In January-November Commercial Sea Port Yuzhny handled 36,239,800 tons, down by 17.8%, YoY, Ukrainian Sea Ports Authority says. According to the statement, this makes 30% of total throughput of Ukraine’s seaports (120,717,900 tons). In the 11-month period the growth was shown by the following sectors: metal – 89,400 tons (+73.1%), containers – 73,800 TEUs (+51.5%),…
An International Monetary Fund (IMF) mission led by Martin Sommer visited Ashgabat on December 1-6, to assess macroeconomic and financial developments and discuss economic challenges and policy priorities with senior government officials and the diplomatic community. The expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan,…
Kazakhstan’s huge oil field Kashagan was officially presented on December 7, Kazakh Energy Ministry said. Kazakh President Nursultan Nazarbayev took part in the event. Oil production at Kashagan was launched in autumn and reached commercial level of 75,000 barrels per day on November 1. Currently work is carried out in order to increase the level…
JSC National Company Food Contract Corporation announced the increase of the purchasing prices for 3- and 4-grade wheat Triticum aestivum L., the company’s press-service reported. In particular, the prices for 3-grade wheat, purchased to the commercial resources of the company, increased from 41`500-50`000 KZT/ton to 49`000-58`000 KZT/ton for VAT taxpayers (depending on the qualitative indicator),…
Kazakh wheat exports continued expanding in October. Kazakhstan exported 452.8 KMT of wheat in the second month of the season, up by 40% YoY. In the first two months of 2016/2017, Kazakhstan exported 38.7% more wheat YoY (808 KMT), which is a three-year high. The share of Kazakh wheat’s key export destinations – Uzbekistan, Tajikistan,…
In 2016/2017 MY the export potential of Ukrainian feed corn totals nearly 18 million tons, up by 9% YoY. At the same time, in October Ukraine exported over 1.35 million tons of corn, which became the absolute record for the reporting month. But due to the record global production of corn, as well as rather…
As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has announced a procurement tender for designing and constructing the Estonian side of the project. “The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without…