Azerbaijan: SOCAR to diversify its financial channels

Azerbaijan’s state oil company SOCAR intends to diversify its financial channels, the company’s president Rovnag Abdullayev reported. He made the remarks during the presentation of SOCAR bonds for Azerbaijani citizens. Abdullayev pointed out that SOCAR was implementing a new strategy to strengthen its positions at the international level. Eurobonds have been issued successfully, he said,…

Russia: to restore air travel with Egypt by 2017

Russia hopes to restore air travel with Egypt by the end of 2016, Deputy Foreign Minister Mikhail Bogdanov, special presidential representative for the Middle East and Africa, reported. “We hope. The sooner the better”, he said, adding that Moscow must be sure that Egypt had done everything to ensure safety of Russian tourists. Moscow suspended…

Russia: sunflower exports up in July 2016

In July 2015/2016 MY Russia exported 0.8 KMT of sunflower against 11.5 KMT in the previous month and 1.3 KMT in July 2015. Since the beginning of 2015/2016 (September-July) Russian exporters shipped 60.2 KMT of sunflower, up 1.5 times YoY. More than 50% of all exports were shipped to Turkey. Share of Iran and Azerbaijan…

Russia: Lukoil to invest $7.5-8 billion in 2017

Russian oil major Lukoil may invest approximately $7.5-8 billion in 2017 and around $100 billion over the next 10 years, the company’s president Vagit Alekperov said. “Investments of $8-10 billion per year are the level that allows us to fulfill our obligations – pay dividends in accordance with the company’s policy, taxes and decent wages…

Russia: wheat flour production down

In January-August the production volumes of crude sunflower oil and its fractions in Russia totaled 2.4 million tons, up by 10.6% YoY, the Federal State Statistics Service (Rosstat) declared.

At the same time, the production of wheat and wheat-rye flour decreased by 0.5%, to 5.7 million tons. (APK-Inform/Business World Magazine)

Ukraine: farmers called to export lentil to India

Indian Ambassador to Ukraine Manoj Kumar Bharti has called on Ukrainian farmers to export lentil to India. “In 2015, Canada exported 500,000 tons of lentil to India. If Canada can export lentil, why doesn’t Ukraine export it?” he said at a roundtable in the Ukrainian parliament in Kyiv. “India’s population is mainly vegetarians, and lentil…

Azerbaijan: EBRD’s support important

A delegation of the European Bank for Reconstruction and Development (EBRD), headed by Bruno Balvanera, director for the South Caucasus, Moldova and Belarus, arrived in Baku. Balvanera introduced Ivana Duarte, the new head of the bank’s Baku office, to the Azerbaijani government. The EBRD delegation was received by Shahin Mustafayev, Azerbaijani economy minister, as part…

Azerbaijan: China to get a stake in OGPC

Chinese companies may become owners of up to 50% in the Oil and Gas Processing and Petrochemical Complex (OGPC) in Azerbaijan, head of the country’s state oil company SOCAR Rovnag Abdullayev said. He said that the work on this issue was underway. “As you know, SOCAR and China National Petroleum Corporation (CNPC) signed a memorandum…

Azerbaijan the most important country in Caucasus and region

Ambassador Extraordinary and Plenipotentiary of the United States of Mexico to the Republic of Azerbaijan Rodrigo Labardini has received Caspian Energy’s delegation headed by President and Editor-in-Chief of the Caspian Energy International Media Group Natalya Aliyeva. During the meeting the sides discussed possibilities of expansion of contacts on the informational level within the Caspian European…