Businessman Igor Yusyfov’s Fund Energy, which invests in oil production in Russia and the CIS, believes that Russian state-owned oil major Rosneft may buy the government’s 19.5% stake in itself. This plan will help the government receive 700 billion rubles, while Rosneft may sell the shares for a profit. The plan is “weird,” but it…
Russian President Vladimir Putin has ordered the Industry and Trade and Economic Development ministries to work on proposal by Deputy Prime Minister Dmitry Rogozin to replace management of railway equipment and tank maker Uralvagonzavod and transfer it to the state company Rostec. In a September letter to Putin, Rogozin said the plant was in dire…
On October 5, the National Mercantile Exchange CJSC (NAMEX) held the regular stock exchange trading within frames of public grain purchasing interventions in the regional trading platforms of Russia, and purchased 48.195 thousand tons of grains (from the proposed volume of 54 thousand tons) valued at 450.181 million RUR, the press-service of NAMEX declared. In…
Nibulon, one of Ukraine’s largest agricultural enterprises based in Mykolayiv, has embarked upon construction of its second terminal for transshipping cereal and oilseed crops onto sea and river transport in Kherson region. The new terminal will be located in Hola Prystan and it will join the one in Kozatske, Beryslav district, Kherson region. After commissioning…
Trade mission of Kazakh producers was held in Teheran during which negotiations with potential Iranian customers were conducted. The countries signed the Road map on trade, economical and investment cooperation in different spheres of industry and agriculture. It should be noted that currently 160 joint Kazakh – Iranian companies are already working in Kazakhstan. Iranian…
In July Kazakhstan exported 11% more flour than in July 2015 (141.3 KMT against 126.8 KMT). Over 11 months of 2015/2016 Kazakhstan increased flour exports by 29% YoY. Afghanistan imported record high volume of Kazakh flour during the period in view – 1096 KMT. Last time Afghanistan imported such large volumes of flour in 2009/2010.…
In 2015/2016 MY the processing volumes of sunflower seed in Ukraine broke a record and reached 11.7 million tons, up by 11% YoY. Taking into account the fact that last season the general processing capacities in the country totaled 16 million tons per year, in 2015/2016 MY the average loading rate of oilseed processing enterprises…