Azerbaijan’s state oil company SOCAR made a decision to extend the term of a letter of guarantee on the tender to buy a 66-percent stake in the Greek national gas transmission system operator DESFA for another month, Anar Mammadov, SOCAR Energy Greece executive director, reported. “We are trying to find a mutually acceptable solution”, he…
The interconnecting gas corridor between Macedonia and Greece will use the Trans-Adriatic Pipeline (TAP) for supply of natural gas from Azerbaijan, CEO of Macedonian Energy Resources Skopje company Krste Miladinov reported. TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan’s Shah Deniz gas and condensate field to the EU countries.…
In the coming years, Kazakhstan plans to significantly increase the exports of grains to the market of China – to 1-1.5 million tons annually since 2017-2018 period, with up to 2-2.5 million tons by 2020, the Chairman of the Grain Union of Kazakhstan Nurlan Ospanov declared. According to him, Kazakhstan will increase grain exports to…
A need will emerge to transport oil from Kazakhstan’s Kashagan field through Azerbaijan when Phase 2 of the field’s development starts, the press service of the Kazakh Energy Ministry reported. Production at the Kashagan field started in October. Several years will be needed for it to enter the second phase of development, although the exact…
Inflation rate in Kazakhstan hit 6.2% in January-October, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 5.7%, non-food items’ prices have gone up by 7.6%, and paid services’ prices have increased by 5.4% since early 2016. Kazakhstan’s inflation rate over the 12 months ending in October amounted…
Ukrainian farmers are completing sunseed harvesting. As of October 31, sunseed was gathered from 5490.5 thousand ha or 93% of the intended area (5916.2 thousand ha), up by 11.8% YoY (4909 thousand ha). Farmers obtained 12023.3 KMT of sunseed with the average yields of 2.19 MT/ha, which is all-time high for Ukraine. In 2015 farmers…
Natural gas production in Ukraine in January-October increased by 0.9% (by 151.8 million cubic meters) YoY, to 16.661 billion cubic meters. According to PJSC Ukrtransgaz, in October gas production amounted to 1.713 billion cubic meters, up by 0.5% YoY. In October, in particular, gas extraction by PJSC Ukrgazvydobuvannia amounted to 1.23 billion cubic meters, PJSC…