Ukraine: Kyivenergo net loss up in H1 2016

Public joint-stock company Kyivenergo (Kyiv) saw a 38% rise in net loss in January-June YoY, climbing to 752.21 million UAH. According to a company report, its net revenue in H1 2016 grew by 20

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Ukraine: Ukrnafta sees 10.1 million UAH in net loss in H1 2016

Public joint-stock company Ukrnafta, Ukraine’s largest oil producer, saw 10.09 million UAH of net loss in January-June compared to 3.91 billion UAH of net profit a year ago

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Ukraine: Ukrzaliznytsia head seeks to bring UZ Cargo International brand to market in six months

Board Chairman of Ukrzaliznytsia Wojciech Balczun has said that international operations of the company should be stepped up. He seeks to create the UZ Cargo International brand within six months, Balczun wrote on his Facebook page, commenting on the board’s action plan presented to the Infrastructure Ministry by him on July 25

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Ukraine: Dutch firm to invest in shale gas field

A winner of the competition was selected to become investor for the implementation of the Agreement on the distribution of hydrocarbons extracted from the Yuzovsky field, the press service of the state-owned enterprise Nadra Ukrainy has reported, which is a stakeholder of Nadra Yuzovsky PLC, founded to implement the project of finding and mining under the agreement on the distribution of hydrocarbons extracted from the Yuzovsky field

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Ukraine: over 24 million tons of grains harvested

As of July 26, agrarians harvested 24.78 million tons of early grains and pulses throughout the areas of 6.71 million ha, or 69% of the plan (9

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Ukraine to have enough gas for winter

CEO of the national oil and gas company Naftogaz Andrei Kobolev has pledged the country will have enough gas in the coming winter. “As of now, the country’s underground gas storage facilities hold about 10

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Turkey ready to start building first line of Turkish Stream project

Turkey is ready to initiate construction of the first line of the Turkish Stream gas pipeline project, Turkish Economy Minister Nihat Zeybekci said

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Iran: Taban Air launches Tehran-Astrakhan direct flight

Taban Air CEO has announced the operation of a new flight path between Tehran and Russia’s Astrakhan. Founder and CEO of Taban Air Airline Company Asghar Abdollahpour made the announcement saying “the airline will operate flights once a week on a regular basis in order to facilitate commutes of Iranian and Russian businessmen”

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Russia: Syrian Air Force receives Su-24M2 bombers

Armed forces of the Syrian Arab Republic received the new Su-24M2 all-weather attack aircrafts from Russia. The upgraded Su-24M2 front-line bombers were transferred from presence of Aerospace Forces of the Russian Federation within rendering military and technical assistance to the Syrian Army in fight against the terrorist group “Islamic State”

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Ukraine: Sumy city obtains 850 energy saving street lamps from UNDP

Sumy, city in northeastern Ukraine, has received 850 energy efficient street lighting system lamps from UNDP for modernization of street lighting

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Russia: work of the Russian-Turkish commission on trade and economic cooperation resumed

Russia resumes activity of the joint intergovernmental Russian-Turkish commission on trade and economic cooperation. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree of the Government #706 dated July 22, the Ministry of Economic Development reported

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Russia approves of loan to finance construction of NPP Ruppur in Bangladesh

Russia and Bangladesh have signed an intergovernmental agreement on the allocation of a state loan to finance the main stage of the construction of the Ruppur nuclear power plant in Bangladesh, Atomstoyexport (ASE) said in a press release

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Russia: air defense missile system in the northwestern strategic area up

The efficiency of Russia’s air defense system in the northwestern strategic area has grown 1.5 times over the past three years, Russian Defense Minister Sergei Shoigu said

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Russia: Rosneft redeems $1 billion Eurobonds

Rosneft Finance S.A. (a subsidiary of Russian state-owned oil company Rosneft) has redeemed second series Eurobonds worth $1 billion, the company said in a statement

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Russia: Rosmorport and MSC GROUP discuss sea terminal construction in the city of Pionersky

FSUE “Rosmorport” and “MSC GROUP”, Italian holding company, discussed the “Construction of Sea Terminal in the City of Pionersky” project

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Russia: Rosmorport’s Arkhangelsk Branch Ice Pilots escort 15 vessels of Jan De Nul to the Gulf of Ob

On July 4 to 17, the Arkhangelsk Branch Ice Pilots escorted a caravan consisting of 15 vessels of the Jan De Nul company dredger fleet to the Gulf of Ob of the Kara Sea, says Rosmorport

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Russia: new TSHD Sommers commences dredging at Makhachkala seaport

The Sommers, lead ship of TSHD 1000 design, built for FSUE Rosmorport, commenced operations at the seaport of Makhachkala on July 23. Rosmorport says the dredger will perform the most urgent maintenance dredging to debottleneck the access channel and the basin of the port’s oil harbor

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Moldova expecting higher sunflower crop

After the high results of 2015, Moldavian farmers decreased sunflower sowing area for the new harvest of 2016/2017, but not because of the lowering interest in this crop

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Russia: LUKOIL commissions Phase I power supply at Usinskoye field

PJSC LUKOIL has commissioned Phase I of the auxiliary power supply plant in the Republic of Komi. The 100 MW power plant is designed to satisfy the growing need in power at the Denisovsky license area and will increase utilization of associated petroleum gas

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Russia: Korsakov-Wakkanai ferry link to resume operation in August 2016

Ferry service linking Korsakov (Sakhalin) and Wakkanai (Hokkaido) will start operating on August 1, 2016. Cross border transportation of passengers between the islands will be resumed by the order of the Sakhalin Region Governor, says the press center of the regional government

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Kazakhstan: oilseed stocks down

As of July 1, oilseed stocks totaled 260.5 KMT, down by 61.3 KMT YoY (321.8 KMT). Thus, availability of sunflower seeds grew by 10.7 KMT to 104

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Russia: Kandalaksha Bay VTS obtains Certificate of Compliance

On the results of Inspection Commission work, FSUE “Rosmorport” obtained Certificate No. 16.01867.315 dated 29.04.2016 of compliance of the Kandalaksha Bay with requirements for VTS of the 2nd category, says Rosmorport

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Russia to increase grain export volumes

In several following months, Russia will continue increasing the export shipments of grains, which will reach their peak in August-September period, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky announced on July 26

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Russia to get the record grain harvest in 16 years

Experts of Rusagrotrans CJSC increased their estimations of the general grain harvest in Russia in the current year to 113 million tons, as opposed to 110 million tons of the previous forecast, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky declared on July 27

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Russia: CTSP H1 2016 operating results

In the first half of 2016 JSC “Container terminal Saint-Petersburg” (CTSP, member of UCL Holding) handled 288,2 thousand TEU, exceeding the last-year result by 66,5%, says CTSP

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Russia: Azov region experiences demand swings due to events in Turkey

In the Azov Sea basin grain freight rates continue to grow. At the same time, their growth potential was somewhat limited by events in Turkey and concerns about safety of merchant shipping in the region, which caused some pause in trade

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Russia: Bashneft oil production up in H1 2016

Oil production of Bashneft in the first half of 2016 increased by 10.9% YoY, to 10.58 million tons, the company said in a statement. “During the six months of 2016, Bashneft produced 10

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Ukraine: Darnitsa pharmaceutical firm net profit down in H1 2016

Private joint-stock company Darnitsa pharmaceutical firm (Kyiv) saw a 48.9% fall in net profit in January-June YoY, to 144.29 million UAH. Its net revenue grew by 19

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