Azerbaijan and Pakistan mulling joint production

Azerbaijan is ready to create necessary working conditions for Pakistani companies in the country, Shahin Mustafayev, Azerbaijani minister of economy, said. “Pakistani companies show interest in activity in such fields in Azerbaijan as industry, production of agricultural equipment, accumulators, as well as pharmaceutics”, the minister said. He added that pharmaceutics was of special interest for…

Ukraine: gas stocks down in December 2016

Natural gas stocks in Ukraine’s underground storage facilities since the beginning of the 2016/2017 heating season started on October 13 and as of December 3, narrowed by 1.324 million cubic meters, or by 9%, to 13.408 billion cubic meters. According to public joint-stock company Ukrtransgaz, on December 3, Ukraine pumped 55.64 million cubic meters from…

Turkmenistan and Iran mull energy co-operation

Turkmenistan’s Foreign Minister Rashid Meredov held talks with the Iranian Deputy Foreign Minister for Asia-Pacific Affairs Ebrahim Rahimpour, the Turkmen ministry said. The parties exchanged views on cooperation in energy, transportation and trade. They mentioned substantial potential for expanding and diversifying trade turnover between the two countries. A number of major economic projects in energy…

Turkmenistan: large gas refinery being built

Construction of a large refinery that will produce gasoline from natural gas continues at a fast pace in Ovadan-Depe town in Ahal province of Turkmenistan. The construction of the refinery started in 2015. The project’s customer is the country’s Turkmengas State Concern. The project’s contractors are Japan’s Kawasaki Heavy Industries Ltd and the Turkish Ronesans…

Ukraine: ADM modernizes oil-extraction plant in Odessa region

ADM company has completed modernization of an oil-extraction plant located in Chernomorsk (Odessa region), the press-service of the company reported. ADM almost doubled the processing capacities for sunflower seed and launched the line for rapeseed processing. According to the announcement, the upgraded capacities will allow more efficiently operating in Eastern Europe, and meet all foodstuff…

Ukraine: 18.4 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 18.4 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared, referring to the State Fiscal Service. In particular, wheat exports totaled 10.1 million tons, corn – 4.5 million tons, and barley – nearly 4 million tons. Also, flour export volumes reached 134.2…

Belarus: Amkodor and Saleo to build 3 plants in 2017

Minsk-based OAO Amkodor and Belarus’ Saleo Group plan to build three new plants in 2017 and implement other projects with a total investment portfolio of $500 million, Igor Kayuda, Amkodor’s Director for Innovations and Investments, reported. Chinese credits will account for 80% of project investments. As previously reported, Amkodor and Saleo Group signed three contracts…