Azerbaijan: car plant groundbreaking ceremony held

A groundbreaking ceremony for construction of a joint Azerbaijani-Iranian car plant was held on August 6, in Azerbaijan’s Neftchala industrial quarter. The plant is a joint project of Azerbaijan’s AzEuroCar LLC and Iran’s giant automaker Iran Khodro. Azerbaijan’s Economy Minister Shahin Mustafayev and Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh participated in…

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Belarus: BelOil redirecting export flows

Belarus Petroleum Company (BelOil) has redirected part of its export routes from Ukrainian ports to Lithuania’s Klaipeda, a source in the profile ministry said. The redirection is connected with more favorable logistic conditions. Belarus Petroleum Company (BelOil) was founded in May 2007. The main shareholder is Belorusneft (52% of shares), with Naftan and Mozyr refineries…

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Belarus: China-Europe container transportation up in H1 2016

In January-June Belarusian Railways increased the volume of container transportation in the Chinese direction 2.5 times YoY, Alexander Yevsyuk, First Deputy Head of the Freight Operations and Foreign Economic Operations Service of Belarusian Railways, reported. “The Chinese direction is the most promising transit one. We participate in the implementation of the Chinese initiative aimed at…

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