Ukraine: seaports grain exports up in late November 2016

On November 26 – December 2, Ukraine exported 922.5 thousand tons of grains from the seaports, against 836.3 thousand tons on the previous week.

In particular, wheat shipments reached 403.9 thousand tons, corn – 456.4 thousand tons, and barley – 62.2 thousand tons. (APK-Inform/Business World Magazine)

Armenia: Fitch rates Yerevan “B+”

Fitch Ratings has assigned Armenian capital city of Yerevan Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of “B+” and a Short-Term Foreign Currency IDR of “B”. The Outlooks on the Long-Term IDRs are Stable. The ratings reflect Yerevan’s status as Armenia’s capital, satisfactory budgetary performance, supported by steady transfers from the central government,…


Azerbaijan and Pakistan mulling joint production

Azerbaijan is ready to create necessary working conditions for Pakistani companies in the country, Shahin Mustafayev, Azerbaijani minister of economy, said. “Pakistani companies show interest in activity in such fields in Azerbaijan as industry, production of agricultural equipment, accumulators, as well as pharmaceutics”, the minister said. He added that pharmaceutics was of special interest for…


Ukraine: gas stocks down in December 2016

Natural gas stocks in Ukraine’s underground storage facilities since the beginning of the 2016/2017 heating season started on October 13 and as of December 3, narrowed by 1.324 million cubic meters, or by 9%, to 13.408 billion cubic meters. According to public joint-stock company Ukrtransgaz, on December 3, Ukraine pumped 55.64 million cubic meters from…


Turkmenistan and Iran mull energy co-operation

Turkmenistan’s Foreign Minister Rashid Meredov held talks with the Iranian Deputy Foreign Minister for Asia-Pacific Affairs Ebrahim Rahimpour, the Turkmen ministry said. The parties exchanged views on cooperation in energy, transportation and trade. They mentioned substantial potential for expanding and diversifying trade turnover between the two countries. A number of major economic projects in energy…


Ukraine: ADM modernizes oil-extraction plant in Odessa region

ADM company has completed modernization of an oil-extraction plant located in Chernomorsk (Odessa region), the press-service of the company reported. ADM almost doubled the processing capacities for sunflower seed and launched the line for rapeseed processing. According to the announcement, the upgraded capacities will allow more efficiently operating in Eastern Europe, and meet all foodstuff…


Ukraine: Kobolyev meets US government delegation at Naftogaz

The representatives of the US government confirmed their unchanged interest to continue energy cooperation with Ukraine. At the meeting, the parties discussed further steps for reforming Ukraine’s energy sector and maintaining conditions for secure gas transit to Europe via Ukraine. Andriy Kobolyev, CEO of Naftogaz, and Oleg Prokhorenko, CEO of Ukrgazvydobuvannya, have met with Amos…