Slovakia’s Nafta with facilities able to store 2.74 billion cubic meters of natural gas and developing gas fields near the border with Ukraine has acquired 50% of the Uzhgorod gas field for 1.5 million euro from U.S. Cub Energy Inc. with assets in Ukraine. Cub Energy said in a report that Nafta International B.V. (the…
In the season-2016/2017 the production of sunflower oil in Ukraine will increase to 5.36 million tons, against 4.78 million tons in the previous year, due to significant increasing of sunflower seed production in the country. As a result, the key country-exporter of sunflower oil in the world will increase its shipments by 0.55 million tons…
The agreement on a free trade area between Ukraine and Canada since the moment of taking force after its ratification by parliaments of the two countries will reduce imports duties for 98% of Ukrainian imported goods and for 72% of Canadian exports to nil, Ukraine’s Economic Development and Trade Ministry reported. “Imports duties on agricultural…
Representatives of National Nuclear Generating Company Energoatom have discussed a possibility of cooperation in infrastructure and engineering projects with Spain’s IDOM Ingenieria, the company’s press service reported. The press service said that special attention was paid to IDOM projects implemented in the nuclear and energy sector: stress tests at all Spanish nuclear power plants (NPPs),…
Britain’s Dowty Propellers will supply propeller systems for the engine of new multipurpose An-132D aircraft built at the facilities of Antonov State Enterprise (Kyiv), part of Ukroboronprom State Concern, under a contract with Saudi Arabia. Information about the signing of the agreement between Dowty Propellers and Antonov to supply two R-408 six-blade propeller systems for…
The beginning of the season 2016/2017 was marked by export prices reduction to six-year minimum. Only during the first week of the new season prices for all grain crops lost on average $7, and they are also down by $40 compared with the beginning of last season. In fact, price reduction is typical for a…
Ukraine should reduce energy consumption by 5% every year, European Commissioner for Neighborhood Policy and Enlargement Johannes Hahn said. “Energy efficiency is one of the key goals of our joint initiatives”, he said. “Our goal is to improve energy efficiency by 5% every year”, Hahn said. He said that Ukraine should focus on energy efficiency…