
- Business
- Miami Herald
Key Country Wooed by China, Russia Responds to New Trump Tariffs
Kazakhstan, whose close ties with Russia and China have made it a significant regional player in Central Asia, has said it is ready to reach a compromise with the Trump administration over tariffs due to take effect next month. Kazakh President Kassym-Jomart Tokayev sent a letter to Trump expressing a hope for a "rational solution to trade issues," according to Russian state media outlet TASS. Trump's tariffs on countries which are aimed at what the U.S. president has said would rebalance trade, include 25 percent levies on Kazakhstan, whose natural resources are critical for both its neighbors, Russia and China. Newsweek has contacted the White House for comment A former Soviet republic, Kazakhstan still has a close relationship with Moscow although its president, Tokayev has notably not backedVladimir Putin's full-scale invasion of Ukraine and signaled a pivot toward Beijing. China is eager to buy the huge amounts of nickel, copper, lithium and other so-called critical minerals in Kazakhstan for its electric vehicles and batteries. Moscow in turn has asked Kazakhstan to supply the country with gasoline in case of shortages caused by Ukrainian drone strikes on Russian energy facilities. Takayev's comments show he seeks to strike a favorable deal with the U.S. that rivals both China and Russia. Trump this week published letters on his Truth Social account about duties on goods coming into the U.S. from other countries in a policy he says would rebalance trade. Kazakhstan was among the first countries whose letters he addressed with tariffs on goods entering the U.S. from the country set at 25 percent from August 1. This is lower than many countries, but Trump's comments have hinted that negotiations over this next three weeks could change matters. Tokayev said in a statement he was ready for "a constructive dialogue" to develop a rational solution to trade issues and was confident of a "compromise on the trade problem." Tokayev also said Astana views Washington an important trade and investment partner and wanted "fair, predictable, mutually beneficial trade ties." Last year, there was $4.2 billion worth of trade turnover between Kazakhstan and the U.S. and between January and May 2025, $1.26 billion, including exports of $418.2 million. Astana has said that duties will not affect 95 percent of Kazakhstan's exports to the United States, including oil, uranium, silver, metal alloys, tantalum, and titanium 7. A statement by the press service of Kazakhstan president Kassym-Jomart Tokayev "confirmed our country's readiness to continue a constructive dialogue in order to develop a rational solution to trade issues and expressed confidence in reaching a compromise on the trade problem." Trump has warned that if any country introduces retaliatory duties, Washington would increase its tariff rates. Tokayev's comments suggest that like other countries, Kazakhstan will seek to get a deal with the U.S. over the line in the next three weeks. Related Articles Russia's Neighbor Responds to Reports Oreshnik Missile Broke Down MidflightAsia Map Shows Region Rocked by Powerful Earthquakes in 24 HoursRussia's Ally Issues HMPV Update as 30 New Cases RecordedHMPV Outbreak: Full List of Countries With Reported Cases 2025 NEWSWEEK DIGITAL LLC.
The Sun
10-07-2025
- Business
- The Sun
Kazakhstan seeks compromise with US on new 25% tariffs
ALMATY: Kazakh President Kassym-Jomart Tokayev has expressed readiness for constructive talks with US President Donald Trump following the imposition of new 25% reciprocal tariffs on certain Kazakh exports. The move is part of Trump's broader trade policy adjustments under the 'America First' agenda. Starting August 1, select goods from Kazakhstan will face the higher tariff rate, though key exports like oil, uranium, and silver remain exempt. The Kazakh trade ministry confirmed that these commodities, which dominate bilateral trade, will not be affected. In a letter to Trump, Tokayev emphasized Kazakhstan's willingness to negotiate a balanced resolution. 'Tokayev expressed confidence in reaching a compromise on the trade issue,' the presidential press service stated. Trade between the two nations reached $4.2 billion in 2024, marking a 4% increase from the previous year. Crude oil remains Kazakhstan's top export to the US, constituting 56.2% of total shipments, followed by uranium (16.4%) and silver (12.2%). Ferroalloys, tantalum, and related products make up smaller shares. - Reuters
