Ukraine: gas stocks down in December 2016

Natural gas stocks in Ukraine’s underground storage facilities since the beginning of the 2016/2017 heating season started on October 13 and as of December 3, narrowed by 1.324 million cubic meters, or by 9%, to 13.408 billion cubic meters. According to public joint-stock company Ukrtransgaz, on December 3, Ukraine pumped 55.64 million cubic meters from…

Turkmenistan and Iran mull energy co-operation

Turkmenistan’s Foreign Minister Rashid Meredov held talks with the Iranian Deputy Foreign Minister for Asia-Pacific Affairs Ebrahim Rahimpour, the Turkmen ministry said. The parties exchanged views on cooperation in energy, transportation and trade. They mentioned substantial potential for expanding and diversifying trade turnover between the two countries. A number of major economic projects in energy…

Turkmenistan: large gas refinery being built

Construction of a large refinery that will produce gasoline from natural gas continues at a fast pace in Ovadan-Depe town in Ahal province of Turkmenistan. The construction of the refinery started in 2015. The project’s customer is the country’s Turkmengas State Concern. The project’s contractors are Japan’s Kawasaki Heavy Industries Ltd and the Turkish Ronesans…

Ukraine: ADM modernizes oil-extraction plant in Odessa region

ADM company has completed modernization of an oil-extraction plant located in Chernomorsk (Odessa region), the press-service of the company reported. ADM almost doubled the processing capacities for sunflower seed and launched the line for rapeseed processing. According to the announcement, the upgraded capacities will allow more efficiently operating in Eastern Europe, and meet all foodstuff…

Ukraine: 18.4 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 18.4 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared, referring to the State Fiscal Service. In particular, wheat exports totaled 10.1 million tons, corn – 4.5 million tons, and barley – nearly 4 million tons. Also, flour export volumes reached 134.2…

Belarus: Amkodor and Saleo to build 3 plants in 2017

Minsk-based OAO Amkodor and Belarus’ Saleo Group plan to build three new plants in 2017 and implement other projects with a total investment portfolio of $500 million, Igor Kayuda, Amkodor’s Director for Innovations and Investments, reported. Chinese credits will account for 80% of project investments. As previously reported, Amkodor and Saleo Group signed three contracts…

Ukraine: rapeseed exports to shrink

Ukraine exported 137.1 KMT of rapeseed in October against 322.7 KMT in September and 167 KMT in October 2015. In total 693.6 KMT of rapeseed was supplied to foreign markets in July-October 2016/2017, i. e. down by 502.1 KMT (42%) YoY (1195.7 KMT). Roughly 80% of 2016/2017 export rapeseed availabilities (880 KMT) were shipped abroad…

Estonia: e-residents establish over 1,000 companies

During the first two years of its e-residency project, which provides foreigners with the opportunity to register companies in Estonia and use other e-state services, Estonia already has 15,000 e-residents who have established more than 1,000 businesses. The President of Estonia stressed the importance of the program in introducing Estonia to the world. According to…

Ukraine: effect of additional trade preferences for product exports to the EU to reach $100-150 million

The effect for Ukraine from additional trade preferences, the draft regulation of was presented in September, in terms of product exports to the European Union will reach nearly $100-150 million, the Deputy Minister of Economic Development and Trade of Ukraine – Trade Representative of Ukraine Nataliya Mykolska declared. According to her, it is not the…