Turkey to further support Trans-Caspian route

Turkey will continue its support for the Trans-Caspian International Transport Route in order to keep it preferable for carriers, Ahmet Arslan, Turkey’s minister of transport, maritime affairs and communications, said. Arslan noted that transportation to the Central Asian countries through Azerbaijan grew substantially in 2015 as compared to previous years. About 8,000 trucks were sent…

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Russia: Novatek gas output down in January-September 2016

Russian independent gas producer Novatek decreased its gas production by 0.3% YoY to 49.95 billion cubic meters in January-September, the company said in a statement.

The output of liquid hydrocarbons rose by 43.6% to 9.387 million tons. (Prime/Business World Magazine)

Russia: UEC delivers over 100 RD-33MK aircraft engines to India’s navy

More than 100 Russian-made RD-33MK turbojet engines have been delivered to India’s Navy, the press office of Russia’s United Engine Corporation (UEC) said. The engines were manufactured by the Chernyshev Machine-Building Enterprise, a subsidiary of the United Engine Corporation within Russia’s state hi-tech corporation Rostec. “The engines were delivered under a contract signed between Russia’s…

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Russia: Rosneft to buy 19.5% in itself

Russian state-owned oil major Rosneft may buy 19.5% in itself during privatization, Vice President Mikhail Leontyev said. “The corporation is seriously studying the possibility of buying its shares from the owner, I mean the government”, he said. The practice of buying own shares is wide-spread. “This is some kind of paranoia which is taking place…

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