Azerbaijan’s state oil company SOCAR will produce over 5,800 tons of oil annually through commissioning a new well at the offshore Oil Rocks field, SOCAR said in a message. Oil is extracted from a wellbore within the range of 1,617-1,612 meters, according to the message. SOCAR is implementing a program to stabilize and increase the…
Silk Way Helicopter Services (SWHS MMC) commercial helicopter company and Russian helicopter holding Russian Helicopters signed a letter of intent within the ADEX 2016 International Defense Exhibition on September 27. The document was signed by Director General of Silk Way Helicopter Services Azer Sultanov and Deputy Director General of JSC Russian Helicopters Igor Chechikov. According…
The hot dry summer in the Black Sea region is stirring concerns for the next winter wheat crop, as the European Commission warns on Russian prospects after a hot dry summer. While US wheat sowings are expected to fall sharply this year, in response to low prices, sowings in Russia are expected to boom, thanks…
Russian wheat exports haven’t lived up to expectations so far this season as falling prices made some growers reluctant to sell grain to traders amid a halt in purchases by Egypt, the world’s largest buyer. Outbound shipments in the three months since the campaign started in July would probably amount to 9 million metric tons,…
Russia will lift the ban on deliveries of all fruits and vegetables from Egypt except for potato, Russian veterinary and phytosanitary watchdog Rosselkhoznadzor said. “Parties reached an agreement following the meeting on resumption of fruits and vegetables supplies from Egypt to Russia, except for potato, provided that the Egyptian side meets all Russia’s requirements in…
Russia will not take part in an informal OPEC meeting in Algeria on Wednesday, Secretary General Mohammad Barkindo reported. “No, this is a consultative meeting of OPEC”, he said. “We have to wait, consultations continue right now,” he said when asked whether OPEC members could make a decision to freeze oil production at the meeting.…
According to preliminary data, in August Russia exported 3217.7 KMT of wheat, up by 7.7% YoY. Over two months of season 2016/2017 wheat exports from Russia increased by more than 10%, to 4771.9 KMT against 4324,2 KMT in July-August 2015/2016 MY. Turkey, Egypt and Bangladesh remained the main importers during this period. In August, Russia…