OPEC members will meet next week for talks on implementing an output cut deal, with Russia joining to discuss how producers from outside the group can participate in the plan, according to Venezuela’s oil minister. Ministers from OPEC members Saudi Arabia, Algeria, Gabon, Qatar and the United Arab Emirates will attend the meeting in Istanbul,…
Uralkali, one of the world’s largest potash producers, announces its production results for Q3 and the 9 months of 2016. Uralkali produced 2.8 million tons of potassium chloride (KCl) in the third quarter of 2016. The company produced 7.9 million tons of KCl in January-September 2016. Uralkali is one of the world’s largest potash producers…
Prime Minister of Ukraine Volodymyr Groysman believes that the capabilities of Ukraine are potentially among the best in Europe and in three or five years it will become a successful country. “I am deeply convinced that our capabilities are now among the best in Europe and possibly in the world. I believe the capabilities we…
Ukrainian bakery plants need 2.7 million tons of wheat flour per year. Each year the need in rye flour totals 320 thousand tons, the General Director and Chairman of the Board at the association Ukrhlibprom Alexander Vasilchenko declared. According to him, bread producers are concerned about decreasing of rye production in Ukraine, which results in…
Ukrainian President Petro Poroshenko said that the country’s gas consumption fell by 30%. “Now Ukraine is consuming 30% less gas thanks to the mechanisms implemented”, he told students of the Shevchenko National University. He said tariff increases in the country were linked to the fact that Ukraine had gotten rid of dependence on Russian gas.…
In the first half of 2016, the United States invested $710 million in Ukraine’s economy, the Ukrainian Economic Development and Trade Ministry reported on its Facebook page. “The United States is one of Ukraine’s most important partners, and relations between the countries become even stronger. The total trade turnover has come to $1.2 billion over…
In August Ukrainian barley exports grew by 17% YoY and equaled 1924 KMT against 1019.5 KMT. During the first two months of 2016/2017 (July-August) Ukrainian exporters shipped 2204 KMT of barley, which is an absolute record for the period. Traditionally in August Saudi Arabia lowered its purchases, importing 371 KMT against 523 KMT in the…