An out-of-court settlement of a gas price revision dispute between Poland’s oil and gas company PGNIG and Russian gas giant Gazprom is improbable, CEO Piotr Wozniak said. “Like us, Gazprom is waiting for an arbitration ruling, which will be made in July or August next year in accordance with the procedures, this is why the…
DetailsThe Russian government has not made a short list of contenders in privatization of oil major Rosneft so far, Deputy Prime Minister Arkady Dvorkovich reported. “You know, there has been an order to consider all privatization issues additionally, there have been no shortlists so far”, Dvorkovich said. First Deputy Prime Minister Igor Shuvalov said earlier…
DetailsA new member has joined the liquefied natural gas (LNG) cluster – the Emerson (USA) company became the first international partner of the cluster, Klaipedos Nafta says in a press release. By attracting the international partner, Klaipedos Nafta AB aims to develop cluster competencies and promote the emergence of the small-scale LNG terminals’ management systems…
DetailsKaliningrad region is looking into a possibility of compensating shipping costs when it comes to cargoes delivered by sea to the region from the mainland Russia and back, Vladimir Zhovtun, head of the Transport Development Department at the regional Ministry of Infrastructure Development, said. According to him, this mechanism is already applied to railway transportations…
DetailsSwedish furniture maker Ikea plans to invest 100 billion rubles in Russia over the next five to seven years, CEO of the Russian division Milen Genchev said. “This amount includes extension of the malls, construction of new stores, and also extension of a distribution center in Yesipovo”, Genchev noted. The official said that Ikea did…
DetailsEgypt is interested in setting up manufacturing enterprises together with Belarus. The relevant possibilities were discussed during the latest meeting of Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt Sergei Rachkov and Egyptian Assistant Foreign Minister for European Affairs Ihab Nasr, the press service of the Belarusian Ministry of Foreign Affairs reported. During the meeting…
DetailsChina’s investments into the construction of multi-storied apartment buildings in Belarus in 2016-2017 will total 700 million yuan (RMB), Belarus’ Vice Minister of Architecture and Construction Alexander Kruchanov said in a statement. According to him, Belarus is currently short of finance for housing construction and China’s gratuitous aid will somehow improve the situation. Chinese investors…
DetailsThe Caspian flotilla ships Volgodonsk and Makhachkala within the strike grouping have performed artillery firings in the assigned zones of the Caspian Sea at the strategic command-and-staff exercise “Caucasus-2016”, the press center of RF Defense Ministry reported. The ships also repelled attacks of simulated enemy surface ships. Besides that crews practiced air defense in movement…
DetailsFreight volume handled in the Port of Liepaja in January-August declined by 0.4% YoY, to 3,353,000 tons, the Port Authority reported. In the reporting period grain shipments rose by 5.3% to 1,572,600 tons, construction materials dropped by 16.7% to 329,200 tons, timber was down by 37.8% to 227,900 tons, crude oil – up by 9.2%…
DetailsThe Belarusian Potash Company (BPC) shipped 1.1 million tons of potash fertilizers to foreign customers in August, a BPC representative reported. All in all, BPC exported 5.8 million tons of potash (gross weight) in January-August. The BPC says the global potash fertilizer market is gradually getting back to normal on reports about new contracts made…
Details77% of the preparatory work for starting the delivery of Azerbaijani gas in 2018 as part of the Stage 2 of the Shah Deniz field’s development has been completed, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell said. Gas will be delivered to Turkey in 2018 via the Trans-Anatolian Natural Gas Pipeline (TANAP)…
DetailsThe capacity of Belarus’ automobile tire market is likely to reduce slightly in 2016, Belarus’ tire manufacturer Belshina said in a statement. Belarus’ tire market grew to 1.4 million units in H1 2016, including passenger car tires – 67.3% (down by 2,7% since early 2016), truck tires – 16.5% (up by 1.5%), farming machinery tires…
DetailsBelarus’ largest cement producer OAO Krasnoselskstroymaterialy has implemented a new cement drying technology based on burning dried, cut and separated peat, the Energy Ministry of Belarus reported. The new fuel will save the cement producer an estimated $2.5-3 million. In 2015 the company started using peat in the framework of an import substitution project. In…
DetailsIn December Azerbaijan will open the Baku railway station, Javid Gurbanov, chairman of Azerbijan Railways CJSC, said. Gurbanov added that ASAN service would be engaged in the sale of tickets at the station. “There will be a shopping center on the second floor of the station”, he added. “Upper floors will be leased for offices.…
