International Finance Corporation (IFC) is considering the possibility of financing the Southern Gas Corridor project, IFC representative in Azerbaijan Aliya Azimova said. She pointed out that this project was of great importance for the entire region. “We constantly follow the ongoing processes in this project and systematically connect with its main participants. However, for the…
Construction of a pipeline through Greece for supplies of Russian gas to Europe is a purely economic project and Athens is determined to implement it as soon as possible, Special Adviser to the Greek Prime Minister Dimitris Velanis said. “We will certainly go for implementation of the project. And Europe knows it”, he said. The…
China’s investments into the construction of multi-storied apartment buildings in Belarus in 2016-2017 will total 700 million yuan (RMB), Belarus’ Vice Minister of Architecture and Construction Alexander Kruchanov said in a statement. According to him, Belarus is currently short of finance for housing construction and China’s gratuitous aid will somehow improve the situation. Chinese investors…
Belarus’ largest cement producer OAO Krasnoselskstroymaterialy has implemented a new cement drying technology based on burning dried, cut and separated peat, the Energy Ministry of Belarus reported. The new fuel will save the cement producer an estimated $2.5-3 million. In 2015 the company started using peat in the framework of an import substitution project. In…
Russia welcomes the decision of Saudi Arabia to develop the use of civilian nuclear technologies that is part of the kingdom’s development strategy by 2030, Russian Energy Minister Alexander Novak said. Moscow is interested in participation in Saudi Arabian projects related to nuclear power sector, the minister said. “We support the Saudi Arabian initiative aimed…
The Turkish Tekfen Insaat ve Tesisat A.S will conduct the electromechanical work as part of the construction of Star refinery in Turkey, Turkey’s Public Disclosure Platform said in a message. According to the message, the work is planned to be conducted within 17 months. The annual naphtha production volume, used by Petkim (where the Azerbaijani…
Ambassador of the Republic of Tajikistan in Japan Hamrokhon Zarifi took part in the event dedicated to the measures for the management of seismic risks and technology of Japan. The event was organized by the Ministry of land, infrastructure, transport and tourism jointly with the Ministry of Foreign Affairs of Japan with participation of Japanese…