In July 2015/2016 MY Russia exported 0.8 KMT of sunflower against 11.5 KMT in the previous month and 1.3 KMT in July 2015. Since the beginning of 2015/2016 (September-July) Russian exporters shipped 60.2 KMT of sunflower, up 1.5 times YoY. More than 50% of all exports were shipped to Turkey. Share of Iran and Azerbaijan…
DetailsAzerbaijan’s state oil company SOCAR and Malaysia’s Petronas signed a memorandum of understanding on exploration, development and production of hydrocarbons at a block in the prospective offshore structure Goshadash, SOCAR said in a message. The Goshadash structure is located in the North-Western part of the Absheron archipelago in the Azerbaijani sector of the Caspian Sea.…
DetailsRussian oil major Lukoil may invest approximately $7.5-8 billion in 2017 and around $100 billion over the next 10 years, the company’s president Vagit Alekperov said. “Investments of $8-10 billion per year are the level that allows us to fulfill our obligations – pay dividends in accordance with the company’s policy, taxes and decent wages…
DetailsFrench company Total may start drilling the first well at the Azerbaijani gas field Absheron in mid-2017, Rovnag Abdullayev, head of the Azerbaijani state oil company SOCAR, reported. He added that the drilling operations would be carried out from a new generation platform, being built by SOCAR. Abdullayev said the sides continued to actively work…
DetailsIn January-August the production volumes of crude sunflower oil and its fractions in Russia totaled 2.4 million tons, up by 10.6% YoY, the Federal State Statistics Service (Rosstat) declared.
At the same time, the production of wheat and wheat-rye flour decreased by 0.5%, to 5.7 million tons. (APK-Inform/Business World Magazine)
Ivana Duarte, new head of Baku office of the European Bank for Reconstruction and Development (EBRD), arrived in Baku to hold talks with Azerbaijani MPs, a source in the country’s government reported. According to the source, Duarte was appointed head of the bank’s Baku office in August. Duarte has been working in the EBRD since…
DetailsElmir Habibullayev has been elected the new chairman of the Supervisory Board of Subsidiary of the International Bank of Azerbaijan (IBA) in Russia, IBA-Moscow, the Center for Disclosure of Corporate Information reported. In addition, by the decision of the parent bank (IBA), Farid Hashimov has been elected a member of the Supervisory Board of the…
DetailsKazakhstan has exported 992,700 tons of grain and flour in grain equivalent in the current marketing year (2016-2017), the Ministry of Agriculture informs on its website. A marketing year starts on July 1 and lasts till June 30 of the next year. Thus, since July 1, Kazakhstan has shipped 544,100 tons of grain and 341,000…
DetailsAs of September 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 4.83 million tons (up by 1.8 million tons MoM), the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported. In particular, peasant and farming households stored 529.8 thousand tons of grains. Wheat formed the major…
DetailsIranian companies will be able to use the Pirallahi Industrial Park, which will specialize in pharmacy, Azerbaijan’s Minister of Economy Shahin Mustafayev said. He made the remarks during the meeting with the Iranian Ambassador to Azerbaijan Mohsen Pak Ayeen, said the country’s Economy Ministry. The meeting was held in connection with completion of Pak Ayeen’s…
DetailsIndian Ambassador to Ukraine Manoj Kumar Bharti has called on Ukrainian farmers to export lentil to India. “In 2015, Canada exported 500,000 tons of lentil to India. If Canada can export lentil, why doesn’t Ukraine export it?” he said at a roundtable in the Ukrainian parliament in Kyiv. “India’s population is mainly vegetarians, and lentil…
DetailsIn terms of the current situation on the global market of high-oleic sunflower oil, when the market segment demonstrates noticeable reduction of activity from major customers, fall of bid prices for the product, as well as purchasing prices for the raw material and price premiums, in 2016/2017 MY Ukraine will be able to process and…
DetailsIn 2016/2017 MY, the market of sunflower seed and sunflower oil in Ukraine will face the bearish trend, the Consultant at Agritel International Oleksandra Suslova declared. According to Agritel forecasts, the prospect of record harvest volumes of sunflower seed in Ukraine will have its critical pressure on prices, despite the large number of processing enterprises…