DetailsAzerbaijan is among the countries that are interested in tenders for LNG supplies, Adnan Gilani, head of Pakistan LNG, a new state-owned company set up to manage procurement and supply of gas, informed. Pakistan plans to issue two international tenders for 750,000 tons per year of liquefied natural gas each in the coming month, he…
DetailsAzerbaijan can annually earn nearly $2.5 billion on cargo transportation, Chairman of Azerbaijan Railways CJSC Javid Gurbanov said. “If we can make 50 million tons of cargo annually pass through the territory of Azerbaijan we will annually receive $2.5 billion of revenues by earning nearly $50 per ton”, Gurbanov said. Years are needed for that,…
DetailsMechel says Anatoly Balakin has been appointed Managing Director of commercial port Posiet (part of Mechel Groip’s transport division administered by Mecheltrans Management Company LLC). The company says Anatoly Balakin will lead the work on further implementation of the program on retrofitting and upgrading the port facilities and adjoining infrastructure facilities so that loading/unloading complex…
DetailsUkraine’s Cabinet of Ministers has expanded the list of facilities to be put up for sale in 2016-2017 after they have been removed by the Verkhovna Rada from the list of companies ineligible for privatization. The list includes Artyomsol, Ukrspyrt state-run enterprises, Bilshovyk research and development (R&D) enterprise and Lviv state-run jewelry factory. The amendments…
DetailsThe Cabinet of Ministers has published a list of facilities of small privatization that will be put up for sale, according to a resolution posted on the government’s website. The government considerably enlarged a list of facilitates that will be put up for sale in 2017, by amending government’s resolution of May 12, 2015, No.271.…
DetailsRussian radio electronics producer Micran sees no problems in its addition to the U.S. sanction list, Director Vladimir Dotsenko said. “I don’t expect any serious difficulties. Restrictive measures have been in effect for a long time. We live under these conditions. On the other hand, we supply products mainly to the internal market, not to…
DetailsThe Russian Aerospace Forces will start receiving the upgraded Mi-26T2 heavy-lift transport helicopters in 2018, a spokesman for the manufacturing firm Russian Helicopters said. “Deliveries of Mi-26T2 to the Russian Defense Ministry are planned for 2018, but this deadline depends not only on the Russian Helicopters holding’s enterprises”, Director of Public Procurement and Military-Technical Cooperation…
DetailsRussian farmers have threshed 96.879 million tons of grain from 34.9 million hectares as of September 6, compared with 29 million hectares last year as of the corresponding date, the Agriculture Ministry said. Wheat harvest amounted to 66.8 million tons and barley harvest stood at 17.6 million tons. The ministry expects Russia’s grain harvest to…
DetailsThis year Russia started winter sowing a few days later than in 2015. As of September 2, winter grains had been sown at 3410.9 thousand ha, 19.7% of the plan (17.35 million ha). In Ural federal district winter sowing was carried out at 69.6% – at 47.4 thousand ha, in Privolzhsky – at 50.9% (2414.8…
DetailsRussian Defense Minister Sergei Shoigu and Egyptian Defense Minister Sedki Sobhi recently agreed to establish a training program for Egyptian pilots. Considering this development, it is very likely that Moscow and Cairo are in fact close to brokering a sale of Russian-made Ka-52K carrier-based attack helicopters to Egypt, which would become a welcome addition to…
DetailsRussian arms producers plan to export $15 billion worth of goods in 2016, Deputy Director of defense company Rosoboronexport Sergei Goreslavsky said. “Like last year, we plan to sell weapons worth $13 billion. Sales will total $15 billion including revenue of the Federal Service for Military and Technical Partnership”, Goreslavsky said. Rosoboronexport has sold $7…
DetailsRussia’s wheat exports rose by 60% YoY to 10.885 million tons in January-July, according to the Federal Customs Service. In monetary terms, exports increased by 29.82% to $1.886 billion. Russia’s wheat exports to non-CIS countries increased by 70% YoY to 10.424 million tons worth $1.806 billion, up by 38.09% rise in monetary terms. Wheat exports…
DetailsRussia’s Syktyvkar City Court arrested Yevgeny Olkhovik, a shareholder and board chairman of multi-industry holding Renova Group, for two months over a bribery case in the Komi Republic. Olkhovik and Boris Vainzikher, CEO of Renova’s unit T Plus, were detained on suspicion of giving bribes to the Komi Republic officials. The Federal Security Service and…
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