Russia’s oil production may fall after 2018 if the government keeps the tax burden on the industry, Vagit Alekperov, CEO of oil major Lukoil, said. “I would not like to be some kind of a prophet, but stabilization will be there already in 2017. While in 2018-2019 production will fall”, he said, when asked about…
Private oil companies will join the initiative to limit oil production in the country if Russia makes such a decision, oil major Lukoil CEO Vagit Alekperov said. “We wait for the end of November when precise quotas (of OPEC), a precise validity period of these agreements is defined. We hope this will push oil prices…
Kazakhstan is ready to share its practices in the development of public-private partnership with Belarus, Deputy Chairman of the Board of the Kazakhstan Public-Private Partnership Center Galymbek Mamrayev said. Kazakh experts worked on a technical assistance project in Belarus in April. They analyzed the prospects for the development of PPP in Belarus. “Today we see…
Kazakhstan is interested in advancing cooperation with Belarus in information technologies, Galymbek Mamrayev, Deputy Chairman of the Board of the Kazakhstan Public Private Partnership Center, said. The expert said: “We are now opening our market to IT companies. Belarus is a leader in this field, this is why we expect that cooperation between our countries…
The European Commission has decided to expand access to the European Union (EU) market for some Ukrainian goods, EU Trade Commissioner Cecilia Malmstrom has said. The press service of Ukraine’s Cabinet of Ministers gave this information, referring to a statement of the EU commissioner at a meeting with Ukrainian Prime Minister Volodymyr Groysman. “EU Trade…
Ukrainian Deputy Prime Minister for European and Euro-Atlantic integration Ivanna Klympush-Tsintsadze has estimated the economic impact of a possible increase in EU quotas for Ukrainian agricultural products to reach $200 million. “We received proposals yesterday, and preliminary assessments by our Ministry of Agrarian Policy stand at about $200 million. It is farm produce alone, the…
OAO Belgazprombank will act as an agent bank to secure the execution of an agreement between Belarus government and Gazprombank on financing Belarusian exports to Russia. In accordance with Belarus government resolution No. 769 dated September 27, Belgazprombank will charge a fee of up to 0.02% of the amount to be compensated by Belarus at…