The Turkish Tekfen Insaat ve Tesisat A.S will conduct the electromechanical work as part of the construction of Star refinery in Turkey, Turkey’s Public Disclosure Platform said in a message. According to the message, the work is planned to be conducted within 17 months. The annual naphtha production volume, used by Petkim (where the Azerbaijani…
DetailsTurkmen President Gurbanguly Berdimuhamedov discussed the topical issues of bilateral cooperation at a meeting with Qatar’s Foreign Minister, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, the Turkmen government said. Stressing the broad prospects for the development of trade and economic relations, the sides called for intensifying fruitful partnership in various fields. The oil and gas…
DetailsUzbekistan Temir Yollari (Uzbekistan Railways) started to run train O’zbekiston on route Tashkent-Andijan-Tashkent from September 5, on daily basis. According to the company’s press service, the trip time is 6 hours. The train will leave Tashkent at 08:05 and arrive in Andijan at 14:05. Return train will leave Andijan at 15:25 and arrive in Tashkent…
DetailsUzbekistan will host the first international conference “Resource saving technologies for processing of phosphorite of Central Kyzylkums into phosphate fertilizers and phosphoric salts” in October. Uzkimyosanoat and Ammofos-Maxam are organizers of the conference. According to the organizers, the conference will be held in Tashkent on October 10. The conference is aimed at discussing important achievements…
DetailsYovon district of Khatlon region has become a major industrial center of the country. This was stated by the President of Tajikistan Emomali Rahmon, speaking on Monday, September 5, in the course of putting into operation new enterprises of the TALCO chemistry concern. He noted that the industrial might of the Yovon district in recent…
DetailsNew Lifan cars will be assembled at the Nakhchivan Automobile Plant (NAZ), the plant’s Director Musa Abdullayev said. This issue was discussed during the talks in Baku between the plant’s Director Musa Abdullayev and Director General of Lifan International Sun Zejun. Four-wheel drive Lifan X7 sport utility vehicle (SUV) and a minivan for 11 people…
DetailsKazakhstan completed the overhaul of its section of Tuimazy-Omsk-Novosibirsk-2 (TON-2) oil pipeline which allowed to increase its capacity from 7 to 10 million tons of oil per year, KazTransOil company reported. The pipeline section 185.6 km long was replaced within the overhaul work. The overhaul of TON-2 was conducted to ensure the reliable oil transportation…
DetailsKazakhstan’s GDP growth is projected at 1.9% in 2017, Minister of National Economy Kuandyk Bishimbayev said. The forecast includes expectation of increase in oil production due to commissioning of the Kashagan field. Forecast for GDP growth for 2016 is still at 0.5%, which was expected earlier. Inflation in 2016 is expected to reach 8.5%, Bishimbayev…
DetailsAmbassador of the Republic of Tajikistan in Japan Hamrokhon Zarifi took part in the event dedicated to the measures for the management of seismic risks and technology of Japan. The event was organized by the Ministry of land, infrastructure, transport and tourism jointly with the Ministry of Foreign Affairs of Japan with participation of Japanese…
DetailsRussia’s Gazprom is planning to procure about 15 billion cubic meters of gas from Asia in 2016, Deputy head of Gazprom Export Mikhail Malgin said. Gazprom Export decreased purchase of natural gas from Turkmenistan from January 1, and increased purchase of gas from Uzbekistan. The Uzbek and Russian sides reached agreement on purchase of the…
DetailsImplementation of Russia’s controversial package of anti-terrorism laws, obliging telecom and Internet operators to store metadata, content of users’ talks and correspondence, will give an additional impetus for development of the domestic industry, Industry and Trade Minister Denis Manturov said. “I positively see (the laws), because we will have a stimulus to develop our industries…
DetailsChina and Kazakhstan plan to implement 51 joint projects in different spheres in Kazakhstan, Kazakh President Nursultan Nazarbayev said following his working visit to China, according to the president’s press-service. Facilities for two of them have already been built, four more facilities worth $2.5 billion will be completed by the end of 2016, the president…
