Russian oil company Tatneft has bid for privatization of a state stake in oil company Bashneft and has not withdrawn it, Tatneft CEO Nail Maganov said. “Our bid has not been withdrawn yet. The bid is sent and not withdrawn”, he noted. “The company has a solid investment potential, which we invest in the development…
DetailsAccording to official data, as of September 2, Russian farmers had threshed 33.26 million ha (70.4%) of grains and legumes against 27.66 million ha as of the same date in 2015. 93.41 MMT was harvested with average yield of 2.81 MT/ha (in 2015 – 73.05 MMT with 2.64 MT/ha). Wheat was threshed from 20.45 million…
DetailsThe Ministry of Agriculture of the Russian Federation plans to return to discussion of the feasibility of wheat export duties in early 2018, the Deputy Minister of Agriculture of the Russian Federation Evgeny Gromyko declared. According to him, the government has already worked out the draft decree to zero down export duties on wheat until…
DetailsZubr Capital is considering the prospects of finding a strategic investor or raising capital for Belarus’ largest internet provider Atlant Telecom, Oleg Khusayenov, Director General at the Managing Company for Zubr Capital direct investment funds, reported. Atlant Telecom has completed a 6-year investment cycle and its patrons are considering the prospects of raising capital of…
DetailsThe arbiter group of the World Trade Organization (WTO) has finished the first hearing on the merits of Russia’s case regarding the third energy package introduced by the E.U., Marat Berdyev, technical permanent representative of Russia to the WTO, said. “Of course, given standard WTO procedures, decision making will take some time and require additional…
DetailsChairman of PKP Energetyka (Poland) Wojciech Ozhech and Board Chairman of PJSC Ukrzaliznytsia Wojciech Balczun have signed a cooperation agreement. According to a press release from the Polish company, both signatories declared cooperation in the most important segments of activities, intend to focus on joint business projects, as well as exchange of knowledge and experience…
DetailsThe Ukroboronprom State Concern is presenting the potential of the Ukrainian defense and industrial complex at the 24th International Defence Industry Exhibition MSPO 2016 in Kielce (Poland) on September 6 through September 9. The concern’s press service reported that 14 Ukroboronprom’s enterprises were presented in Kielce thus showing the potential of the Ukrainian defense and…
DetailsSince the beginning of 2016/2017 MY, Ukraine exported 7.213 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 4.203 million tons, corn – 575 thousand tons, barley – 2.408 million tons, and other grains – 27 thousand tons. Ukraine supplied nearly 60.2 thousand tons of…
DetailsDuring the last week of August and first week of September the weather was warm without precipitations. Only in the southern regions rains were observed in the form of heavy showers and in some regions – with lightning. Average daily air temperature ranged 17-26.8 C and was 1-6 C higher than norm. Maximum temperature in…
DetailsUkraine and Hungary intend to develop a medium-term plan of cooperation in energy, infrastructure and agriculture. “Volodymyr Groysman, in the framework of the commission, initiated the development of a mid-term cooperation action plan for Ukraine and Hungary, in particular in the field of infrastructure, energy and agriculture”, the Cabinet of Ministers press service said, with…
DetailsIn the first half of 2016, Moldova significantly increased its exports of agricultural products to the EU markets. In particular, in the reporting period wheat supplies reached 178.2 thousand tons, up by 137% compared with the quota volumes (75 thousand tons), the Ministry of Agriculture and Food Industry of Moldova reported. In January-June the exports…
DetailsGeneral Dembele Adama, the Malian Ministry of Defense and Veterans Affairs’s cabinet chief, said that Mali wanted to sign a new contract with Russia on the purchase of tanks and air force technology, including aircraft, in addition to the existing arms procurement contract. “We in Mali are interested in receiving Russian weapons. We want to…
DetailsIn June linseed exports from Kazakhstan reached 16 KMT against 24 KMT in May and 47 KMT in June 2015. In general, it didn’t have a negative impact on the 2015/2016 season’s trend, when monthly exports exceeded the last year’s figures, and only June export was an exception. Since the beginning of the current season…
DetailsThe Investigative Committee for St. Petersburg has searched the office of power utility Lenenergo, a source in law enforcement authorities reported. According to preliminary information, the measures have been taken under a criminal case over perverting the course of justice and conduct of a preliminary investigation. Chairman of another power maker T Plus board of…
