Azerbaijani state oil company SOCAR has completed construction of a new tank farm on the company’s Black Sea oil terminal in Kulevi (Georgia), said the terminal’s message posted on its website. The project envisages construction of six tanks with a total capacity of 60 thousand cubic meters and a two-line railway overpass for simultaneous unloading…Details
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In May Russia exported 445.5 KMT of corn, up by 62% YoY. Since the beginning of the season corn exports from Russia have already exceeded 4 MMT compared to 2.39 MMT during October-May in season 2014/2015. Russia increased corn shipments to EU and Arab countries. Exports of Russian corn to Lebanon have already exceeded 300…Details
Russia’s independent oil and gas producers want to be granted access to pipeline mains, including to the Power of Siberia natural gas pipeline, Ivan Menshikov, the director general of Rosneftegaz (RNG) oil and gas company, said. “First of all, we need support from the state, construction of transport infrastructure, tax privileges we enjoy in Eastern…Details
Novatek completed the company’s first delivery of liquefied natural gas (LNG). The company has only been supplying pipeline gas before. Novatek’s trading arm Novatek Gas & Power completed delivery to Chile’s Quintero. The LNG lot was shipped from the plant in Trinidad and Tobago. “Delivery of the first lot is an important step for Novatek…Details
Ukraine: Rada writes off fines of heating and water companies for late payment for gas and electricity
The Verkhovna Rada has adopted law No. 2706 on writing off fines imposed on heating and water supply companies due to late payments for gas and electricity. Some 253 deputies voted for the law. The document also suggests the introduction of a moratorium on imposing new fines on heating and water supply companies in the…Details
National joint-stock company Naftogaz Ukrainy is discussing with the European Bank for Reconstruction and Development (EBRD) the possibility of expanding a credit line with the limit of $300 million raised at the end of 2015 from the bank to buy natural gas in Europe, Naftogaz Ukrainy commercial director Yuriy Vitrenko said. The current credit line…Details
Russia’s new anti-aircraft missiles defense systems Tor-M2U have arrived at a tank formation of the Eastern Military District, stationed in Buryatia republic, Siberia, the district press service reported. “The air defense missile systems have arrived in the republic after successful live-fire exercises at the Kapustin Yar range in the Astrakhan region”, the press service said.…Details