Russia: Total and Zarubezhneft close the deal to transfer a 20% participating interest and Kharyaga PSA operatorship

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…

Russia: sunflower stocks up

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)

Russia: Ministry of Agriculture proposes to cancel the export duties on wheat

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)

Ukraine: strong interest in port grain handling persists

Grain market participants are strongly interested in developing grain handling facilities in large ports and building their own logistic chains. From this viewpoint, Ukrainian grain handling segment is considered to be the most investment attractive and promising for investing. Three new grain-handling terminals were put into operation in Ukrainian seaports last season, which resulted in…

Ukraine: corn conditions

Last week weather was hot and rains were minor falling locally in the Eastern and Northern regions. Average daily air temperature ranged from +18.3C to 25.2C and was 2.9-5.7C higher than norm. Light rains varied from 5 to 16.6 mm, with the norm of 21-23 mm for this period. Such conditions were unfavorable for the…

India: Airbus MRTT aircraft deal called off

The Indian government has cancelled the much awaited multi-role tanker transport (MRTT) aircraft deal worth $1 billion on the grounds of planes’ high operational cost. “We have recently cancelled the MRTT deal with Airbus Defence and Space because platforms are too expensive and not economically viable to operate”, a MoD official who declined to be…

Russia: grain export supplies from seaports doubled

On July 25-31, export volumes of grains from the Russian sea ports reached 583.8 thousand tons against 308.1 thousand tons shipped in the previous week.

In particular, the wheat shipments totaled 527.2 thousand tons, barley – 33.3 thousand tons, and peas – 23.3 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: preliminary testing of new two-axle dump truck complete

The KrAZ-5401‘2 4×2 dump tuck created in late February has undergone a complete cycle of manufacturer’s tests. Laboratory and on-the-road tests have been carried out in compliance with program using high precision test equipment. Ride tests took place on certified road sections of Ukraine. Results of preliminary (manufacturer’s) tests confirmed compliance of vehicle with requirements.…

Ukraine: 4G technology tested

Intelltelecom (the Giraffe trademark) jointly with Ericsson and Huawei on July 29, first tested LTE TDD 4G technology in the 2,300 MHz range in Ukraine. The company said in a press release that the highest speed of radio interface, voice and video calls and online high resolution video were tested at several terminals at once.…

Tajikistan: president gets acquainted with achievements of the country’s animal husbandry

President Emomali Rahmon attended an exhibition of achievements of Tajik livestock breeders that took place in the Varzob district. According to the Tajik president’s official website, the exhibition was organized for the purpose of promoting food safety. Known livestock breeders and beekeepers from Dushanbe, Tursunzoda, Hisor, Roudaki, Varzob, Shahrinav, Ayni and Kuhistoni Mastchoh have put…

Ukraine: market closed for 243 Russian companies operating in occupied territories of Donbass

The Security Service of Ukraine (SBU) has suspended foreign economic activities of 243 Russian companies that have been cooperating with commercial structures in the temporary occupied territories in Donbass, eastern Ukraine, the SBU press center reported. “During the checks, the special service officers found out that most of these Russian companies also legally cooperated with…