As of September 15, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 38.5 million ha (on the same date in 2015 – 34 million ha), or 81.4% of the planned areas (47.3 million ha). The produced volumes reached 103.2 million tons of grains, with the average yield…Details
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In July 2015/2016 MY Russia exported 0.8 KMT of sunflower against 11.5 KMT in the previous month and 1.3 KMT in July 2015. Since the beginning of 2015/2016 (September-July) Russian exporters shipped 60.2 KMT of sunflower, up 1.5 times YoY. More than 50% of all exports were shipped to Turkey. Share of Iran and Azerbaijan…Details
Azerbaijan’s state oil company SOCAR and Malaysia’s Petronas signed a memorandum of understanding on exploration, development and production of hydrocarbons at a block in the prospective offshore structure Goshadash, SOCAR said in a message. The Goshadash structure is located in the North-Western part of the Absheron archipelago in the Azerbaijani sector of the Caspian Sea.…Details
Russian oil major Lukoil may invest approximately $7.5-8 billion in 2017 and around $100 billion over the next 10 years, the company’s president Vagit Alekperov said. “Investments of $8-10 billion per year are the level that allows us to fulfill our obligations – pay dividends in accordance with the company’s policy, taxes and decent wages…Details
French company Total may start drilling the first well at the Azerbaijani gas field Absheron in mid-2017, Rovnag Abdullayev, head of the Azerbaijani state oil company SOCAR, reported. He added that the drilling operations would be carried out from a new generation platform, being built by SOCAR. Abdullayev said the sides continued to actively work…Details
In January-August the production volumes of crude sunflower oil and its fractions in Russia totaled 2.4 million tons, up by 10.6% YoY, the Federal State Statistics Service (Rosstat) declared. At the same time, the production of wheat and wheat-rye flour decreased by 0.5%, to 5.7 million tons. (APK-Inform/Business World Magazine)Details
Ivana Duarte, new head of Baku office of the European Bank for Reconstruction and Development (EBRD), arrived in Baku to hold talks with Azerbaijani MPs, a source in the country’s government reported. According to the source, Duarte was appointed head of the bank’s Baku office in August. Duarte has been working in the EBRD since…Details