Kyrgyzstan: economic growth down

Kyrgyzstan’s economic growth has decreased since the beginning of the year, Deputy Director of the Central Treasury of the Ministry of Finance Marlen Amandykov said. According to preliminary data, there was a negative GDP growth of 2.3%, which was below last year’s level by 9.1 percent. Nominal GDP amounted to 176 billion soms. The decline…

Kazakhstan: KMG EP oil output down

Kazakh oil company KazMunaiGas Exploration Production (KMG EP) produced 6.08 million tons of oil in H1 of 2016 including its stakes in subsidiaries and joint ventures, up by 0.7% YoY. KMG EP’s subsidiary Ozenmunaigas (OMG) produced 2.78 million tons, up by 2%, KMG EP’s subsidiary Embamunaigas (EMG) produced 1.41 million tons, also up by 2%…

Kazakhstan: oil output to drop

Many oil producing companies working in Kazakhstan observed negative financial result in 2015, according to Vice Minister of Energy Asset Magauov. As per an analysis, 36 companies out of 61 had a negative financial result, he noted. As the Vice Minister noted, drill footage dropped from 2,500 running meters to 1,500 running meters in 2015.…

Uzbekistan: Bravo Pharma and IUT to establish mutually beneficial cooperation

The Indian company Bravo Pharma expressed the intention of cooperation with Inha University in Tashkent (IUT) in the introduction of innovative solutions in healthcare. On July 22, Bravo Pharma delegation headed by Director General Rakesh Pandey held talks with the heads of the university. During the meeting, Rakesh Pandey said about the company’s activities, including…

Ukraine: gas transit down

Transit of natural gas via Ukrainian gas transport system fell to 136 million cubic meters on July 26, and this is 30% less than average daily transit on July 1 through July 22 (around 190 million cubic meters a day), according to Ukrtransgaz’s data. Transit started falling on July 23 when it was 172 million…

Ukraine: Dutch firm to invest in shale gas field

A winner of the competition was selected to become investor for the implementation of the Agreement on the distribution of hydrocarbons extracted from the Yuzovsky field, the press service of the state-owned enterprise Nadra Ukrainy has reported, which is a stakeholder of Nadra Yuzovsky PLC, founded to implement the project of finding and mining under…

Ukraine to have enough gas for winter

CEO of the national oil and gas company Naftogaz Andrei Kobolev has pledged the country will have enough gas in the coming winter. “As of now, the country’s underground gas storage facilities hold about 10.3 billion cubic meters of gas. We plan to have about 14.5 billion cubic meter by the end of the season”,…

Russia: Syrian Air Force receives Su-24M2 bombers

Armed forces of the Syrian Arab Republic received the new Su-24M2 all-weather attack aircrafts from Russia. The upgraded Su-24M2 front-line bombers were transferred from presence of Aerospace Forces of the Russian Federation within rendering military and technical assistance to the Syrian Army in fight against the terrorist group “Islamic State”. According to unconfirmed information, Syria…

Russia: work of the Russian-Turkish commission on trade and economic cooperation resumed

Russia resumes activity of the joint intergovernmental Russian-Turkish commission on trade and economic cooperation. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree of the Government #706 dated July 22, the Ministry of Economic Development reported. The document provides for resumption of the negotiation process between Russia and Turkey on the…