Construction of a power line of 500 kilovolts is under consideration for ensuring the electricity supply from Turkmenistan to Pakistan. The route of the new electricity grid will run in parallel to the route of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. Moreover, work is underway on constructing Mary – Sarakhs – Mashhad (Turkmenistan-Iran) overhead power transmission line…
Russia’s state-owned Rosneftegaz, which holds the government’s stake in oil major Rosneft, has applied to the Economic Development Ministry with a proposal not to change a tax burden on the oil industry over the next three years. This is not a proposal to suspend an oil tax maneuver. Rosneftegaz seeks that stabilization of the tax…
On September 5-11, Passenger Port of Saint Petersburg received 8 cruise ships with 8961 passengers. The total berth time of the ships is 16 ship-days, total amount of passenger operations – 66011. Services provided to ships: fresh water bunkering – 2093 cubic meters, garbage collection – 90 cubic meters, waste-waters reception – 700 cubic meters.…
OPEC has raised the forecast for Russia’s 2016 daily oil output by 20,000 barrels and now expects the daily output to grow by 140,000 barrels to 10.99 million barrels, OPEC said in its monthly oil market report. OPEC also kept its forecast for Russia’s daily oil output in 2017 unchanged at 10.94 barrels. In August,…
On September 9, Okskaya Shipyard (part of UCL Holding) launched the Penai, tugboat of Project TG-17 being built to the order of Rosmorrechflot’s Marine Rescue Service, the shipyard says in a press release. The vessel is intended for towing of vessels and floating facilities in marine conditions; participation in oil spill response operations as an…
International rating agency Moody’s expects the Russian economy to rise by 1.5% in 2017 after a 1% fall in 2016, the agency said in a statement. In July, the agency expected Russia’s gross domestic product (GDP) to fall by 1.5% in 2016 and to rise by 0.5-1.5% in 2017. Moody’s also expects the asset quality…
The international rating agency Fitch Ratings has affirmed Kazakhstan-based JSC KazTransOil’s (KTO) Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook, the rating agency reported. “The ratings reflect KTO’s strong operational and financial profile, which we expect the company to maintain at least over the medium term, as well as its…