Belarus’ expenditures on natural gas imports from Russia dropped by 6.7% YoY in January-June to $1.257 billion, a source in the profile ministry reported. In H1 Belarus purchased 9.188 billion cubic meters of Russian gas, down by 2.8% YoY. Since early 2016 Belarus has repeatedly questioned whether the current price of Russian gas supplies is…
New contracts of Belarus’ leasing companies dropped 2.4 times YoY in January-June to Br270.7 million ($140.3 million) as of July 1. Belarus’ Association of Lease Providers posted these figures in its semiannual report. The total portfolio of lease contracts stood at Br2.367 billion ($1.227 billion) as of July 1, down by 3.5% since January 1.…
Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports dropped by 25.6% YoY in January-June to 107,600 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 42.4% YoY to $52.349 million. The expert attributes shrinking proceeds to the decline in fertilizer prices. Grodno…
Belarusian Potash Company (BPC) shipped 32,589 tons of potash fertilizers to Turkey in January-June, up by 12% YoY. Potash export proceeds from Turkey-bound shipments dropped by 9% YoY to $13.5 million. Founded in September 2013, Belarus Potash Company (BPC) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe,…
The 4th session of the Azerbaijan-Bulgaria Intergovernmental Commission on Trade and Economic, Scientific and Technical Cooperation is planned to be held in September in Baku. An exchange of views on strengthening cooperation between the two countries, as well as on the implementation of joint projects will be held during the session. A key aspect of…
Joint stock company Ahangarancement received licenses to use subsoils. According to the company, Comission of the Cabinet of Ministers of Uzbekistan on issuing licenses to use subsoil, containing industrial minerals issued the license to Ahangarancement. In particular, the company received the right to use subsoils to mine limestone at Urgazskom field and andesite at the…
Some 404.1 million tons of oil and 123 billion cubic meters of associated gas have been produced at the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea since November 1997, First Vice President of the Azerbaijan’s state oil company SOCAR Khoshbakht Yusifzade said. He said that the…