Issuing of bonds of Azerbaijan’s state oil company SOCAR within the country will make it possible to diversify the company’s portfolio, SOCAR vice-president for economic issues Suleyman Gasimov said. “Additional financing within the country creates an opportunity to attract funds on more favorable conditions. SOCAR will earn money from issuing these bonds, probably not directly,…Details
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Azerbaijan’s state oil company SOCAR will produce over 5,800 tons of oil annually through commissioning a new well at the offshore Oil Rocks field, SOCAR said in a message. Oil is extracted from a wellbore within the range of 1,617-1,612 meters, according to the message. SOCAR is implementing a program to stabilize and increase the…Details
Silk Way Helicopter Services (SWHS MMC) commercial helicopter company and Russian helicopter holding Russian Helicopters signed a letter of intent within the ADEX 2016 International Defense Exhibition on September 27. The document was signed by Director General of Silk Way Helicopter Services Azer Sultanov and Deputy Director General of JSC Russian Helicopters Igor Chechikov. According…Details
The hot dry summer in the Black Sea region is stirring concerns for the next winter wheat crop, as the European Commission warns on Russian prospects after a hot dry summer. While US wheat sowings are expected to fall sharply this year, in response to low prices, sowings in Russia are expected to boom, thanks…Details
Russian wheat exports haven’t lived up to expectations so far this season as falling prices made some growers reluctant to sell grain to traders amid a halt in purchases by Egypt, the world’s largest buyer. Outbound shipments in the three months since the campaign started in July would probably amount to 9 million metric tons,…Details
Russia will lift the ban on deliveries of all fruits and vegetables from Egypt except for potato, Russian veterinary and phytosanitary watchdog Rosselkhoznadzor said. “Parties reached an agreement following the meeting on resumption of fruits and vegetables supplies from Egypt to Russia, except for potato, provided that the Egyptian side meets all Russia’s requirements in…Details
Russia will not take part in an informal OPEC meeting in Algeria on Wednesday, Secretary General Mohammad Barkindo reported. “No, this is a consultative meeting of OPEC”, he said. “We have to wait, consultations continue right now,” he said when asked whether OPEC members could make a decision to freeze oil production at the meeting.…Details