Russia: 75 oil and gas fields found on Sakhalin

75 hydrocarbon fields were discovered on the Sakhalin Island, including 13 offshore ones. Almost all fields are located in the northeastern part of the island, the regional Ministry of Natural Resources said. “The majority of onshore oil and gas fields are at late development stages. Regional onshore oil production may be increased in the near…

Russia: grain export prices down

Russian export market was characterized by sufficient supply at the background of limited demand that determines trends of prices. Last week, downward trend in export prices was observed in the Russian grain market. In particular milling wheat price in deep-water ports decreased by $2-3 to $165-167/MT FOB under the pressure of global downward trends. The…

Kazakhstan: linseed exports doubled

2009 may be considered as the beginning of active linseed production in Kazakhstan. Since that time Kazakhstan has been increasing linseed exports meeting the consistently high demand for this crop, including from the main importer – the European Union. At present, despite some reduction in oilseeds acreage, Kazakhstan competes in the global market, remaining among…

Ukraine: H1 2016 mayonnaise output

In June Ukraine produced 8 KMT of mayonnaise against 9.5 KMT in the previous month and 11.2 KMT in June 2015. Thus, since the beginning of 2016 Ukrainian production of mayonnaise totaled 59.2 KMT, down by 1 KMT or by 1.7% YoY. If producers retain production volumes at the last year level it could be…

Russia: in July 2016 grain exports to fall

In July, Turkey reduced the import volumes of grains, including grains of Russian origin, but the fall of supplies was not caused by political tensions in the country, the Deputy Director of the strategic management department at Rusagrotrans CJSC, Igor Pavensky declared. According to him, Turkey continues purchasing grains on foreign markets, despite domestic instability…

Azerbaijan: AZAL and Ural Airlines agree on Gabala-Moscow code-share

Azerbaijan Airlines (AZAL) and Russian Ural Airlines will start operating joint flights on Gabala-Moscow-Gabala route from July 31. According to the code-share agreement, flights of Ural Airlines on this airline will be operated under the codes of both airlines. Direct flights on Gabala-Moscow-Gabala route will be operated every week on Sundays. Departure from Domodedovo International…

Russia to resume Burgas – Alexandroupolis oil pipeline project

Burgas-Alexandroupolis oil pipeline project may be resumed in case of difficulties with navigation through the Black Sea straits, Chief Executive Officer of the Russian pipeline operator Nikolai Tokarev said. “We have just recently received a formal notice of they support prospects of Burgas-Alexandroupolis oil pipeline project. They are against winding-up a management company created for…