The construction of the Trans Adriatic Pipeline (TAP), which is aimed at transporting Azerbaijani gas to Europe, is underway. TAP tweeted on September 28, that over 30 kilometers of steel pipes had already been strung along TAP’s route in Greece and Albania. TAP project envisages transportation of gas from the Stage 2 of development of…Details
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Ukraine’s State Property Fund (SPF) seeks to sell private joint-stock company President Hotel, 51% of shares in Zaporozhye Titanium and Magnesium Works and 50% in public joint-stock company Azovmash. This is outlined in the fund resolution No. 1763 dated September 23. In addition, the fund intends to sell almost 100% of shares in Ukrainian Bank…Details
Azerbaijan’s state oil company SOCAR has extended the term of a letter of guarantee on the tender to buy a 66% stake in the Greek national gas transmission system operator DESFA until October 31, SOCAR said in a message. The message says that as a part of his visit to Greece, SOCAR head Rovnag Abdullayev…Details
Azerbaijan’s state oil company SOCAR will additionally produce more than 6,200 tons of oil per year thanks to the commissioning of a new horizontal well at the Western Absheron field in the Caspian Sea, SOCAR said in a message. Oil is extracted from the well bore within the range of 761-678 meters at a flow…Details
Russia lifts ban on importation of fruit and vegetables from Egypt, except potatoes, from October 1, Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) reported. “Starting from October 1”, the Ministry announced. On September 22, Rosselkhoznadzor imposed temporary restrictions on imports of plant products from Egypt. “Due to continuing supplies of quarantineable products unsafe…Details
Russia is seeing good moisture levels for winter crop sowings said Andrey Sizov Jr of the influential Moscow-based analysis group SovEcon. This week the European Commission flagged “concern” about dry weather in parts of Russia, which could harm winter wheat prospects. But Sizov was upbeat about winter wheat prospects. “Things actually are looking quite well…Details
The government of Russia has officially made public the decision to zero down the export duties on wheat. The web-site of the government posted the corresponding resolution #966 dated September 26. According to the signed resolution, the zero rate for the export duty on grain has been set until July 1, 2018. The previous government…Details