A new railway line Borzhakty-Yersay linking existing networks with a new port in the Caspian Sea has started trial operations, Kazinform news agency reported on July 3.
The 23.8km-long line links the Mangyshlak-Ozen line with the Kuryk port which is carrying out the construction of a major ferry facility. The construction of the line was launched on October 1, 2014.
The line is expected to boost freight shipped to the country’s sea ports by rail. The volume of freight transhipped via Kazakh ports reached 10.3mn tonnes in 2014, 2% up from 2013. Of this the volume of freight shipped by rail was 6.2mn tonnes, a 10% increase y/y.
In the country’s west Kazakhstan commissioned the Zhezkazgan-Beyneu line linking the country’s western parts with the central and Ozen-Bolashak line linking Kazakh railway networks with those of Iran via Turkmenistan.
OPEC+ agreed on August 2 to raise output by around 188,000 barrels per day (bpd) from September, completing the unwinding of voluntary cuts first agreed in 2023. The decision, taken at a virtual ... more
S&P Global Ratings has upgraded the credit ratings of several subsidiaries of Nasdaq-listed Freedom Holding, raising ratings on Freedom Finance, Freedom Finance Europe, Freedom Finance Global and ... more
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more