In January-August the Port of Tallinn handled 13.97 million tons of cargo (down by 8.2% YoY). According to the Port Authorities, transshipment of containers and liquid bulk cargo dropped by 5.5% (131,172 TEUs) and 22% (7.04 million tons) accordingly. Transshipment of loose bulk cargo increased by 35.5% (2.40 million tons), Ro-Ro – by 5% (2.99…
Turkmenistan is increasing the electricity supply to neighboring Afghanistan, said Turkmenistan’s President Gurbanguly Berdimuhamedov in his message to the participants of the international energy conference in Ashgabat. “The high-voltage power transmission line, stretching from the Mary state power plant to the border with Afghanistan through the Atamyrat city, has improved the quality of electricity supply…
Construction of a power line of 500 kilovolts is under consideration for ensuring the electricity supply from Turkmenistan to Pakistan. The route of the new electricity grid will run in parallel to the route of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. Moreover, work is underway on constructing Mary – Sarakhs – Mashhad (Turkmenistan-Iran) overhead power transmission line…
The international rating agency Fitch Ratings has affirmed Kazakhstan-based JSC KazTransOil’s (KTO) Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook, the rating agency reported. “The ratings reflect KTO’s strong operational and financial profile, which we expect the company to maintain at least over the medium term, as well as its…
International Finance Corporation (IFC) is considering the possibility of financing the Southern Gas Corridor project, IFC representative in Azerbaijan Aliya Azimova said. She pointed out that this project was of great importance for the entire region. “We constantly follow the ongoing processes in this project and systematically connect with its main participants. However, for the…
Construction of a pipeline through Greece for supplies of Russian gas to Europe is a purely economic project and Athens is determined to implement it as soon as possible, Special Adviser to the Greek Prime Minister Dimitris Velanis said. “We will certainly go for implementation of the project. And Europe knows it”, he said. The…
The Global Cold Chain Alliance (GCCA) is prepared to help Azerbaijan expand the potential of agribusiness and make Azerbaijani agricultural products reach domestic and foreign markets, GCCA Vice President of International Programs Richard Tracy said. Tracy said he was impressed by some enterprises in Azerbaijan, adding that they fully met international standards, however, some businesses…