The Southern Gas Corridor (SGC) project is running in very professional manner, European Commission Vice President for Energy Union Maros Sefcovic reported. Sefcovic said that the competition was very tough, but he was confident that Caspian gas would reach Europe before 2020 via the Southern Gas Corridor. “An enormous investment was made. The project is…
DetailsAzerbaijan’s state oil company SOCAR made a decision to extend the term of a letter of guarantee on the tender to buy a 66-percent stake in the Greek national gas transmission system operator DESFA for another month, Anar Mammadov, SOCAR Energy Greece executive director, reported. “We are trying to find a mutually acceptable solution”, he…
DetailsThe interconnecting gas corridor between Macedonia and Greece will use the Trans-Adriatic Pipeline (TAP) for supply of natural gas from Azerbaijan, CEO of Macedonian Energy Resources Skopje company Krste Miladinov reported. TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan’s Shah Deniz gas and condensate field to the EU countries.…
DetailsIn the coming years, Kazakhstan plans to significantly increase the exports of grains to the market of China – to 1-1.5 million tons annually since 2017-2018 period, with up to 2-2.5 million tons by 2020, the Chairman of the Grain Union of Kazakhstan Nurlan Ospanov declared. According to him, Kazakhstan will increase grain exports to…
DetailsA need will emerge to transport oil from Kazakhstan’s Kashagan field through Azerbaijan when Phase 2 of the field’s development starts, the press service of the Kazakh Energy Ministry reported. Production at the Kashagan field started in October. Several years will be needed for it to enter the second phase of development, although the exact…
DetailsInflation rate in Kazakhstan hit 6.2% in January-October, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 5.7%, non-food items’ prices have gone up by 7.6%, and paid services’ prices have increased by 5.4% since early 2016. Kazakhstan’s inflation rate over the 12 months ending in October amounted…
DetailsUkrainian farmers are completing sunseed harvesting. As of October 31, sunseed was gathered from 5490.5 thousand ha or 93% of the intended area (5916.2 thousand ha), up by 11.8% YoY (4909 thousand ha). Farmers obtained 12023.3 KMT of sunseed with the average yields of 2.19 MT/ha, which is all-time high for Ukraine. In 2015 farmers…
DetailsNatural gas production in Ukraine in January-October increased by 0.9% (by 151.8 million cubic meters) YoY, to 16.661 billion cubic meters. According to PJSC Ukrtransgaz, in October gas production amounted to 1.713 billion cubic meters, up by 0.5% YoY. In October, in particular, gas extraction by PJSC Ukrgazvydobuvannia amounted to 1.23 billion cubic meters, PJSC…
DetailsThis year ViOil company invested 100 million UAH in the capacity modernization of Vinnitsa oil and fat complex. Daily crushing capacity is now increased to 3 KMT of oilseeds, which will contribute 30% to crushing productivity. In 2013 ViOil industrial group launched its second oil extracting plant at Vinnitsa complex with the project capacity of…
DetailsBerdyansk Commercial Sea Port is ready to invest $10 million in construction of a grain terminal, and use the experience of the city Gdansk in Poland, the head of the port Nikolai Ilyin declared. The port is a public company, and it is ready to take investments. The port can provide an opportunity to invest…
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