Kazakhstan’s largest oil producer Tengizchevroil (TCO) plans to produce first oil at Tengiz oilfield in 2022. Investments into the project expansion will amount to $36.8 billion, TCO said. The decision was made to finance the next phase of expanding production facilities of the Tengiz oilfield, the company reported. It will comprise the future expansion project…
One of the largest corporations in Japan, Mitsubishi Corporation, and NIKO Group have created a joint venture MMC Ukraine LLC (Kyiv) with 60% and 40% shares respectively. The company is a new Mitsubishi car distributor in Ukraine. MMC Ukraine has been a representative of Mitsubishi Motors Corporation in Ukraine and Moldova since May 10, 2016.…
In 2015/2016 MY, Ukraine broke a new record of grain exports, which totaled 39.415 million tons, an increase of 4.61 million tons compared with the previous season, or up by 13%, declared the Ministry of Agrarian Policy and Food of Ukraine. In particular, last season Ukraine exported 17.354 million tons of wheat, 17.396 million tons…
The share of Ukrainian soybeans in the general import structure of the oilseed to Turkey continues steadily increasing, declared the Foreign trade coordinator at Altinates Kimya A.S. During the first 4 months of 2016, Turkey imported 638 thousand tons of soybeans, including 172 thousand tons of soybeans from Ukraine (27%), said the expert. Also, Ertekin…
A multi-million dollar blueberry plantation and processing plant will soon be established in Georgia in a bid to counter Europe’s high demand of blueberries. And the increase in exports will offer a much-needed boost to the country’s economy, said Agriculture Minister Otar Danelia. The new blueberry plantation and processing plant would offer jobs to about…
The 2015/2016 season is almost complete. Summarizing the results of this season, UkrAgroConsult emphasizes record high exports from the key Black Sea countries (Ukraine, Russia, Kazakhstan). Since the beginning of the current season and till June grain exports from the Black Sea region set a new record of 76.6 MMT. UkrAgroConsult estimates that in June…
The capacity of the berry market in Ukraine is estimated at 190-200 thousand tons, or more than $250-300 million, while its annual growth rate is 2-4%, UkrAgroConsult CEO Serhiy Feofilov said. “The berry market of Ukraine is at the stage of formation. Investment has recently come here. Currently we are on the threshold of a…