Azerbaijan hired McKinsey & Company, a worldwide management consulting firm, to develop a road map for the country’s economy to 2025 and beyond. “We were expecting to enter the post-oil era in about 10-15 years, but we have practically found ourselves in that situation already today”, Natiq Amirov, Azerbaijani presidential aide on economic reforms, said.…
Malaysia’s oil and gas company Petronas will conduct exploration at the Goshadash structure in the Azerbaijani sector of the Caspian Sea, First Vice President of the Azerbaijan’s state oil company SOCAR Khoshbakht Yusifzade said. Yusifzade said that the exploration could be deepened in future, but currently general works, including seismic works, were underway. “If the…
Logistics problems slow down the growth of Russian soybeans exports to China, namely the absence of transport routes of the oilseed to the country, the President of the Russian Grain Union Arkadiy Zlochevskiy said. Russia supplies soybeans to China, but the export volumes are quite low. The eastern region of Russia has large-scale stocks of…
Kazakhstan is holding negotiations to increase the quotas for the supply of wheat to the People’s Republic of China to 400 thousand tons per year, the Deputy Minister of Agriculture Gulmira Isayeva declared. In accordance with the protocol signed in December 2015, Kazakh businesses received permission to export wheat not in bags, but in bulk…
At the beginning of last week weather conditions were favorable for completion of winter wheat harvesting in the South and South East. Crops condition is mainly good and stage of development is full ripeness. In the reporting period conditions were also favorable for growth and development of spring grain crops and grain filling, though short-term…
On August 22-28, the export volumes of grains from the Russian seaports reached 203.1 thousand tons, against 406.8 thousand tons shipped in the previous week. In particular, wheat shipments totaled 200 thousand tons, and peas – 3.1 thousand tons. (APK-Inform/Business World Magazine)
The European Bank for Reconstruction and Development (EBRD) is extending a 10 million euro loan to PP Polesie JLLC (PP Polesie), a leading producer of children’s plastic toys in Belarus. PP Polesie is one of the major exporters of toys to Russia and is also actively expanding in the EU member-states including Germany, Italy and…