Ukraine to discuss cargo tariffs with Azerbaijan and Georgia

The management of “Ukrainian Railways” intends to discuss with colleagues from Georgia and Azerbaijan cargo tariffs through the territory of countries in the framework of the project “Silk Road”, Ukraine’s Infrastructure Minister Vladimir Omelyan said

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Azerbaijan: SOCAR to issue dollar bonds for citizens

Azerbaijan’s state oil company SOCAR will issue US dollar bonds for Azerbaijani citizens from September 20, said the company’s website

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Ukraine: POSCO interested in cooperation with Chornomorsk port

The attraction of new cargo flows and opportunities of investing into port infrastructure have been discussed by representatives of large South Korean companies POSCO and POSCO Daewoo and top managers of Chornomorsk port (earlier Ilyichivsk seaport, Odessa region)

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Turkey: Star refinery’s oil receiving terminal to be ready soon

The Star oil refinery in Turkey owned by the Azerbaijani state oil company SOCAR plans to complete construction of the oil receiving marine terminal before late 2016, Director General of the refinery Ibrahim Palaz said

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Ukraine to earn $200-400 million from privatization of Ukrspyrt

Ukraine would be able to earn from $200 million to $400 million from privatization of state-run enterprise Ukrspyrt, Agricultural Policy and Food Minister of Ukraine Taras Kutoviy said

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Estonia: Tallink to carry out major rerouting in December 2016

AS Tallink Grupp says it is going to carry out rerouting of cruise ferries on 2 routes, placing Baltic Queen from Tallinn-Helsinki to Tallinn-Stockholm route and Romantika to Riga-Stockholm route

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Russia: throughput of Neva-Metal flat in January-August 2016

In January-August Neva-Metal CJSC (stevedoring company of Severstal) handled about 2.1 million tons of cargo, which is similar to the result of January-August 2015, the company reported

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Russia: throughput of Port Kavkaz up in January-August 2016

In January-August Port Kavkaz handled 19,232,000 tons (up by 12% YoY), Harbour Master of port Kavkaz Yevgeny Tuzinkevich said. Off-harbor transshipment complex handled 5,511,000 tons of export cargo (down by 21% YoY)

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Latvia: throughput of Port Riga down in January-August 2016

In January-August the Freeport of Riga handled 23,872,900 tons of cargo (down by 10.8% YoY). Coal transshipment fell by 19.2% to 7,963,300 tons, oil products – by 18

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Estonia: throughput of Port Tallinn down in January-August 2016

In January-August the Port of Tallinn handled 13.97 million tons of cargo (down by 8.2% YoY). According to the Port Authorities, transshipment of containers and liquid bulk cargo dropped by 5

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Turkmenistan: electricity supply to Afghanistan up

Turkmenistan is increasing the electricity supply to neighboring Afghanistan, said Turkmenistan’s President Gurbanguly Berdimuhamedov in his message to the participants of the international energy conference in Ashgabat

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Turkmenistan to export electricity to Pakistan

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

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Russia: Rosneftegaz asking not to change oil tax burden

Russia’s state-owned Rosneftegaz, which holds the government’s stake in oil major Rosneft, has applied to the Economic Development Ministry with a proposal not to change a tax burden on the oil industry over the next three years

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Russia: 8 cruise ships welcomed at Passenger Port of Saint Petersburg

On September 5-11, Passenger Port of Saint Petersburg received 8 cruise ships with 8961 passengers. The total berth time of the ships is 16 ship-days, total amount of passenger operations – 66011

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Russia: OPEC improves 2016 oil output forecast

OPEC has raised the forecast for Russia’s 2016 daily oil output by 20,000 barrels and now expects the daily output to grow by 140,000 barrels to 10

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Russia: firefighting tugboat of Project TG-17 built at Okskaya Shipyard

On September 9, Okskaya Shipyard (part of UCL Holding) launched the Penai, tugboat of Project TG-17 being built to the order of Rosmorrechflot’s Marine Rescue Service, the shipyard says in a press release

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Russia: Moody’s sees economy rising in 2017

International rating agency Moody’s expects the Russian economy to rise by 1.5% in 2017 after a 1% fall in 2016, the agency said in a statement

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Kazakhstan: KazTransOil’s turnover to decline in medium term

The international rating agency Fitch Ratings has affirmed Kazakhstan-based JSC KazTransOil’s (KTO) Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook, the rating agency reported

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Russia: Kaliningrad Railway to launch 40-foot container train from Gdansk to Moscow

Kaliningrad Railway is looking into launching a train for 40-foot containers from the Port of Gdansk (Poland) to Moscow and other regions of Russia via the Kaliningrad region, Victor Golomolzin, head of Kaliningrad Railway, said

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Russia: High-Voltage Transformers to deliver transformers to ZapSybNeftekhim

The joint venture of Power Machines and Toshiba will deliver transformer equipment for a 500 kV substation of ZapSybNeftekhim, a fuel and petrochemical refinery under construction in Tobolsk (part of SIBUR Holding PJSC) – Russia’s most ambitious petrochemical project

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Azerbaijan: IFC considers funding Southern Gas Corridor project

International Finance Corporation (IFC) is considering the possibility of financing the Southern Gas Corridor project, IFC representative in Azerbaijan Aliya Azimova said

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Russia: hard-to-recover oil accounts for 65% of oil reserves

The share of hard-to-recover oil in Russia’s reserves has reached 65% of the total volume, according to a draft 2030 strategy for development of the country’s mineral resource base released by the Federal Mineral Resources Agency

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Greece determined to build pipe to pump Russian gas to Europe

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

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Azerbaijan: GCCA to help expand agribusiness potential

The Global Cold Chain Alliance (GCCA) is prepared to help Azerbaijan expand the potential of agribusiness and make Azerbaijani agricultural products reach domestic and foreign markets, GCCA Vice President of International Programs Richard Tracy said

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Kazakhstan: foreign investments up in January-July 2016

Kazakhstan’s economy attracted more than 1.3 trillion tenges in foreign investment in January-July, up by 25% YoY, Ranking.kz analytical service said in its report

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Russia: Ferryboat Baltijsk to resume operations at Ust-Luga-Baltijsk line in September 2016

Ferryboat Baltijsk is planned to be returned to Ust-Luga-Baltijsk line in September, Andrei Moshkov, Deputy Director General of Rosmorport’s North-West Basin Branch referring to ferryboat operator Trans-Exim Ltd

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Belarus reporting $64.3 million foreign trade surplus in January-July 2016

Belarus’ foreign trade surplus totaled $64.3 million in January-July compared to a $974.3 million surplus in January-July 2015, the National Bank of Belarus said

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Belarus needs clear goals to cut state-owned economy

Belarus should make a commitment and set clear goals to reduce the share of state-owned economy and enhance management in the public sector. Galina Yaschenko, Project Manager at McKinsey&Company, made this statement on September 8, at a roundtable conference dealing with the findings of a survey, which sought to find solutions for creating a more effective system of state property management in Belarus

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Russia: ACRA sees GDP up over next 5 years

Russia’s recession is not over yet and the gross domestic product (GDP) growth will be limited to 1-1.5% over next five years even if oil prices are high, the Analytical Credit Rating Agency (ACRA) said in a revised economic forecast until 2020

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Ukraine: Antonov halts production due to broken ties with Russia

Ukrainian aircraft producer Antonov has suspended jet production due to halted cooperation with Russia, Andrei Khaustov, deputy director of the company’s department for advanced development, said

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