Russia: Transneft halts oil supplies to Ukraine

Russian oil pipeline monopoly Transneft has received instructions of the Central Energy Customs to suspend oil product supplies to Ukraine, Igor Dyomin, advisor to the company’s president, said. “To ensure the Russian legislation in the sphere of export control we were asked to stop transportation of oil products to Ukraine”, he said. In early 2016…

Russia: Krasnodar Krai seaports export 11.8 million tons of grains in January-August 2016

In January-August the seaports of Krasnodar Krai (Yeysk, Kavkaz, Novorossiysk, Temryuk, Taman and Tuapse) exported 722 vessels with grain and its by-products, at the volume of 11.807 million tons, the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) declared. In the reporting period the seaports of Krasnodar Krai shipped grain cargoes to 54 countries. In…

Egypt: already shipped Russian wheat rejected

The private Egyptian grain trading company Medsofts plans to re-export 31 thousand tons of Russian wheat, after the Egyptian quarantine authorities rejected to unload the shipload contracted in July, due to detection of the ergot fungus traces. The wheat shipload arrived to the Egyptian port of Damietta in July, Medsofts was unable to get clearance…

Greece: SOCAR expecting compromise on DESFA deal

Azerbaijani state oil company SOCAR expects compromise proposals from the Greek government for the successful completion of the deal on acquisition of a stake in Greece’s gas transmission system operator DESFA, Director General of SOCAR Energy Greece Anar Mammadov reported. He said that the new rules for calculating tariffs for gas in Greece would have…

Turkey: SOCAR suspends cogeneration plant project

Azerbaijan’s state oil company SOCAR has suspended the project for construction of a cogeneration plant – Petkojen – in Turkey due to technical reasons, Anar Mammadov, head of Turkish petrochemical complex Petkim, reported. The plant was meant to provide Petkim and Star refinery with electricity as well as ensure the sale of electricity to Izmir’s…

Azerbaijan: state securities market up

The total turnover of exchange transactions on all instruments at the Baku Stock Exchange exceeded 2.94 billion manat in January-August, down 2.5 times YoY. The volume of the state securities market totaled 350.6 million manat (up 18.3 times), while the turnover of corporate securities market reached 75.21 million manat (down 22.2 times). The volume of…

Latvia: Stena Line opens Bordershop in Ventspils

Stena Line opens a new Bordershop in Ventspils. It is another step in Stena Line strategy to offer its customers value for money products. Bordershops, selling cheap alcohol products, is a very attractive concept for Swedish travelers and the aim is to increase the interest for them to visit Latvia. “Ventspils-Nynashamn is an important route…

Kyrgyzstan: sugar imports to drop

Import of sugar in Kyrgyzstan could be greatly reduced, the press service of the Kyrgyz Ministry of Economy reported. At least 183,200 tons of sugar beet have been harvested in Chui region in 2015. In 2016, this figure is to reach 450,000 tons. “The country does not meet the needs of the population. The share…

Kazakhstan: plant to repair Russian helicopters

An Aircraft Repair Plant No. 405 JSC has passed examination procedure by the Helicopters of Russia joint stock company and is currently recognized as an authorized aircraft repair enterprise in Kazakhstan, according to the Defense Ministry’s Press Service. In the course of the Army 2016 international military-technical forum in Russia, leadership of the Kazakhstan’s plant…

Russia: no short list of contenders for Rosneft yet

The Russian government has not made a short list of contenders in privatization of oil major Rosneft so far, Deputy Prime Minister Arkady Dvorkovich reported. “You know, there has been an order to consider all privatization issues additionally, there have been no shortlists so far”, Dvorkovich said. First Deputy Prime Minister Igor Shuvalov said earlier…