Some 404.1 million tons of oil and 123 billion cubic meters of associated gas have been produced at the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea since November 1997, First Vice President of the Azerbaijan’s state oil company SOCAR Khoshbakht Yusifzade said. He said that the…
Russia’s oil company Gazprom Neft has 130,000 tons of crude oil processed on the give-and-take basis at Mozyr NPZ oil refinery in H1 2016, down by 35% YoY. Gazprom Neft has been supplying crude to Mozyr NPZ in accordance with the export schedule. The oil is shipped to Mozyr NPZ and the latter produces oil…
The Economic Court of Brest Region has started bankruptcy proceedings regarding Brest Household Chemicals Plant, the Finance Ministry of Belarus said in a release. The country’s largest manufacturer of household detergents, perfumery and cosmetics, Brest Household Chemicals Plant earned a net loss of Br406.9 million ($209.958 million) in Q1 2016. (Prime-TASS/Business World Magazine)
Belarus’ proceeds from oil product exports dropped by 35.3% YoY in January-June to $2.457 billion, a government source reported. In physical terms, Belarus’ oil product exports decreased by 1.5% YoY, to 8.869 million tons. The decline in proceeds from oil product exports results in the first place from the plunge in global prices of oil…
Belarus’ proceeds from exports of petroleum products to Latvia grew by 55% YoY in January-June to $57 million, a source in the profile ministry reported. Belarus exported 154,235 tons of petroleum products in January-June to Latvia, up by 85% YoY. (Prime-TASS/Business World Magazine)
Auchan Retail Russia, a local unit of French retailer Auchan, plans to open up to 20 Lillapois Beauty cosmetics stores per year with annual investments amounting to about 400 million rubles, Eric Didierdefresse, the project’s head, said. The first Lillapois Beauty store opened in Moscow on August 19, and two more shops will be open…
Tajikistan has reportedly increased manufacturing of oil products over the first seven months of this year. According to the Agency for Statistics under the President of Tajikistan, about 70,000 tons of oil products have been manufactured in Tajikistan in January-July, up by 30.3% YoY. The agency attributes the increase in the volume of oil products…