Ukraine’s State Property Fund (SPF) seeks to sell private joint-stock company President Hotel, 51% of shares in Zaporozhye Titanium and Magnesium Works and 50% in public joint-stock company Azovmash. This is outlined in the fund resolution No. 1763 dated September 23. In addition, the fund intends to sell almost 100% of shares in Ukrainian Bank…
Azerbaijan’s state oil company SOCAR has extended the term of a letter of guarantee on the tender to buy a 66% stake in the Greek national gas transmission system operator DESFA until October 31, SOCAR said in a message. The message says that as a part of his visit to Greece, SOCAR head Rovnag Abdullayev…
Azerbaijan’s state oil company SOCAR will additionally produce more than 6,200 tons of oil per year thanks to the commissioning of a new horizontal well at the Western Absheron field in the Caspian Sea, SOCAR said in a message. Oil is extracted from the well bore within the range of 761-678 meters at a flow…
Iran has not received any offers to be excepted from an oil production freeze deal from OPEC, Iranian Oil Minister Bijan Zangeneh reported. On Tuesday, a high-ranking source in the Algerian delegation to the International Energy Forum said that Saudi Arabia was ready to cut its oil production to January levels if Iran froze its…
In July Kazakhstan exported 206.66 KMT of wheat. In just eleven months of 2015/2016 Kazakhstan exported 12.5% more wheat than over the same period of the previous season (3457 KMT against 3070 KMT during July-September 2014/2015 MY). During this period, Kazakhstan increased its supply to virtually all wheat markets, except Azerbaijan. Kazakh wheat shipments to…
The office of the Indian trading company ‘Global Trading’ was registered in Azerbaijan. The legal representative of the new company is Namig Veysalov. The company was registered in the Ministry of Taxes of Azerbaijan on June 6. Headquarters of the Global Trading company is in Delhi. The company deals with selling and production of paper,…
The restoration pace of the Ukrainian economy is predictable and insufficient, IMF Resident Representative Jerome Vacher has said. The economy has achieved macroeconomic stabilization, the IMF sees a gradual improvement of the economy – an increase of 1.5%, as the IMF predicts for 2016. But it’s a moderate recovery and the IMF would like to…