DetailsUzbekistan Havo Yollari (Uzbekistan Airways) has started executing regular flights on Boeing 787 Dreamliner airplanes from on September 5. According to the press service of the airline, the Boeing 787 Dreamliner jet will be used to carry out internal flights. Uzbekistan Havo Yollari will conduct flights on route Tashkent-Urgench-Tashkent and Tashkent-Nukus with the new airplane.…
DetailsAzerbaijan, Turkey and Turkmenistan have signed the Ashgabat declaration to create the Trans-Caspian transport corridor from Beijing to London, Turkey’s Transport, Maritime Affairs and Communications Minister Ahmet Arslan reported. Arslan said the document was signed during the first meeting of transportation ministers of the three countries. The declaration was inked by Ahmet Arslan, Azerbaijani Deputy…
DetailsIn order to attract tourists to Azerbaijan, the ministries of economy, finance, culture and tourism, the Civil Aviation Administration and Azerbaijan Railways CJSC have been instructed to take measures to organize new advantageous international routes and inform Azerbaijan’s president on the issue. The Ministry of Culture and Tourism has been instructed to prepare the general…
DetailsAzerbaijan will speed up the passage of foreigners and stateless persons through the border checkpoints with Russia, Turkey, Iran and Georgia, according to the decree signed by Azerbaijan’s President Ilham Aliyev on additional measures for developing tourism in the country. Jointly with the Foreign Ministry, State Customs Committee and the State Border Service, the Ministry…
DetailsThe work within the Trans-Anatolian Natural Gas Pipeline (TANAP) project is underway in accordance with the plan, President of the Azerbaijani state oil company SOCAR Rovnag Abdullayev said. He said that there were no problems with the implementation of the project. “Partly, we are even ahead of schedule and 850 kilometers of pipes have been…
DetailsAzerbaijani state oil company SOCAR can provide Iran with its gas storage tanks, President of SOCAR Rovnag Abdullayev said. He said that the matter rested in small amounts of 1-2 billion cubic meters of gas. “Iran has problems with the gas supply to its northern regions in the winter months”, Abdullayev said. “The Iranian side…
DetailsAzerbaijan invites Iranian entrepreneurs to actively cooperate with local businessmen, said Azerbaijan’s Deputy Economy Minister Sahib Mammadov. Mammadov made the remarks during the Azerbaijani-Iranian business meeting in Baku. The meeting, organized by Azerbaijan Export and Investments Promotion Foundation (AZPROMO), was attended by more than 80 local and Iranian businessmen. Azerbaijani deputy minister said that Azerbaijan…
DetailsEnergy sector, oil, gas and chemical sphere, as well as transport have been defined among the topical areas of cooperation between Japan and Turkmenistan, said the message of the country’s government. This was noted at the meeting of Turkmen President Gurbanguly Berdimuhamedov with the newly appointed Ambassador of Japan Takahiko Katsumata, who handed over his…
DetailsIn July Ukraine produced 9.7 KMT of mayonnaise against 8.3 KMT in June of the current year and 9.6 KMT in July 2015. In January-July total production equals 69.2 KMT, which is slightly lower than over the same period of 2015, namely by 0.6 KMT or less than 1%. Considering the tendency of decreasing mayonnaise…
DetailsUralkali, one of the world’s largest potash producers, announces the key decisions taken by its Board of Directors at a meeting on September 1. The board has approved of the list of candidates to be elected to the Board of Directors at Uralkali’s Extraordinary General Meeting (EGM), to be held on September 27: Dmitry Konyaev,…
DetailsRussia’s Economic Development Ministry has worsened its forecast for Russia’s gross domestic product (GDP) decline in 2016 to 0.5-0.6% from 0.2%, Minister Alexei Ulyukayev said.
The ministry’s basic forecast earlier implied a 0.2% GDP fall in 2016 with an annual average oil price of $40 per barrel. (Prime/Business World Magazine)
Harvesting of sunflower and soybean has started in the southern regions of the Russian Federation and starting prices for raw materials of the new crop were announced in these regions. During last week Russian market of sunflower oil was characterized by a minimum volume of sales and a further decrease in producer prices. With increase…
DetailsThe wholesale domestic price of Russian gas can increase by 2.5-3% in 2017, Deputy Economic Development Minister Nikolai Podguzov reported.
As regards the 2016 gas price increase, Podguzov said that the decision should be made by the Federal Antimonopoly Service. (Prime/Business World Magazine)