Over $68.2 billion has been invested in Azerbaijan’s oil and gas sector from 1995 till 2016 as part of the production sharing agreements, Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, said. “Currently, SOCAR successfully represents Azerbaijan in 17 production sharing agreements signed with 23 companies from 15 countries”, he said. At the same…Details
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Finnish companies are eager to buy timber products via Belarusian Universal Commodity Exchange (BUCE), the BUCE press service reported. The possibility of such cooperation was discussed during the Belarus-Finland Economic Forum held in Gomel on September 13-14. Finnish businessmen were informed about BUCE’s key activities, the advantages of trading on the exchange, and also about…Details
Crews of the Caspian Flotilla ships and radiotechnical service held joint exercise on detecting surface and aerial targets, says press center of RF Defence Ministry. Podsolnukh, over-the-horizon radar, was operated during the exercise. Podsolnukh is capable of detecting naval surface and aerial targets at different altitudes within line-of-sight distance and beyond the horizon. Dagestan and…Details
The Belarus-Russian joint venture Brestgazoapparat plans to start building a transport and logistics hub worth Br4.784 million ($2.446 million) in October and is currently seeking a general contractor for the project. The closing date for applications is September 30. Brestgazoapparat is to launch the new logistics hub in May 2018. Brestgazoapparat is a group of…Details
The Belarusian industrial group Belorusneft has signed an engineering and advisory services contract with Oil India, the press service of the Belarusian company reported. Under the contract, Belorusneft will provide comprehensive technology-intensive services to rehabilitate the Digboi oil field, India’s oldest oil field. Industrial reserves of oil were discovered there back in 1889. As of…Details
Belarus’ investment potential was presented at the fifth China-Eurasia Expo in Urumqi, the capital city of China’s Xinjiang Uygur Autonomous Region. The opening ceremony of the expo was held on September 20. This year, Belarus participates in the expo as a guest of honor. This means that Belarusian exhibitors will enjoy the best locations and…Details
Belarus’ proceeds from exports of petroleum products to Poland grew 3.36 times YoY in January-July to $129 million, a source in the profile ministry reported. Belarus exported 367,216 tons of petroleum products to Poland in January-July, up 5.43 times YoY. Belarus exported 151,080 tons of petroleum products to Poland in 2015 (up 2.57 times YoY)…Details