A mini thermal power plant worth $8.82 million burning locally available fuel will be built in Volkovysk (Grodno Region) at the expense of credit resources provided by the International Bank for Reconstruction and Development, the Energy Ministry of Belarus reported. They plan to launch the power plant by May 2018. The plan is to install…
Belarus’ exports of oil products dropped by 1% YoY in January-June to 8.86 million tons, Belstat said in a report. In value terms, Belarus’ exports of petroleum products decreased by 35%, to $2.45 billion. Belarus blames the drop in proceeds on the decline in oil prices on the global market. The largest volume of Belarusian…
In January-June Belarus exported 2.25 million tons of oil products to Ukraine, up by 64% YoY, a source in the relevant ministry reported. Belarus’ proceeds from exports of petroleum products to Ukraine grew by only 4% YoY, to $823.4 million, due to the global decline in oil prices. Belarusian petroleum products are shipped to Ukraine…
Azneft production association of Azerbaijan’s state oil company SOCAR plans to drill 11 new wells by the year end at the Gunashli and Chilov offshore fields, said a SOCAR message posted on its website. SOCAR plans to drill seven wells at shallow-water part of the Gunashli field and four wells at the Chilov field, which…
At least 50,000 tons of Tash-Kumyr coal valued at 137.5 million soms will be purchased for Bishkek HPP, Electric Stations JSC reported. The company announced another tender for the purchase of fuel. The previous tender was canceled due to the fact that the committee members had questions as to coal caloric value. The procuring entity…
Yuzgas B.V. (the Netherlands), which won the tender for an investor in the production sharing agreement (PSA) for hydrocarbons extraction on Yuzivska field (Donetsk and Kharkiv regions), has undertaken an investment of $200 million in geological exploration during the first five-year phase of the PSA. “In particular, during the first year the sum will be…
National Energy Company Ukrenergo saw 292.681 million UAH of net profit in 2015 compared to 1.94 billion UAH of net loss a year ago, according to an audited report posted on the company’s website. Revenue grew by 74.5% in 2015, to 5.5 billion UAH, and pretax profit totaled 395.326 million UAH compared to 2.264 billion…