Cancellation of the export duties on Russian wheat will positively impact the grain supplies on foreign markets and increase the volumes by 5 million tons – to 30 million tons per year. At the same time, last year the exports reached 25 million tons, the First Deputy Minister of Agriculture Jambulat Khatuov declared. The government…
Russian winery Abrau-Durso plans to aggressively extend its asset volume through purchases, CEO Pavel Titov said. “We plan to show a quite aggressive behavior on the market. We want to continue merger and acquisition deals”, Titov said. Earlier in August, Abrau-Durso bought bankrupt winery Russkaya Loza for 190.35 million rubles. Titov also said that the…
Yamal LNG liquefied natural gas plant project led by independent gas producer Novatek can receive a $400 million loan from the Japan Bank for International Cooperation (JBIC), Bloomberg reported citing JBIC CEO Tadashi Maeda. JBIC has almost finalized the agreement with the project and plans to sign a memorandum of understanding for strategic partnership with…
On August 29, Uralkali held its Extraordinary General Meeting of Shareholders (EGM) where following decision has been made. The EGM approved of interested-party major transaction (a number of interrelated transactions) – placement of the company’s exchange traded bonds in favor of JSC Uralkali-Technology with a total nominal value of $800 million and with a value…
Natural gas production in Ukraine in January through August grew by 1.6%, or 211.4 million cubic metersYoY, to 13.379 billion cubic meters. Gas production in August alone was 1.684 bcm, up by 0.1% YoY (1.682 bcm), PJSC Ukrtransgaz reported. In particular, PJSC Ukrgazvydobuvannia produced 1.212 bcm of gas, PJSC Ukrnafta’s output was 107.8 mcm, and…
According to Ukrainian office of statistics, as of August 1, stocks of grains and legumes were at 23.9 MMT, down by 2.5% YoY (24.5 MMT). Wheat stocks decreased by 5%, to 16.62 MMT against 17.54 MMT as of August, 1 2015. Barley stocks dropped by 5%, to 3.958 MMT. Corn stocks are 18% lower than…
Belarus’ petrochemicals plant Polimir considers the European Union a priority market for acrylic fiber export, a company official said. Polimir exports 80% of synthetic fiber and views the EU as a lucrative market, as acrylic fiber prices are high there. Besides, the manufacturer is geographically close to the EU, which reduces the delivery time after…