Belarus’ chemical company OAO Grodno Azot has earmarked $9.6 million in the upgrade of air separation facilities at the methanol plant, a source in the profile ministry reported. The total value of the upgrade project is estimated at $42.4 million, including $9.6 million of own resources and $32.8 million worth of credits. The company plans…
In January-June Belarus exported 2.25 million tons of oil products to Ukraine, up by 64% YoY, a source in the relevant ministry reported. Belarus’ proceeds from exports of petroleum products to Ukraine grew by only 4% YoY, to $823.4 million, due to the global decline in oil prices. Belarusian petroleum products are shipped to Ukraine…
Azneft production association of Azerbaijan’s state oil company SOCAR plans to drill 11 new wells by the year end at the Gunashli and Chilov offshore fields, said a SOCAR message posted on its website. SOCAR plans to drill seven wells at shallow-water part of the Gunashli field and four wells at the Chilov field, which…
National air carriers of Azerbaijan and Turkey are satisfied with the level of the current cooperation and intend to further expand it, said the Vice President of Azerbaijan Airlines CJSC (AZAL) Eldar Hajiyev. AZAL and Turkish Airlines have been carrying out flights under a code-sharing agreement for two years, said Hajiyev. “This allowed for further…
At least 50,000 tons of Tash-Kumyr coal valued at 137.5 million soms will be purchased for Bishkek HPP, Electric Stations JSC reported. The company announced another tender for the purchase of fuel. The previous tender was canceled due to the fact that the committee members had questions as to coal caloric value. The procuring entity…
In January-June foreign investors injected $4.7 billion into the Belarusian economy, the National Statistics Committee informed. The primary investors were economic operators of Russia (50.2% of the investment), the UK (20.5%) and Cyprus (7.5%). Foreign direct investments amounted to $3.9 billion. In H1 2016 Belarusian economic operators (except for banks) transferred Br2 billion in investments…
The Deposit Guarantee Fund as part of the pre-sale preparations proposed to investors to appraise a pool of credits issued by Delta Bank being under liquidation secured by vegetable oil handling assets on the territory of Illichivsk port. According to a posting on the fund’s website, claims to 14 credits issued by Delta Bank worth…