Turkey to further support Trans-Caspian route

Turkey will continue its support for the Trans-Caspian International Transport Route in order to keep it preferable for carriers, Ahmet Arslan, Turkey’s minister of transport, maritime affairs and communications, said. Arslan noted that transportation to the Central Asian countries through Azerbaijan grew substantially in 2015 as compared to previous years. About 8,000 trucks were sent…

Russia: Novatek gas output down in January-September 2016

Russian independent gas producer Novatek decreased its gas production by 0.3% YoY to 49.95 billion cubic meters in January-September, the company said in a statement.

The output of liquid hydrocarbons rose by 43.6% to 9.387 million tons. (Prime/Business World Magazine)

Russia: UEC delivers over 100 RD-33MK aircraft engines to India’s navy

More than 100 Russian-made RD-33MK turbojet engines have been delivered to India’s Navy, the press office of Russia’s United Engine Corporation (UEC) said. The engines were manufactured by the Chernyshev Machine-Building Enterprise, a subsidiary of the United Engine Corporation within Russia’s state hi-tech corporation Rostec. “The engines were delivered under a contract signed between Russia’s…

Russia: Rosneft to buy 19.5% in itself

Russian state-owned oil major Rosneft may buy 19.5% in itself during privatization, Vice President Mikhail Leontyev said. “The corporation is seriously studying the possibility of buying its shares from the owner, I mean the government”, he said. The practice of buying own shares is wide-spread. “This is some kind of paranoia which is taking place…

Azerbaijan: Poland joins TCITR

Poland’s rail operator PKP LHS has become a member of the Coordination Committee of the Trans-Caspian International Transport Route (TCITR), Azerbaijan Caspian Shipping CJSC reported. Another meeting of the Coordination Committee was held in Astana. “The creation of a union of legal entities of the Coordination Committee, the signing of the agreement on the establishment…

Azerbaijan: passenger traffic through TRACECA sector up in January-August 2016

The Transport Corridor Europe-Caucasus-Asia (TRACECA) transported some 229.5 million passengers through Azerbaijan’s territory in January-August 2016, up by 2.2 percent% YoY, Azerbaijan’s State Statistics Committee reported. Meanwhile, some 33.24 million tons of cargo were transported via the TRACECA through Azerbaijan’s territory during the reporting period, down by 6.6% YoY. Some 64.1% (21.3 million tons) of…

Russia: new targeting system to double range of Pantsir air defense system

The upgraded Pantsir-SM combined surface-to-air missile and anti-aircraft artillery weapon system, equipped with a multifunctional targeting system, will be able to destroy targets 40 kilometers away – twice the range of the current configuration, the first deputy CEO, chief designer of the Instrument Design Bureau KBP in Tula (an affiliate of Rostec) Alexander Khomyakov reported.…

Russia: naval aviation of the Black Sea Fleet receives new Su-30SM fighter

The separate naval aviation regiment of the Black Sea Fleet has received the ninth Su-30SM fighter.

The fighter’s crew has passed a training course in the Yeysk training center and has already started performing combat training tasks.

The regiment is to receive another aircraft this year. (Russian Aviation/Business World Magazine)

Azerbaijan: Islamic microfinance fund to be created

The Islamic fund on microfinance might be created in Azerbaijan, a source on the country’s finance market reported. The source said that the issue was being discussed by Azerbaijan’s microfinance organizations. “The discussions are still at a very early stage, but if market participants agree and adopt a certain decision, then international financial organizations can…

Azerbaijan: Mahan Air to launch flights to Baku

Iranian Mahan Air airline will launch regular flights on Tehran-Baku-Tehran route from October 31, press service of Heydar Aliyev International Airport reported. Azerbaijan State Civil Aviation Administration issued the relevant permission after receiving a request from the airline to perform flights three times a week. Flights are scheduled three times a week on Tuesdays, Wednesdays…

Indonesia to buy Russian-made helicopters

Jakarta plans to purchase Russian-made helicopters in order to use them in the province of West Java in particular, Indonesia’s ambassador to Russia Wahid Supriyadi said. “We would like to purchase helicopters from Russia. There are many islands in West Java, so the helicopters are in great demand there”, the ambassador said at a meeting…