DetailsIn January-July Russia exported 10.885 million tons of wheat and meslin valued at $1.886 billion, the Federal Customs Service of Russia declared. According to the announcement, the major volumes of wheat were traditionally shipped to far abroad foreign countries – 10.424 million tons ($1.806 billion). In the reporting period, wheat import volumes to Russia totaled…
DetailsThe Eurasian Economic Union (EEU) has reduced import duties from 5.43% to 5.3% of the customs value of goods. The new rates became effective on September 1. The move was approved by the Eurasian Economic Commission (EEC) and reflects Russia’s WTO commitments. Although Belarus is not a WTO member, the country still has to comply…
DetailsDuring the first two months of 2016/2017 MY, Russia exported 6.58 million tons of grains, down by 4% YoY, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky declared. Traditionally, in the reporting period wheat formed the basis of Russian grain exports – 5.68 million tons, up by 4.8% YoY. At…
DetailsTo complete its production upgrade program in 2016-2020, Belarus’ Mozyr NPZ (Gomel region) oil refinery will need $1 billion, while Naftan oil refinery (Vitebsk region) is short of $426 million, a source in the profile ministry reported. Belarusian oil refineries are challenged to keep upgrading their facilities in order to increase their oil conversion ratio…
DetailsBelarus’ farms and agribusiness enterprises, which received Br455.4 million ($232.255 million) in credits in 2016 to pay for mineral fertilizers, engine fuel and lubricants, will have their credit repayment schedule extended by one year, in accordance with President Lukashenko’s ordinance No. 328 of September 2. The document was made public on September 6. The credits…
DetailsAntonov state enterprise (Kyiv) plans to start practical cooperation with China on the completion of modernized An-225 Mriya aircraft with a carrying capacity of 250 tons under the Aerospace Industry Corporation of China (AICC), however, the concern emphasizes the timing depends on the Chinese side. Deputy chief designer of Antonov state enterprise Hennadiy Habruk said…
DetailsAccording to preliminary estimations of the Association Ukroliyaprom, in 2016 rapeseed production in Ukraine will total 1.1 million tons, against 1.6 million tons last year, the press-service of the Association declared. According to the announcement, last marketing year 10 oilseed plants processed rapeseed raw materials. In 2015/2016 MY Ukraine processed 300 thousand tons of rapeseed…
DetailsOn August 29 – September 4, Ukraine exported 661.4 thousand tons of grains from the seaports, against 552.7 thousand tons on the previous week.
In particular, wheat shipments reached 480.9 thousand tons, corn – 14.2 thousand tons, and barley – 166.3 thousand tons. (APK-Inform/Business World Magazine)
Last week weather conditions were favorable for ripening and harvesting of late spring crops. Cornfield research in Dniepropetrovsk region showed that corn varieties of ultra-early, early-optimal and late sowing terms were 250-271 cm, 257-282 cm and 242-270 cm high, respectively. In the corn plants of all sowing terms grain in the head reached the stage…
DetailsAs of September 1, grains and pulses have been harvested from 9832 thousand ha (69% of the intended area) compared with 10343 thousand ha as of September 1, 2015. Farmers obtained 38.353 MMT with average yields at 3.9 MT/ha (on the same date in 2015 – 37.106 MMT with average productivity at 3.59 MT/ha). Buckwheat…
DetailsThe Ministry of Agriculture of Russia set a task to double the production volumes of corn in the country in the short term, the Director of the Department of plant growing, chemicalization and plant protection at the Ministry of Agriculture Petr Chekmarev declared. At the same time, Chekmarev reminded that in general, the Ministry planned…
DetailsRussia welcomes the decision of Saudi Arabia to develop the use of civilian nuclear technologies that is part of the kingdom’s development strategy by 2030, Russian Energy Minister Alexander Novak said. Moscow is interested in participation in Saudi Arabian projects related to nuclear power sector, the minister said. “We support the Saudi Arabian initiative aimed…
DetailsAccording to official data, as of August 19, Russian farmers have threshed 24.4 million ha (51.7%) of grains and legumes against 21.5 million ha as of the same date in 2015. 77.4 MMT was harvested with average yield of 3.17 MT/ha (in 2015 – 61.4 MMT with 2.85 MT/ha). Wheat was threshed from 15.1 million…
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