Turkey is ready to produce low-orbit (LEO) and gestational (GEO) satellites for Azerbaijan, as soon as the operating time of Azersky and Azerspace-1 spacecrafts expires, the Minister of Transport, Maritime and Communications of Turkey Ahmet Arslan said. Arslan said that as a part of state-owned Turkish Aerospace Industry (TAI) there was a center of testing…Details
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The Southern Gas Corridor is an excellent example of a new source of energy for Europe, Vice-President of EU Commission in charge of Energy Union Maros Sefcovic said. The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of 10 billion cubic meters of Azerbaijani gas from…Details
S7 Group, the new owner of the Sea Launch floating spaceport, intends to carry out 10-12 launches in the first five years after the resumption of the spaceport’s work, CEO of S7 Space Transport Systems Sergei Sopov reported. S7 Space Transport Systems is the operator of the Sea Launch spaceport. “About 10-12 launches, if we…Details
Russian independent gas producer Novatek decreased its gas production by 0.3% YoY to 49.95 billion cubic meters in January-September, the company said in a statement. The output of liquid hydrocarbons rose by 43.6% to 9.387 million tons. (Prime/Business World Magazine)Details
The Russian government will factor in continuing sanctions against the country in the 2017-2019 budget draft, Prime Minister Dmitry Medvedev said. “While writing up the draft we base, as we have repeatedly discussed, on a cautious estimate of the economic situation on global markets, a conservative estimate. In particular, due to a quite low trend…Details
The Russian company Modern Aviation Technologies (KB SAT) plans to begin production of the new SR-10 single-engine light aerobatic jet trainer aircraft in 2017. “Production of the first aircraft is scheduled for the end of 2017. According to the plans of the Ministry of Defense of the Russian Federation in 2018-2019 a pilot batch of…Details
Moscow sees the forthcoming negotiations with OPEC during an energy summit in Istanbul as an important step to an oil production cut agreement and expects that it will be reached before a November meeting of OPEC, Russian Energy Minister Alexander Novak reported. “In Istanbul, we initially planned to hold consultations with the countries present there.…Details