Kazakhstan’s huge oil field Kashagan was officially presented on December 7, Kazakh Energy Ministry said. Kazakh President Nursultan Nazarbayev took part in the event. Oil production at Kashagan was launched in autumn and reached commercial level of 75,000 barrels per day on November 1. Currently work is carried out in order to increase the level…
JSC National Company Food Contract Corporation announced the increase of the purchasing prices for 3- and 4-grade wheat Triticum aestivum L., the company’s press-service reported. In particular, the prices for 3-grade wheat, purchased to the commercial resources of the company, increased from 41`500-50`000 KZT/ton to 49`000-58`000 KZT/ton for VAT taxpayers (depending on the qualitative indicator),…
Kazakh wheat exports continued expanding in October. Kazakhstan exported 452.8 KMT of wheat in the second month of the season, up by 40% YoY. In the first two months of 2016/2017, Kazakhstan exported 38.7% more wheat YoY (808 KMT), which is a three-year high. The share of Kazakh wheat’s key export destinations – Uzbekistan, Tajikistan,…
In 2016/2017 MY the export potential of Ukrainian feed corn totals nearly 18 million tons, up by 9% YoY. At the same time, in October Ukraine exported over 1.35 million tons of corn, which became the absolute record for the reporting month. But due to the record global production of corn, as well as rather…
As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has announced a procurement tender for designing and constructing the Estonian side of the project. “The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without…
Air temperatures dropped and winter crops stopped growing in Bulgaria from November 21-30. In West Bulgaria air temperature fell to 10-13 degrees C below zero. Owing to a 10-15-cm layer of snow, which covered this part of the country, late-sown winter cereals (sown in the latter half of November) at early development stages were protected…
In November Belarus’ gold and foreign exchange reserves rose by $21.2 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,838.0 million as of December 1, the Information and PR Department of the National Bank of the Republic of Belarus reported. In national terms the…