BP and the Azerbaijani state oil company SOCAR are discussing the plans on oil production at the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields for 2017, Bakhtiyar Aslanbayli, BP vice president for communications, external affairs, strategy and region, reported. The annual production plan has not been approved yet and it is difficult to talk…
Azerbaijan will start accepting applications from investors wishing to work in its free trade zone (FTZ) in March 2017, Eugene Seah, chief operating officer of the Baku International Sea Trade Port, said. Preparation is now underway in the run-up to the start of accepting applications from companies interested to operate in the FTZ. Azerbaijan’s President…
According to the information of the State Statistics Service, Ukraine’s reserves of grains and pulses totaled 27.11 MMT as of November 1, down by 12% YoY (31.71 MMT). Wheat stocks decreased by 16% to 12.13 MMT against 14.44 MMT as of November 1, 2015. Corn stocks shrank by 18% to 10.54 MMT, as harvesting in…
The Republic of Belarus has become the latest member of IMO, following the deposit of an instrument of acceptance of the Convention on the International Maritime Organization with the Secretary-General of the United Nations on November 29, says IMO. With the acceptance of the Convention by Belarus, the number of IMO Member States stands at…
Azerbaijan’s Energy Minister Natig Aliyev could participate in OPEC’s December 9 meeting with non-OPEC countries, Energy Ministry has said in a message. Aliyev will take part in the meeting in case a relevant invitation is received and it is decided that participation is expedient. “I believe the meeting will determine volume of production cut by…
In 2015/2016, corn exports from Ukraine were down by 11.4% YoY, at 16.76 MMT. The corn harvest decrease was the main factor that slashed deliveries to all the key destinations except for the EU – on the contrary, Ukraine managed to boost exports to Europe by 44.4% to 8484 KMT. The situation may change in…
The Cabinet of Ministers passed a resolution permitting to make up export parcels from grain of different grades at elevators. First Deputy Economy Minister Maxim Nefedov says a weird regulation is in effect in Ukraine: when you are exporting grain of different grades, they must be kept separately according to the Ukrainian quality standards while…