Ukraine: Dutch firm to invest in shale gas field

A winner of the competition was selected to become investor for the implementation of the Agreement on the distribution of hydrocarbons extracted from the Yuzovsky field, the press service of the state-owned enterprise Nadra Ukrainy has reported, which is a stakeholder of Nadra Yuzovsky PLC, founded to implement the project of finding and mining under…

Ukraine to have enough gas for winter

CEO of the national oil and gas company Naftogaz Andrei Kobolev has pledged the country will have enough gas in the coming winter. “As of now, the country’s underground gas storage facilities hold about 10.3 billion cubic meters of gas. We plan to have about 14.5 billion cubic meter by the end of the season”,…

Russia: Syrian Air Force receives Su-24M2 bombers

Armed forces of the Syrian Arab Republic received the new Su-24M2 all-weather attack aircrafts from Russia. The upgraded Su-24M2 front-line bombers were transferred from presence of Aerospace Forces of the Russian Federation within rendering military and technical assistance to the Syrian Army in fight against the terrorist group “Islamic State”. According to unconfirmed information, Syria…

Russia: work of the Russian-Turkish commission on trade and economic cooperation resumed

Russia resumes activity of the joint intergovernmental Russian-Turkish commission on trade and economic cooperation. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree of the Government #706 dated July 22, the Ministry of Economic Development reported. The document provides for resumption of the negotiation process between Russia and Turkey on the…

Russia: Rosneft redeems $1 billion Eurobonds

Rosneft Finance S.A. (a subsidiary of Russian state-owned oil company Rosneft) has redeemed second series Eurobonds worth $1 billion, the company said in a statement. The Eurobonds were issued by the former TNK-BP group in 2006, with a maturity term of 10 years and the coupon rate of 7.5% per annum. “Maximization of profit at…

Moldova expecting higher sunflower crop

After the high results of 2015, Moldavian farmers decreased sunflower sowing area for the new harvest of 2016/2017, but not because of the lowering interest in this crop. The reason for the lower area was essential increase in sowing material prices after high crop losses in 2015/2016, which also preconditioned the necessity to import expensive…

Kazakhstan: oilseed stocks down

As of July 1, oilseed stocks totaled 260.5 KMT, down by 61.3 KMT YoY (321.8 KMT). Thus, availability of sunflower seeds grew by 10.7 KMT to 104.1 KMT. Soybean stocks were only slightly lower – 30.8 KMT against 31.9 KMT, and rapeseed stocks were two times as low – 28.9 KMT against 60.1 KMT last…

Russia to increase grain export volumes

In several following months, Russia will continue increasing the export shipments of grains, which will reach their peak in August-September period, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky announced on July 26. Due to the course of harvesting campaign, the export volumes of grains will continue growing, and in…

Russia: CTSP H1 2016 operating results

In the first half of 2016 JSC “Container terminal Saint-Petersburg” (CTSP, member of UCL Holding) handled 288,2 thousand TEU, exceeding the last-year result by 66,5%, says CTSP. Import volume increased by 53,5% YoY, to 130,3k TEU, including 29,4k TEU of laden reefer containers. Export volume increased by 79%, compared to the same period last year,…