DetailsThe current problems with supplies of Russian wheat to Egypt, due to requirements of zero ergot fungus content in the imported grain, will not have any significant influence on the export potential of Russia, the Director of the Department of regulation of agricultural markets at the Ministry of Agriculture Vladimir Volik declared. According to him,…
DetailsA delegation of the European Bank for Reconstruction and Development (EBRD), headed by Bruno Balvanera, director for the South Caucasus, Moldova and Belarus, arrived in Baku. Balvanera introduced Ivana Duarte, the new head of the bank’s Baku office, to the Azerbaijani government. The EBRD delegation was received by Shahin Mustafayev, Azerbaijani economy minister, as part…
DetailsChinese companies may become owners of up to 50% in the Oil and Gas Processing and Petrochemical Complex (OGPC) in Azerbaijan, head of the country’s state oil company SOCAR Rovnag Abdullayev said. He said that the work on this issue was underway. “As you know, SOCAR and China National Petroleum Corporation (CNPC) signed a memorandum…
DetailsAgrometeorological conditions for soil preparation and autumn sowing vary all over the country. Waterlogging of 10-cm soil layer was noted in some places of Vitebsk, Grodno and Minsk regions due to the rains, which complicates the conditions of field works. During the next few days the top layer of waterlogged soil will dry due to…
DetailsThe 13th session of the Kazakh-Azerbaijani intergovernmental commission on economic cooperation will be held in Astana on September 21-22, the Kazakh embassy in Baku said in a message. The Azerbaijani delegation will be headed by Natig Aliyev, energy minister, co-chairman of the intergovernmental commission. “The sides will discuss a wide range of bilateral issues relating…
DetailsAzerbaijan’s state oil company SOCAR will be a technical consultant for Ionian Adriatic Pipeline (IAP) project, Murad Heydarov, head of SOCAR Balkan company, said. He added that the initial report had already beendelivered and at the first stage, the proposals for the specific project were given. “The specific project is the first line, which will…
DetailsAmbassador Extraordinary and Plenipotentiary of the United States of Mexico to the Republic of Azerbaijan Rodrigo Labardini has received Caspian Energy’s delegation headed by President and Editor-in-Chief of the Caspian Energy International Media Group Natalya Aliyeva. During the meeting the sides discussed possibilities of expansion of contacts on the informational level within the Caspian European…
DetailsTo date, there are a lot of factors, which impact will contribute to the following growth of production volumes in the high-oleic sunflower market segment of Ukraine, the Vice-President of commerce at AgroGeneration Kateryna Konashchuk declared. As for the market factors, Konashchuk mentioned stable growth of profitability of high-oleic sunflower production in Ukraine, as well…
DetailsAs of September 16, Ukrainian agrarians harvested 39.99 million tons of grains throughout the areas of 10.21 million ha, or 71% of the plan. The average yield totaled 3.91 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 38.5…
DetailsUIA started testing SMS notification service informing passengers of all scheduled flights on any delays and cancellations. Therefore, the airline’s clients will be notified of important schedule alterations. Within 48 – 1 hour prior to scheduled departure, passengers who provided UIA with correct contact details when booking their tickets might receive a notification on cancellation…
DetailsAlmost complete export orientation is the unique feature of the Ukrainian market of sunflower oil, the general director of the Association Ukroliyaprom Stepan Kapshuk reported. Ukraine consumes no more than 10% of the produced sunflower oil, and exports 90% of the remaining volumes. Any export limitations on sunflower oil will cause destabilization of not only…
DetailsRussian Aerospace Forces Commander Viktor Bondarev said that the construction of sixth generation of jet fighters was not far off. Russia is simultaneously developing both manned and unmanned sixth-generation jet fighters. “Simultaneously, of course… Work is in progress here as well as abroad. We have an excellent aviation industry and design bureaus. I think that…
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