The Belarusian Potash Company (BPC) says the global potash fertilizer market is gradually getting back to normal on reports about new contracts made with India and China. With new long-term deals signed with India and China, the pressure on spot markets has reduced and potash prices started growing steadily in H2 2016. For instance, potash…
In H1 2016, 5.4 billion cubic meters of gas and 1.3 million tons of condensate (nearly 10 million barrels) were produced at Azerbaijan’s Shah Deniz gas and condensate field, as compared to 5.2 billion cubic meters of gas and 1.2 million tons of condensate in the same period of 2015, said BP report on the…
Belarus’ expenditures on crude oil imports from Russia dropped by 24.8% YoY in January-June to $2.398 billion, Belstat said in an official report. In January-June Belarus purchased 11.522 million tons of Russian crude, up by 0.9% YoY, while expenditures on crude supplies from Russia decreased by $790.585 million. Belarusian oil refineries processed 23 million tons…
Belarus’ expenditures on natural gas imports from Russia dropped by 6.7% YoY in January-June to $1.257 billion, a source in the profile ministry reported. In H1 Belarus purchased 9.188 billion cubic meters of Russian gas, down by 2.8% YoY. Since early 2016 Belarus has repeatedly questioned whether the current price of Russian gas supplies is…
New contracts of Belarus’ leasing companies dropped 2.4 times YoY in January-June to Br270.7 million ($140.3 million) as of July 1. Belarus’ Association of Lease Providers posted these figures in its semiannual report. The total portfolio of lease contracts stood at Br2.367 billion ($1.227 billion) as of July 1, down by 3.5% since January 1.…
Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports dropped by 25.6% YoY in January-June to 107,600 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 42.4% YoY to $52.349 million. The expert attributes shrinking proceeds to the decline in fertilizer prices. Grodno…
Belarusian Potash Company (BPC) shipped 32,589 tons of potash fertilizers to Turkey in January-June, up by 12% YoY. Potash export proceeds from Turkey-bound shipments dropped by 9% YoY to $13.5 million. Founded in September 2013, Belarus Potash Company (BPC) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe,…