Oil production of Bashneft in the first half of 2016 increased by 10.9% YoY, to 10.58 million tons, the company said in a statement. “During the six months of 2016, Bashneft produced 10.58 million tons of oil, which is 10.9% more than during the same period in 2015. Bashneft-Polyus boosted production by 76.3% YoY (to…
In the Azov Sea basin grain freight rates continue to grow. At the same time, their growth potential was somewhat limited by events in Turkey and concerns about safety of merchant shipping in the region, which caused some pause in trade. However, Russian sources inform that later Turkish importers resumed buying grain, despite the instability…
Missile troops of the Eastern Military District from the Primorsky Territory, Russia’s Far East, have carried out the first electronic launches from the Iskander-M tactical ballistic missile systems in a tactical exercise at the Kapustin Yar range in the Astrakhan region, southern Russia, the Eastern Military District spokesman Colonel Alexander Gordeyev said. “The electronic launches…
As of July 21, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 8.1 million ha (on the same date in 2015 – 6.7 million ha), or 16.2% of the planned areas (47.3 million ha). The produced volumes reached 32.7 million tons of grains, with the average yield of…
The Russian Helicopters aircraft maker is planning to create after-sales service centers in the countries of both Southeast Asia and Latin America, the company’s deputy CEO for sales, Grigory Kozlov said. “We are discussing the issues aimed at creation of new centers of after-sales support in the Latin American and Southeast Asian countries”, Kozlov said…
Isolate company, based in Israel, received the government permission for construction of soybean crushing plant in Lipetsk industrial zone. 3.3 billion RUR are going to be invested in this plant, which should be launched in 2018. The peculiarity of this plant is the fact that not only soybean oil and feed components are going to…
A flurry of construction is underway that could help Russia’s faltering MiG aircraft manufacturer. But a lingering question remains: who is purchasing the expected 46 new MiG-29M fighter jets? There has been no official confirmation about who has signed the jet deal for a contract that has been estimated to be worth $2 billion. Hints…