Kazakhstan’s largest oil producer Tengizchevroil (TCO) plans to produce first oil at Tengiz oilfield in 2022. Investments into the project expansion will amount to $36.8 billion, TCO said. The decision was made to finance the next phase of expanding production facilities of the Tengiz oilfield, the company reported. It will comprise the future expansion project…Details
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One of the largest corporations in Japan, Mitsubishi Corporation, and NIKO Group have created a joint venture MMC Ukraine LLC (Kyiv) with 60% and 40% shares respectively. The company is a new Mitsubishi car distributor in Ukraine. MMC Ukraine has been a representative of Mitsubishi Motors Corporation in Ukraine and Moldova since May 10, 2016.…Details
In 2016, the general grain harvest in Russia will reach 110 million tons, which will become the record index for the country, announced the deputy director of the strategic management department at Rusagrotrans Igor Pavensky. According to the expert, Rusagrotrans raised its estimations of the index from 108.1 million tons to 110 million tons. If…Details
In 2015/2016 MY, Ukraine broke a new record of grain exports, which totaled 39.415 million tons, an increase of 4.61 million tons compared with the previous season, or up by 13%, declared the Ministry of Agrarian Policy and Food of Ukraine. In particular, last season Ukraine exported 17.354 million tons of wheat, 17.396 million tons…Details
The share of Ukrainian soybeans in the general import structure of the oilseed to Turkey continues steadily increasing, declared the Foreign trade coordinator at Altinates Kimya A.S. During the first 4 months of 2016, Turkey imported 638 thousand tons of soybeans, including 172 thousand tons of soybeans from Ukraine (27%), said the expert. Also, Ertekin…Details
A multi-million dollar blueberry plantation and processing plant will soon be established in Georgia in a bid to counter Europe’s high demand of blueberries. And the increase in exports will offer a much-needed boost to the country’s economy, said Agriculture Minister Otar Danelia. The new blueberry plantation and processing plant would offer jobs to about…Details
According to the Sukhoi aircraft manufacturer, flight tests of Russia’s Sukhoi T-50 (PAK FA) fifth-generation fighter aircraft are at the final stage. “Prospective aviation complex of fifth generation (PAK FA) is at the final stage of its tests… More than 700 flights have been conducted. Which has allowed us to work out and prove sustainable…Details