Uralkali in association with Uralchem, have presented a new joint project at the Khimia-2016 exhibition – production of granular amines. Granular amines are unique for the Russian chemical industry; they are intended to replace imported analogues in the domestic market. This is one of the basic reagents used in the flotation method of processing of…
Kazakhstan plans to increase oil production to 79.5 million in 2017 and to 86.5 million tons in 2021, according to the 2017-2021 socio-economic development outlook, the Kazakh National Economy Ministry reported. In the baseline scenario, the oil price is expected at $35 per barrel in 2017-2019, with an increase to $45 per barrel by 2021.…
Belarus’ chemical company OAO Grodno Azot manufactured Br885.5 million worth of chemical products ($452.71 million) in January-August, up by 3.8% YoY, the company said in an official report. OAO Grodno Azot’s nitrogen fertilizer output stood at 552,612 tons (in terms of 100% nitrogen) in January-August, down by 0.2% YoY; carbamide output increased by 0.9% to…
Arterium Corporation (Kyiv) has acquired Marifarm pharmaceutical company (Maribor, Slovenia) from Slovenian bank Nova KBM (NKBM). The bank has not disclosed the amount of the transaction. According to unofficial information from Maribor’s local edition Vecer, it is estimated at 6.8 million euro. Arterium and Marifarm intend to jointly explore new possibilities of development of pharmaceutical…
Global oil demand growth is slowing at a faster pace than initially predicted, and supply will continue to outpace demand at least through the first half of next year, the International Energy Agency (IEA) said in a report. “Our forecast in this month’s Report suggests that this supply-demand dynamics may not change significantly in the…
The Star oil refinery in Turkey owned by the Azerbaijani state oil company SOCAR plans to complete construction of the oil receiving marine terminal before late 2016, Director General of the refinery Ibrahim Palaz said. “All the major work concerning the terminal will be completed until the end of 2016”, Palaz said. “The two other…
Russia’s state-owned Rosneftegaz, which holds the government’s stake in oil major Rosneft, has applied to the Economic Development Ministry with a proposal not to change a tax burden on the oil industry over the next three years. This is not a proposal to suspend an oil tax maneuver. Rosneftegaz seeks that stabilization of the tax…