VTB Bank is going to grant Amuragrocenter Ltd (Amursk region) a credit line of 400 million rubles for construction of soybean oil extraction plant on the territory of advanced development of Belogorsk. First funds from the bank were granted for this project in July 2015. Total sum of the project is 5.8 billion rubles. Project…
Construction of a power line of 500 kilovolts is under consideration for ensuring the electricity supply from Turkmenistan to Pakistan. The route of the new electricity grid will run in parallel to the route of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. Moreover, work is underway on constructing Mary – Sarakhs – Mashhad (Turkmenistan-Iran) overhead power transmission line…
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…