Ukraine: Naftogaz asking EC to set up mission to monitor gas transit due to pressure drops by Russia

The National Joint-Stock Company Naftogaz Ukrainy has turned to the European Commission asking it to consider setting up a transit monitoring mission to examine significant pressure drops in the Russian gas transmission system at the entry to Ukraine’s gas transportation system. “Naftogaz believes that the current situation requires comprehensive discussion involving representatives of the European…

Ukraine: government approves of 1.21 billion UAH project for upgrading another section of Urengoy-Pomary-Uzhgorod gas pipeline

Ukraine’s Cabinet of Ministers has approved of the project on modernization and overhaul of the section 3,364.5-3,391.2 km of the Urengoy-Pomary-Uzhgorod gas pipeline. The corresponding decision is outlined in the Cabinet resolution No. 523-r dated July 22. The total cost of repairs of the section 26.7 km long was approved at 1.21 billion UAH, in…

Ukraine: gas transit down

Transit of natural gas via Ukrainian gas transport system fell to 136 million cubic meters on July 26, and this is 30% less than average daily transit on July 1 through July 22 (around 190 million cubic meters a day), according to Ukrtransgaz’s data. Transit started falling on July 23 when it was 172 million…

Ukraine: Dutch firm to invest in shale gas field

A winner of the competition was selected to become investor for the implementation of the Agreement on the distribution of hydrocarbons extracted from the Yuzovsky field, the press service of the state-owned enterprise Nadra Ukrainy has reported, which is a stakeholder of Nadra Yuzovsky PLC, founded to implement the project of finding and mining under…

Ukraine to have enough gas for winter

CEO of the national oil and gas company Naftogaz Andrei Kobolev has pledged the country will have enough gas in the coming winter. “As of now, the country’s underground gas storage facilities hold about 10.3 billion cubic meters of gas. We plan to have about 14.5 billion cubic meter by the end of the season”,…

Ukraine: flour production down in H1 2016

In January-June Ukrainian flour milling enterprises produced 888 thousand tons of flour, down by 7% YoY, the State Statistics Service of Ukraine declared. At the same time, the production volumes in June totaled 132 thousand tons, up by 0.7% MoM and down by 14.6% YoY. In January-June the production volumes of crude sunflower oil in…

Ukraine: NBU assets up H1 2016

The Statement of Financial Position of the central bank suggest that in January-June the National Bank of Ukraine’s assets increased slightly by 24.8 billion UAH, or by 3% YoY, to 874 billion UAH. “On the asset side of the balance sheet, the largest increase was recorded for item “Ukraine’s International Reserves” (foreign securities, SDR holdings,…

Ukraine: wheat qualitative indices to go up

The ratio between milling wheat and feed wheat in the grain production structure for the harvest-2016 in Ukraine is estimated at 55% and 45% respectively, which exceeds the similar indices of 2015, the State Enterprise State Research and Information Center for Monitoring International Commodity Markets (Derzhzovnishinform) declared. According to market operators, in 2015 the ratio…

Ukraine: fish catch up in H1 2016

The State Fishing Agency reports a rise in fish catch in Ukrainian water basins (inland water basins and seas) in January through June by 19.4% YoY, to 22,900 tons. The agency said in a press release that total fish catch in the Azov and Black seas grew by almost 20.5%, to 16,000 tons, including a…

Ukraine interested in Chinese investments

Ukraine is interested in strengthening cooperation with China, particularly in attracting Chinese investment and broad access of the Ukrainian goods and technologies to the Chinese market. Deputy Prime Minister, Minister of Regional Development, Construction and Housing Hennady Zubko said this during a meeting with Ambassador Extraordinary and Plenipotentiary of China to Ukraine Du Wei, the…

Ukraine: 68.4% of rapeseed harvested

By July 21, Ukrainian farmers had threshed 312.0 thousand ha of rapeseed, which was 68.4% of the plan (456 thousand ha). 805 KMT was harvested with average productivity of 2.58 MT/ha. Despite the fact that harvesting progress is behind the last year`s pace, productivity is higher. By the same date in 2015 nearly 414 thousand…