Naftogaz Ukrainy has calculated that Russian gas giant Gazprom’s annual payment for gas transit through Ukraine can grow by $4 billion if the Stockholm Arbitration Court favors Kiev, Yury Vitrenko, Naftogaz Ukrainy’s commercial director, said. “The problem is that Gazprom will have to pay us tens of billions of dollars in compensation, sell gas at…Details
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There is a plan to build a new berth on the Adzhalyk estuary near the port of Yuzhny. The berth would service a Delta Wilmar plant owned by Singapore’s Wilmar International and Delta Exports. The Singaporean investor intends to expand the production facilities. To operate effectively, an own berth is needed. Under the best scenario,…Details
Saudi Arabia intends to import Kazakhstani grain in case of cost-efficient logistics, Batyr Batyrshayev, Kazakhstan’s Extraordinary and Plenipotentiary Ambassador to Saudi Arabia and concurrently to the Kingdom of Bahrain, said. Saudi Arabia annually spends about $22 billion on food imports. The kingdom is interested in Kazakhstani grain due to its high quality. However, high transport…Details
Flour production in Kazakhstan continued expanding in September. The country produced roughly 331 KMT of cereal flour, up by 4.4% YoY and by 12.3% MoM. In total Kazakh millers have managed to increase flour production in the country by 14.7% in 2016. As much as 2.93 MMT of flour was produced in Kazakhstan in this…Details
Kazakhstan will continue the process of diversification of the planted areas of agricultural crops: wheat areas will reduce by 2.3 million ha (from 12.4 million ha in 2016, to 10.1 million ha in 2021), the Deputy Prime Minister of the Republic of Kazakhstan, Minister of Agriculture Askar Myrzahmetov declared. Agrarians will plant barley, oats, corn,…Details
In September strong public interest was aroused by the Cabinet’s decision to cancel state regulation of prices and mark-ups for socially sensitive goods. This pilot project started on October 1, for a three-month period until the beginning of 2017. The project is aimed at proving the expediency of Ukraine’s current price regulation under which price…Details
In 2016 Kazakhstan produced one of the record harvests of grain crops in the history of the country’s independence, including 17.9 million tons of wheat and 3.3 million tons of barley, the Deputy Prime Minister of the Republic of Kazakhstan, Minister of Agriculture Askar Myrzahmetov declared. According to the announcement, in the current year Kazakhstan…Details