Many oil producing companies working in Kazakhstan observed negative financial result in 2015, according to Vice Minister of Energy Asset Magauov. As per an analysis, 36 companies out of 61 had a negative financial result, he noted. As the Vice Minister noted, drill footage dropped from 2,500 running meters to 1,500 running meters in 2015.…
DetailsJV MAN Auto Uzbekistan, an Uzbek-German joint venture, will launch production of cabs for supersize MAN trucks in Samarkand region in September. The project on localization of production of cabins is realized in cooperation with MAN Truck&Bus Group (Germany). The capacities of JV MAN Auto Uzbekistan on production of cabins for MAN trucks will be…
DetailsJizzakh cement plant completed implementation of the project on expansion of its production capacities up to 1 million tons a year. The project cost is $35.8 million. Dal Teknik Makina Ticaret ve Sanayi A.S. (Turkey) participated in the project implementation. It was financed through resources of the Fund for reconstruction and development of Uzbekistan in…
DetailsThe volume of trade turnover between Iran and Azerbaijan is estimated to surge by at least 80% over the current Iranian year (to end March 21), an Iranian trade official said. Considering the close diplomatic ties between Tehran and Baku and the existing plans for cooperation between the two neighboring countries, the level of trade…
DetailsThe European Commission will allocate 3.5 million euros of financial aid for the project for construction of TANAP via which Azerbaijani gas will be delivered to Turkey and then to Europe, said the message from TANAP. These funds will be used to support commercial activities and the integrated facility management system. “The European Commission considered…
DetailsThe Indian company Bravo Pharma expressed the intention of cooperation with Inha University in Tashkent (IUT) in the introduction of innovative solutions in healthcare. On July 22, Bravo Pharma delegation headed by Director General Rakesh Pandey held talks with the heads of the university. During the meeting, Rakesh Pandey said about the company’s activities, including…
DetailsMore effort should be made to develop the international transport corridors in Eurasia, Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan Oleg Ivanov said in his speech at a conference on the role of transport and transit corridors in ensuring sustainable development, the press service of the Belarusian Ministry of Foreign Affairs reported. “Oleg Ivanov…
DetailsAbout 600 enterprises, which earlier did not export their goods, started to ship their products to foreign states in the first half of 2016, a publication of the Ministry of Economy and the State Statistics Committee of Uzbekistan said. The enterprises began to export 208 new products. The geography of supplies increased by 44 new…
DetailsTransit of natural gas via Ukrainian gas transport system fell to 136 million cubic meters on July 26, and this is 30% less than average daily transit on July 1 through July 22 (around 190 million cubic meters a day), according to Ukrtransgaz’s data. Transit started falling on July 23 when it was 172 million…
DetailsPublic joint-stock company Kyivenergo (Kyiv) saw a 38% rise in net loss in January-June YoY, climbing to 752.21 million UAH. According to a company report, its net revenue in H1 2016 grew by 20.1% YoY, to 10.87 billion UAH, and gross loss totaled 165.86 million UAH compared to 295.08 million UAH of gross profit in…
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