Starting from July 19, for the first time in the history, the Uzbek Commodity Exchange started exchange transactions on the sale of polypropylene. Seller of new products on the stock exchange is UZ-KOR Gas Chemical. Currently, 7 contracts with 1 ton-lots each are open for selling of various grades of polypropylene in the stock market.…
June marked 10 years since Victrex opened its Asia Innovation and Technology Centre (AITC) in Shanghai, a move that has brought the company and its customers together in close collaboration on product development. The successful approach of the AITC includes cooperative fast prototyping as well as design and process optimisation. Centred on PAEK-based solutions such…
Indian pharmaceutical company Bravo Pharmaceuticals Pvt. Ltd. Started construction of the plant on production of ready medicaments at the special industrial-economic zone “Navoi”. Bravo Pharmaceuticals, registered at SIEZ Navoi, will produce medical products in line with the WHO EU GMP standard. The project cost is about $2.6 million. The project will provide jobs for 100…
Tengizchevroil LLP (TCO) announced it had received approval from its partners on the final investment decision for the Future Growth Project and Wellhead Pressure Management Project (FGP-WPMP), the next expansion of the Tengiz oil field in western Kazakhstan, said TCO. FGP-WPMP is currently estimated to cost $36.8 billion, which includes contingency and escalation, said the…
Ukraine increased gas production by 2% YoY in January-May 2016 to 8.391 billion cubic meters (bcm), the Ukrainian Energy and Coal Industry Ministry said. Naftogaz enterprises reduced gas production by 1.1%, to 6.67 bcm, including production of 6.12 bcm by Ukrgazvydobuvannia and a 0.550 bcm by Ukrnafta. Other oil and gas companies operating in Ukraine…
Kazakhstan’s largest oil producer Tengizchevroil (TCO) plans to produce first oil at Tengiz oilfield in 2022. Investments into the project expansion will amount to $36.8 billion, TCO said. The decision was made to finance the next phase of expanding production facilities of the Tengiz oilfield, the company reported. It will comprise the future expansion project…