Russia: oil joint venture granted subsoil license for the Tsentralnaya structure in the Caspian Sea

The Tsentralnoye oil, gas and gas condensate field was discovered in 2008 following the Tsentralnaya-1 prospecting drilling. According to the National Register, the field’s C1+2 recoverable reserves are estimated at 135 million tons of reference fuel (liquid hydrocarbons approximately 70%). LLC Neftegazovaya Kompaniya Tsentralnaya (Central Oil and Gas Company), a joint venture of PJSC LUKOIL,…

Russia: RHH signs contract with Indonesia

Russian Helicopters Holding signed several contracts on the delivery of components to Southeastern Asia, the company informed. In particular, it concerns contract with Indonesia, Thailand, etc. Russian Helicopters is a subsidiary of Oboronprom included into Russian Technologies. It provides control over Moscow M. Mil’s Helicopter Plant, Kamov, Ulan Udinsky Aviation Plant, Kazansky Helicopter Plant, Rostvertol,…

Russia: mass production of Korsar surveillance UAVs to start in 2017

Serial production of the Russian Korsar (Corsair) surveillance unmanned aerial vehicles (UAVs) will start in 2017, a manufacturing firm United Instrument Manufacturing Corporation (UIMC) spokesperson reported. “Russia’s newest tactical surveillance UAVs of the Korsar tactical family will go into production in 2017”, the spokesperson said. The spokesperson added that in the long term the Korsar…

Russia: Transneft halts oil supplies to Ukraine

Russian oil pipeline monopoly Transneft has received instructions of the Central Energy Customs to suspend oil product supplies to Ukraine, Igor Dyomin, advisor to the company’s president, said. “To ensure the Russian legislation in the sphere of export control we were asked to stop transportation of oil products to Ukraine”, he said. In early 2016…

Russia: Krasnodar Krai seaports export 11.8 million tons of grains in January-August 2016

In January-August the seaports of Krasnodar Krai (Yeysk, Kavkaz, Novorossiysk, Temryuk, Taman and Tuapse) exported 722 vessels with grain and its by-products, at the volume of 11.807 million tons, the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) declared. In the reporting period the seaports of Krasnodar Krai shipped grain cargoes to 54 countries. In…

Egypt: already shipped Russian wheat rejected

The private Egyptian grain trading company Medsofts plans to re-export 31 thousand tons of Russian wheat, after the Egyptian quarantine authorities rejected to unload the shipload contracted in July, due to detection of the ergot fungus traces. The wheat shipload arrived to the Egyptian port of Damietta in July, Medsofts was unable to get clearance…

Greece: SOCAR expecting compromise on DESFA deal

Azerbaijani state oil company SOCAR expects compromise proposals from the Greek government for the successful completion of the deal on acquisition of a stake in Greece’s gas transmission system operator DESFA, Director General of SOCAR Energy Greece Anar Mammadov reported. He said that the new rules for calculating tariffs for gas in Greece would have…

Turkey: SOCAR suspends cogeneration plant project

Azerbaijan’s state oil company SOCAR has suspended the project for construction of a cogeneration plant – Petkojen – in Turkey due to technical reasons, Anar Mammadov, head of Turkish petrochemical complex Petkim, reported. The plant was meant to provide Petkim and Star refinery with electricity as well as ensure the sale of electricity to Izmir’s…

Azerbaijan: state securities market up

The total turnover of exchange transactions on all instruments at the Baku Stock Exchange exceeded 2.94 billion manat in January-August, down 2.5 times YoY. The volume of the state securities market totaled 350.6 million manat (up 18.3 times), while the turnover of corporate securities market reached 75.21 million manat (down 22.2 times). The volume of…