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…
PJSC «Nizhnekamskneftekhim», in cooperation with the enterprises of Tatarstan, is mastering a new development in production i.e. the production of bimodal polyethylene for power cable sheath. Nizhnekamsk polyethylene can be used as an alternative to imported materials in the production of power cables. These are the results of comparing the quality indicators of the polyethylene…
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.…
Residents of the Sumgait Chemical Industrial Park (SCIP) will start production in 2017-2018, Azerbaijan’s Deputy Economy Minister Niyazi Safarov reported. Safarov said that one of SCIP’s biggest residents SOCAR Polymer would begin test production in the second half of 2017 and would reach its full production capacity in 2018. The creation of industrial zones is…
Public joint-stock company Ukrnafta saw 427 million UAH of net profit in January-September, down by 89.5% YoY, the company has said in a report. According to Board Chairman Mark Rollins, the indicator for January-September should be revised for the correct calculation of the profit pace. The cross clearing transaction is to be taken into account;…
Zhitkovichikhimservis Company, which implements a pilot project to produce highly efficient organic fertilizers through advanced sapropel processing, has received modern equipment for sapropel processing. The equipment transfer was facilitated in the framework of the Green Economy Project run by the European Union and the UNDP. The equipment transferred during a special ceremony on October 20,…
Ukraine’s biggest pharmaceutical company Indar plans to build a medicine plant in Azerbaijan, Ukrainian Ambassador to Azerbaijan Alexander Mishchenko said. He made the remarks on October 20,during a tourism forum in Baku. Mishchenko noted that the company was in negotiations in Azerbaijan and the share in the enterprise would be divided 50-50. (Trend/Business World Magazine)