Russia: Erginskoye oilfield to be auctioned

The Russian Natural Resources and Environment Ministry plans to auction the Erginskoye oilfield in the Khanty-Mansi Autonomous District until the end of 2016, an official said. Media reported earlier that the auction had been suspended as foreign investors had not decided on their participation in the auction. The ministry earlier offered to set a requirement…

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Russia: aviation to receive new-generation bombs

Russia’s Aerospace Force will soon receive new-generation air bombs equipped with proximity fuzes, CEO of Tecmash engineering group Sergei Rusakov said. The tests of the fuze that has been developed by Tecmash’s Electronic Instruments R&D Institute in Novosibirsk have passed successfully, he said. “Now the institute is preparing to launch the product into serial production.…

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Russia: oilseed acreage revised

Federal State Statistic Service has changed its estimate of oilseeds acreage for the 2016/2017 crop. Correction was made for all oil crops to a greater or lesser degree. In this regard, production estimates were also revised. Some analysts give bold projections and work with close to record productivity, while others are more modest in their…

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