Rosneft has commenced the geochemical survey at its three licensed fields in the Barens Sea: Albanovsky, Varneksky and Zapadno-Prinovozemelsky. According to the company’s press release, total area exceeds 77,000 sqm. Two research vessels will be involved. Operator of the works in the fields is Rosneft’s subsidiary – RN-Shelf-Arctic LLC specializing in arranging of works at…
DetailsThe Odessa Port-Side Chemical Plant (OPCP) will be put up for sale again in October, presumably at a lower starting price, Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said. He noted at a forum dedicated to 100 days of work of the government in Kyiv that an unsuccessful tender for…
DetailsNaftogaz Ukrainy in April-June did not import natural gas, the press service of the state holding said. The holding confirmed it had resumed gas purchases from European suppliers at the expense of own funds in July. In the first quarter Naftogaz Ukrainy imported natural gas to Ukraine at a price of $198 per 1,000 cubic…
DetailsDuring July 11-17, hot weather without precipitation was observed across the territory of the republic. Average weekly air temperature was above the norm by 2.5-3.8 C and reached +23.3-25.2 C. Hot and dry weather, observed during the week, resulted in intensive evaporation of moisture from the soil and created poor conditions for crops growth and…
DetailsRussian export market was characterized by sufficient supply at the background of limited demand that determines trends of prices. Last week, downward trend in export prices was observed in the Russian grain market. In particular milling wheat price in deep-water ports decreased by $2-3 to $165-167/MT FOB under the pressure of global downward trends. The…
DetailsKyiv regional administration intends to present a project to build a big orbital road around Kyiv to investors in late July, Kyiv region governor Maksym Melnychuk has said. “One of the largest strategic projects for Kyiv region for this year is the bid ring road around Kyiv. I think that by late July Kyiv regional…
DetailsAccording to the regional agricultural departments, as of July 21, Kazakh agrarians harvested grains throughout 276 thousand ha, or 30.3% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 583.2 thousand tons of grains, up by 129.8 thousand tons YoY. The average yield…
Details2009 may be considered as the beginning of active linseed production in Kazakhstan. Since that time Kazakhstan has been increasing linseed exports meeting the consistently high demand for this crop, including from the main importer – the European Union. At present, despite some reduction in oilseeds acreage, Kazakhstan competes in the global market, remaining among…
DetailsIn June Ukraine produced 8 KMT of mayonnaise against 9.5 KMT in the previous month and 11.2 KMT in June 2015. Thus, since the beginning of 2016 Ukrainian production of mayonnaise totaled 59.2 KMT, down by 1 KMT or by 1.7% YoY. If producers retain production volumes at the last year level it could be…
DetailsIn July, Turkey reduced the import volumes of grains, including grains of Russian origin, but the fall of supplies was not caused by political tensions in the country, the Deputy Director of the strategic management department at Rusagrotrans CJSC, Igor Pavensky declared. According to him, Turkey continues purchasing grains on foreign markets, despite domestic instability…
DetailsIn January-May the import volumes of wheat to Azerbaijan totaled 556.6 thousand tons, down by 29.4% YoY, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics data, the general cost of imported wheat to the country totaled $104.78 million (down by 43.2% YoY). In the reporting period Azerbaijan imported 59.12…
DetailsThe Ministry of Health plans to sign a memorandum with the Lokman Hekim network of private clinics (Turkey) on treatment of Ukrainians abroad in the framework of the relevant state program. According to the Health Ministry’s press service, the agreement was achieved at a meeting of the commission on referral to treatment abroad, headed by…
DetailsSergei Sandulov, Director General of Omsk River Port, has been named the winner of the auction on sale of the 25.5% stake of Omsk River Port owned by Russian government. According to the official website for bidding information, the shares were sold for 36 million RUB at the auction held on July 21. Sergei Sandulov…
DetailsThroughput of Rosterminalugol in 2016 has reached 9 million tons year-to-date, the company’s press release says. The milestone ton was loaded on July 20. Rosterminalugol was established in 1996 to build and operate the coal terminal at Port of Ust-Luga. The company specializes in loading / unloading operations, freight forwarding services, building and maintenance of…
DetailsActive development of Russian grain handling port capacities ensured record high exports in the 2015/2016 season. Current surplus of capacities, as well as projects for grain handling terminals expansion, provide a basis for further growth of grain export capacity. UkrAgroConsult estimates that over the past 10 years Russian grain handling seaports capacities increased by more…
