Kazakhstan is expected to be the second largest source of non-OPEC supply growth after Brazil in 2017, OPEC said in its monthly oil market report published on November 11. Kazakhstan’s oil production forecast was revised up by 10,000 barrels per day (bpd) compared to the previous report published in October. According to the new report,…
Iranian Ports and Shipping Organization officials during a visit to Baku discussed prospects of bilateral cooperation with their Azerbaijani counterparts. The Iranian delegation was led by Managing Director of Ports and Maritime Organization Jabar Jalilian, while the Azerbaijani side was represented by Rauf Valiyev, the chairman of Azerbaijan Caspian Shipping Company. The sides discussed cooperation…
Sunseed exports totaled 2.9 KMT in September against 1.8 KMT in August and 1.4 KMT in September 2015. The downward trend in sunseed export deliveries was broken in the previous season of 2015/2016. In the new season of 2016/2017 Ukraine is expected to get a bumper harvest of sunseed, realize its export potential and ship…
In 2017 Kernel plans to use its processing capacities to full extent and increase sunflower seed crush to 3 MMT. Record sunflower crop in Ukraine will increase availability of additional raw material on the market, which has higher profitability compared to other crops. Sunflower crop in Ukraine will reach record 14 MMT and processing will…
Donald Trump’s victory in the US presidential elections denotes that a new era is underway both in world economy and world policy, Levente Kozma, the former Hungarian senior foreign policy advisor, reported. In his victory speech, Trump promised to create major infrastructural projects, as well as several million new jobs, according to Kozma. Kozma added…
The markets of South-East Asia is a strategic direction for the exports of Ukrainian agricultural products, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration Olga Trofimtseva declared. To date, Asian countries take a significant share in the regional exports structure of Ukrainian agricultural products – more than 45% (nearly $5…
SOCAR Turkey Enerji A.S., a subsidiary of Azerbaijan’s state oil company SOCAR, wants to create a chemical industrial park, Hayati Ozturk, chief advisor of SOCAR Turkey Enerji A.S., said. Ozturk said that creation of a chemical industrial park was an innovation for Turkey. He noted that the demand for chemical products was increasing in Turkey…