A report by the Turkmen General Prosecutor’s Office, which had revealed some flaws committed in the fuel and energy sector, was heard at an enlarged meeting of the Cabinet of Ministers. President of Turkmenistan Gurbanguly Berdimuhamedov severely reprimanded Chairman of Turkmen Oil State Concern Tachdurdy Begjanov and Director General of the Turkmenbashi Oil Refineries Complex…
Belarus’ proceeds from exports of petroleum products to Poland grew 3.4 times YoY in January-September to $149.3 million, a source in the profile ministry reported. Belarus exported 413,850 tons of petroleum products to Poland, up 5.2 times YoY. Belarus exported 151,080 tons of petroleum products in 2015 (up 2.57 times YoY) worth $76.4 million (down…
Azerbaijani oil supplies will greatly reduce dependence of Ukraine’s oil refining complex on Russian oil, the Ukrainian Ministry of Energy and Coal Industry Igor Nasalik said. The protocol of intent on the supply of Azerbaijani oil to the Kremenchug refinery has been recently signed by Ukrtransnafta OJSC and Ukrtatnafta PJSC. The cooperation on the oil…
Azerbaijan will launch the construction of several pharmaceutical plants soon, Shahin Mustafayev, Azerbaijani minister of economy, reported. Mustafayev added that at present, Azerbaijan was holding talks on the cooperation in field of pharmaceutics with a number of countries. “The talks on joint medication production are being held with Iran, Turkey and a number of European…
The Azerbaijani-Russian joint pharmaceutical plant will come to full production capacity in 2020, Azerbaijan’s Economy Minister Shahin Mustafayev said. He made the remarks during the plant’s groundbreaking ceremony in the Pirallahi Industrial Park. This is Azerbaijan’s first pharmaceutical plant, said the minister, adding that a 10% share in the joint venture would be owned by…
A 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…
Belarus’ chemical company OAO Grodno Azot said its nitrogen fertilizer exports reduced by 16.2% YoY in January-August 2016 to 215,700 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 38.6% YoY to $94.934 million. The expert attributes shrinking proceeds to the decline in fertilizer prices.…