DetailsAzerbaijan Airlines (AZAL) and Russian Ural Airlines will start operating joint flights on Gabala-Moscow-Gabala route from July 31. According to the code-share agreement, flights of Ural Airlines on this airline will be operated under the codes of both airlines. Direct flights on Gabala-Moscow-Gabala route will be operated every week on Sundays. Departure from Domodedovo International…
DetailsArtillery units of the integrated combined arms force of Russia’s Eastern Military District stationed in the Trans-Baikal Territory were alerted on Wednesday to march for drills to the Tsugol range, the district spokesman Colonel Alexander Gordeyev said. “Some 500 troops and 100 units of armaments and military equipment covered a distance of more than 100…
DetailsBoryspil International Airport (Kyiv) could triple its net profit in January-June compared to the same period of 2015. Acting Director Yevhen Dykhne gave the information at a press conference at the airport on Thursday. “According to the preliminary calculations we expect that we will see a triple rise in profit in H1 2016 compared to…
DetailsThe debt of PJSC Ukrnafta to the national budget has increased to 15.3 billion UAH (including interest and penalties), the press service of the Ministry of Economic Development and Trade has said. “According to the State Fiscal Service, the tax debt of Ukrnafta as of July 1 was about 15.3 billion UAH”, the report says.…
DetailsJSC TVEL, the fuel company of Russia’s State Atomic Energy Corporation Rosatom, has signed the first contract on testing Russia’s TVS-Kvadrat nuclear fuel with a US nuclear power plant operator, Rosatom said. TVEL Vice President Oleg Grigoryev said in May that the first Russian test nuclear fuel assemblies TVS-K would be loaded into US reactors…
DetailsRussia’s Su-35 multirole fighter jet can be touted as the best dogfighter in history, according to military expert Sebastien Roblin. In his article, published by the US magazine National Interest, military expert Sebastien Roblin gave kudos to the Russian Sukhoi Su-35 (Flanker-E) super-maneuverable multirole fighter jet, which he said may be a “deadly adversary” to…
DetailsBurgas-Alexandroupolis oil pipeline project may be resumed in case of difficulties with navigation through the Black Sea straits, Chief Executive Officer of the Russian pipeline operator Nikolai Tokarev said. “We have just recently received a formal notice of they support prospects of Burgas-Alexandroupolis oil pipeline project. They are against winding-up a management company created for…
DetailsAccording to preliminary data, agricultural households of all categories in Russia (agricultural organizations, farmers, population) planted grain crops and pulses for the harvest-2016 throughout the areas of 47.2 million ha, up by 0.6% YoYr, or up by 275 thousand ha, the Federal State Statistics Service (Rosstat) reported. According to the announcement, the planted areas under…
DetailsThe Moscow Ninth Appellation Court upheld the decision under the lawsuit of designer Christian Louboutin against Russian perfumery suppliers. The Moscow Arbitration Court earlier ordered to collect over 24 million rubles ($375,445) for violation of trademark rights. “The decision of the Moscow Arbitration Court of April 22, should be left unchanged and appeals should not…
DetailsRussian inventors from Aeromechanics Company unveil Micron gyrocopter. They’ve created what’s believed to be one of the smallest and lightest helicopters in the world. The invention weighs only 115 kilograms and can reach speeds of up to 120 kilometers per hour. The chopper can easily take off from any landing site with a 10-meter diameter.…
DetailsAccording to the Association of Russian Seaports, in January-June grain handling in ports of the country increased by 29.4% YoY, to 12.1 MMT. In the first half of 2016 cargo turnover in Russian seaports grew by 6%, to 344.6 MMT. Such considerable increase in grain handling in Russian seaports became possible due to record export…
DetailsIn the current year the average yield of early grains and pulses in Ukraine will exceed the index of 2015 by 0.4 t/ha, which will completely ensure the domestic demand and export potential, the Ministry of Agrarian Policy and Food of Ukraine declared, referring to the updated harvesting data from regions. According to the announcement,…
DetailsAs of July 1, agricultural enterprises (excluding small-scale ones), and grain storage and processing enterprises of Ukraine stocked 7.032 million tons of grains (including 3.013 million tons of wheat, 2.178 million tons of corn, 1.512 million tons of barley, 46.5 thousand tons of rye), down by 839 thousand tons YoY, the State Statistics Service of…
DetailsPJSC State Food and Grain Corporation of Ukraine plans to buy 3.5 million tons of grain of the new harvest, according to the corporation’s press service.
Also, the press service reported that the corporation purchased 3.15 million tons of grain worth over 11 billion UAH in the 2015/2016 marketing year. (Ukrinform/Business World Magazine)
Ukrainian Railways (Ukrzaliznytsia) has signed the memorandum with the Center for Steel Industry Supply (Poland) to boost freight traffic across the borders of two countries. This is reported by the Ukrzaliznytsia press service. “According to the memorandum, the parties expressed their intention to cooperate to boost freight traffic across the state border between the two…
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