Over $68.2 billion has been invested in Azerbaijan’s oil and gas sector from 1995 till 2016 as part of the production sharing agreements, Rovnag Abdullayev, president of Azerbaijan’s state oil company SOCAR, said. “Currently, SOCAR successfully represents Azerbaijan in 17 production sharing agreements signed with 23 companies from 15 countries”, he said. At the same…
DetailsFinnish companies are eager to buy timber products via Belarusian Universal Commodity Exchange (BUCE), the BUCE press service reported. The possibility of such cooperation was discussed during the Belarus-Finland Economic Forum held in Gomel on September 13-14. Finnish businessmen were informed about BUCE’s key activities, the advantages of trading on the exchange, and also about…
DetailsCrews of the Caspian Flotilla ships and radiotechnical service held joint exercise on detecting surface and aerial targets, says press center of RF Defence Ministry. Podsolnukh, over-the-horizon radar, was operated during the exercise. Podsolnukh is capable of detecting naval surface and aerial targets at different altitudes within line-of-sight distance and beyond the horizon. Dagestan and…
DetailsThe Belarus-Russian joint venture Brestgazoapparat plans to start building a transport and logistics hub worth Br4.784 million ($2.446 million) in October and is currently seeking a general contractor for the project. The closing date for applications is September 30. Brestgazoapparat is to launch the new logistics hub in May 2018. Brestgazoapparat is a group of…
DetailsThe Belarusian industrial group Belorusneft has signed an engineering and advisory services contract with Oil India, the press service of the Belarusian company reported. Under the contract, Belorusneft will provide comprehensive technology-intensive services to rehabilitate the Digboi oil field, India’s oldest oil field. Industrial reserves of oil were discovered there back in 1889. As of…
DetailsBelarus’ investment potential was presented at the fifth China-Eurasia Expo in Urumqi, the capital city of China’s Xinjiang Uygur Autonomous Region. The opening ceremony of the expo was held on September 20. This year, Belarus participates in the expo as a guest of honor. This means that Belarusian exhibitors will enjoy the best locations and…
DetailsBelarus’ proceeds from exports of petroleum products to Poland grew 3.36 times YoY in January-July to $129 million, a source in the profile ministry reported. Belarus exported 367,216 tons of petroleum products to Poland in January-July, up 5.43 times YoY. Belarus exported 151,080 tons of petroleum products to Poland in 2015 (up 2.57 times YoY)…
DetailsEnergy systems of Belarus and Ukraine on October 1, are due to change over to the practice of keeping hourly records of electric power exchange, Belarus’ energy industries concern Belenergo said in a release. Energy authorities of Belarus and Ukraine earlier signed a corresponding agreement, Belenergo explained. In 2016 Belarus plans to import electric energy…
DetailsBelarus’ retail turnover, including the public catering sector, went down by 2.9% YoY in January-August to 23.715 billion Belarusian rubles ($12.146 billion) in comparable prices, an official with the National Statistics Committee (Belstat) reported. Trade organizations accounted for 85.2%, and individual entrepreneurs and newly formed unitary companies accounted for the rest (14.8%). The trade turnover…
DetailsThis year agro meteorological conditions were favorable for the formation of high corn crop in the major part of Belarus. Warm weather and sufficient soil moisture stocks were beneficial for vegetation mass increase, which progressed faster than last year. In the South-Eastern part of Belarus, where rainfall deficit was observed during the long period, lack…
DetailsThe direct flights can be established between Indonesia and Azerbaijan just like the ones, which are made between Indonesia and Turkey, Husnan Bey Fananie, Extraordinary and Plenipotentiary Ambassador of Indonesia to the Republic of Azerbaijan, said. Fananie made remarks at the meeting with a delegation of Caspian Energy headed by Natalya Aliyeva, president and editor-in-chief…
DetailsIn the first 10 days of September agrarian market was shocked with the information that Egypt would refuse imports of Ukrainian wheat. The news had evoked such a massive outcry that not only traders and analytical agencies were provoked to react, but official bodies as well. The news that Russia and Ukraine were enrolled on…
DetailsWinter crops sowing has begun in Ukraine. Agricultural enterprises plan to seed winter crops on 8098 thousand ha, including 7374 thousand ha with grain crops. Thus, sowing plans are very similar to last year’s in almost all parameters. The question, whether farmers will realize their intention, is open. UkrAgroConsult believes that one of the important…
DetailsOn September 12-18, Ukraine exported 596.1 thousand tons of grains from the seaports, against 819.7 thousand tons in the previous week.
