Russia: High-Voltage Transformers to deliver transformers to ZapSybNeftekhim

The joint venture of Power Machines and Toshiba will deliver transformer equipment for a 500 kV substation of ZapSybNeftekhim, a fuel and petrochemical refinery under construction in Tobolsk (part of SIBUR Holding PJSC) – Russia’s most ambitious petrochemical project. Power Machines – Toshiba. High-Voltage Transformers (PMTT), a Russian company established in 2011, with operational assets…

Azerbaijan: GCCA to help expand agribusiness potential

The Global Cold Chain Alliance (GCCA) is prepared to help Azerbaijan expand the potential of agribusiness and make Azerbaijani agricultural products reach domestic and foreign markets, GCCA Vice President of International Programs Richard Tracy said. Tracy said he was impressed by some enterprises in Azerbaijan, adding that they fully met international standards, however, some businesses…

Russia: Ferryboat Baltijsk to resume operations at Ust-Luga-Baltijsk line in September 2016

Ferryboat Baltijsk is planned to be returned to Ust-Luga-Baltijsk line in September, Andrei Moshkov, Deputy Director General of Rosmorport’s North-West Basin Branch referring to ferryboat operator Trans-Exim Ltd., said. Andrei Moshkov says the ferryboat’s engine is under repair. Ust-Luga – Baltijsk line was earlier serviced by three ferryboats: Baltijsk and Peterburg operated by Trans-Exim Ltd.…

Russia: ACRA sees GDP up over next 5 years

Russia’s recession is not over yet and the gross domestic product (GDP) growth will be limited to 1-1.5% over next five years even if oil prices are high, the Analytical Credit Rating Agency (ACRA) said in a revised economic forecast until 2020. “The social and economic statistics for January-July shows that the recession is not…

Ukraine: Antonov halts production due to broken ties with Russia

Ukrainian aircraft producer Antonov has suspended jet production due to halted cooperation with Russia, Andrei Khaustov, deputy director of the company’s department for advanced development, said. After relations with Russia worsened due to the conflict in Southeastern Ukraine Antonov decided to break production ties with Russian companies and switched to import substitution of components. “Now,…

Ukraine: corn yields up

As of September 7, grains and pulses had been harvested from 9885 thousand ha (69% of the intended area) compared with 10419 thousand ha on September 7, 2015. Farmers obtained 38.525 MMT with average yields at 3.9 MT/ha (on the same date in 2015 – 37.404 MMT with the average productivity of 3.59 MT/ha). Buckwheat…

Ukraine: electricity exports at $109.5 million in January-August 2016

In January-August Ukraine exported $109.49 million worth of electricity, in particular $11.122 million in August. According to the State Fiscal Service, electricity delivered to Hungary amounted to $82.897 million, $26.238 million to Poland, $347,000 to Moldova and $7,000 to other countries. In January-August Ukraine imported $2.759 million worth of power from Russia and $46,000 from…

Ukraine: Ukroboronprom prepared to transfer 3 Mi-24PU-1 modernized helicopters to army

The state-run enterprise Konotop Aircraft Repair Plant Aviakon (Sumy region), part of Ukroboronprom Concern, has modernized three attack helicopters Mi-24PU-1 for the Armed Forces of Ukraine. The helicopters are ready to be handed over to the Land Forces, the concern’s press service reported. During Mi-24PU-1 development special attention was paid to attack helicopters’ security enhancing.…

Russia: oil joint venture granted subsoil license for the Tsentralnaya structure in the Caspian Sea

The Tsentralnoye oil, gas and gas condensate field was discovered in 2008 following the Tsentralnaya-1 prospecting drilling. According to the National Register, the field’s C1+2 recoverable reserves are estimated at 135 million tons of reference fuel (liquid hydrocarbons approximately 70%). LLC Neftegazovaya Kompaniya Tsentralnaya (Central Oil and Gas Company), a joint venture of PJSC LUKOIL,…