Total E&P Russie, a 100% affiliate of Total group, has transferred a 20% participating interest in and the operatorship of the Production Sharing Agreement for the Development and Production of Oil in the Kharyaga Field to Zarubezhneft-Production Kharyaga LLC, a subsidiary of Zarubezhneft JSC. Pursuant to Amendment No. 3 to the Kharyaga PSA signed by…
As of July 1, oilseed stocks at Russian enterprises were 675 KMT, up by 268 KMT, or by 66% YoY (407 KMT). Sunflower seed stocks are 100% higher than last year. Thus, there were 389 KMT of sunflower seed against 184 KMT in 2015. (UkrAgroConsult/Business World Magazine)
Since the beginning of 2016/2017 MY, and as of July 27, the volume of grain exports from Russia totaled 1.71 million tons, up by 7.4% YoY (1.6 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 1.24 million tons from the reporting export volumes, barley…
The Aviadarts flight skills competitions among combat planes held in Russia will expand beyond the country’s borders in 2018, Russia’s Aerospace Forces Commander Col. Gen. Viktor Bondarev said. International air forces competitions Aviadarts-2016 kicked off on July 31, in the city of Ryazan. Pilot teams from Russia, China, Belarus and Kazakhstan were partaking in the…
Russia’s cabinet of ministers has submitted the agreement on extension of trade and economic ties with Jordan to the State Duma (lower house of parliament) for ratification as the text of the document has been posted in the Duma’s electronic database. The agreement was inked by representatives of the two countries’ governments on November 18,…
The Ministry of Agriculture of Russia proposes to cancel the customs duties on wheat exports in 2016/2017 MY, the Minister of Agriculture Alexander Tkachev said. Last week the Ministry’s press-service reported that the Ministry of Agriculture would prepare formal recommendations to the government on the reporting issue. (APK-Inform/Business World Magazine)
Russia-Chinese project on grain processing is expected to be launched in Tatarstan with investments of 15 billion RUR. An industrial park “Saosyan-Volga” is going to be constructed at the area of 100 ha with annual processing capacity of 300 KMT. 200 types of food products (including unique ones: grain protein as a substitute to soybean…