Russia does not see a necessity to limit oil production at current prices, but is open for discussion, Energy Minister Alexander Novak said. “We are always open for discussion, for monitoring the situation, everything will depend on whether there is feasibility”, he said. “In my opinion, now prices are at around $50 (per barrel) –…
Russia must take efficient measures to prevent sales of counterfeit pharmaceuticals, Prime Minister Dmitry Medvedev said at a meeting of a presidium of the Presidential Council for Strategic Development and Priority Projects. “Moreover, we should prevent our people from buying counterfeit pharmaceuticals. This is a real threat to life. We need efficient measures to control…
The Ukrainian government with the support of Prime Minister Volodymyr Groysman has approved of changes to the method of evaluating objects to be privatized, proposed by the State Property Fund (SPF), which will reduce the starting price of Odessa Port-side Chemical Plant. “I believe we should allow the SPF to put the plant up for…
Belarus will reduce export duties on oil and oil products exported outside the customs territory of the Eurasian Economic Union on September 1. The decision is contained in Council of Ministers’ executive order No. 689 of August 30, the press service of the Belarusian government reported. The export duty on crude oil will go down…
Belarus’ proceeds from potash exports fell by 38.3% YoY in January-June to $896.215 million, Belarus’ National Statistics Committee (Belstat) said in an official report. Potash export proceeds decreased as a result of a 22.19% drop in the physical volume of Belarusian potash supplies to 2.31 million tons (in terms of 100% potassium chloride). The average…
The price of Russian crude oil supplies to Belarus dropped by 25.4% YoY in January-June to $208, Belarus’ National Statistical Committee (Belstat) said in a report. Belarus’ expenditures on crude oil imports from Russia decreased by 24.8% YoY to $2.398 billion. In H1 2016 Belarus purchased 11.522 million tons of Russian crude, up by 0.9%…
National Iranian Oil Company (NIOC) has signed oil contracts with a range of companies, including Russian oil producer Lukoil. Other companies included OMV, Total and Pertamina. Earlier in August, Russian ambassador to Iran Levan Dzhagaryan said Lukoil was considering development of two deposits near the Iranian city of Ihvaz. (Prime/Business World Magazine)