In particular, wheat shipments reached 480.8 thousand tons, barley – 104.5 thousand tons, and corn – 10.8 thousand tons. (APK-Inform/Business World Magazine)
Productive precipitations were absent in the major part of the country. Only in Volyn, Ivano-Frankovsk and Lvov regions their quantity varied from 17% to 64% of the 10-day norm (3-16 mm), in Transcarpathia region – 159% (35 mm). As a consequence of high temperatures and lack of rains, conditions for soil moisture accumulation were close…
DetailsIn January-August the port of Vyborg handled 808,900 tons of cargo, down by 18% YoY, says the Baltic Sea Ports Administration. Transshipment of dry bulk cargo fell by 10% to 675,100 tons including 344,000 tons of mineral fertilizers (-19%) and 303,800 tons of coal and coke (+3%). Transshipment of dry loose cargo fell by 80%…
DetailsAs of September 16, Turkmenistan planted winter wheat throughout 316.3 thousand ha, or 42% of the planned areas, the Ministry of Agriculture of Turkmenistan declared. As a reminder, the country started the mass planting campaign of wheat on August 17. The general planned areas total 760 thousand ha. The forecast of wheat harvest volumes in…
DetailsThe Oil and Gas of Turkmenistan (OGT 2016) annual summit will be held on December 7-8, in Ashgabat with participation of the Turkmen Chamber of Commerce, according to an updated report, read a message from Turkmenistan’s Oil and Gas Complex. The event’s organizer is the UK Summit Trade Events. Turkmenistan ranks the second in CIS…
DetailsThe Russian Myasishchev M-55 high-altitude geophysical research aircraft completed European stratosphere studies. As part of the StratoClim project in which scientists from 26 European research institutes are participating, the Cochin University of Science and Technology (Cusat) Stratosphere & Troposphere (S &T) Radar Center, also known as the Advanced Center for Atmospheric Radar Research (ACARR) has…
DetailsIn January-August Vostochny Port JSC handled 15.8 million tons of cargo, up by 2.4% YoY. According to the stevedore’s statistics, coal exports in August totaled 2.24 million tons. From the beginning of 2016, the company handled 349 bulk carriers including 49 vessels loaded in August. Vostochny Port JSC (Primorsky Territory) is Russia’s largest publicly available…
DetailsRussia’s Energy Ministry favors stability in taxation of the oil and gas industry, Deputy Minister Kirill Molodtsov said. “In fact, the industry first of all needs stability. It is important for us to ensure the level of production in 2020, 2022, and 2027. In this sense, the energy strategy is already at the final stage…
DetailsRussia’s Federal Service for Veterinary and Phytosanitary Oversight has introduced a temporary ban on imports of vegetables and fruits of high phytosanitary risk from Egypt starting from September 16. The ban will be in effect until Egypt takes efficient measures to ensure phytosanitary safety of products supplied to Russia, the watchdog said. The regulator said…
DetailsSince the beginning of 2016/2017 MY, and as of September 14, the volume of grain exports from Russia totaled 7.453 million tons, down by 2.7% YoY (7.659 million tons), the Ministry of Agriculture of the Russian Federation declared. According to the announcement, the wheat volumes formed 6.316 million tons from the reporting export volumes, barley…
DetailsThe Southern Gas Corridor (SGC) will bring tens of billions of net profit to Azerbaijan in 2018-2019, President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said. “Shah Deniz 2 is one of our most promising projects. The development of the huge Shah Deniz field, which has around 1.2 trillion cubic meters of…
DetailsHead of the Turkish Calik Holding Ahmet Calik at a meeting with Turkmen President Gurbanguly Berdimuhamedov told about the process of construction of an international seaport in Turkmenbashi city, said the message of the Turkmen government. Calik received specific instructions of the Turkmen president in this regard, according to the message. The Turkish holding will…
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