Turkmenistan to open railway to Afghanistan in November 2016

Turkmenistan’s President Gurbanguly Berdimuhamedov held a meeting dedicated to the upcoming commissioning of the first phase of the transnational railway trunk: Asia international railway transportation corridor, the Turkmen government said in a message

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Turkey to further support Trans-Caspian route

Turkey will continue its support for the Trans-Caspian International Transport Route in order to keep it preferable for carriers, Ahmet Arslan, Turkey’s minister of transport, maritime affairs and communications, said

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Turkey to produce new satellites for Azerbaijan

Turkey is ready to produce low-orbit (LEO) and gestational (GEO) satellites for Azerbaijan, as soon as the operating time of Azersky and Azerspace-1 spacecrafts expires, the Minister of Transport, Maritime and Communications of Turkey Ahmet Arslan said

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Azerbaijan: SGC excellent example of new energy source

The Southern Gas Corridor is an excellent example of a new source of energy for Europe, Vice-President of EU Commission in charge of Energy Union Maros Sefcovic said

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Russia: Sea Launch floating spaceport’s new owner planning 10-12 launches in first 5 years

S7 Group, the new owner of the Sea Launch floating spaceport, intends to carry out 10-12 launches in the first five years after the resumption of the spaceport’s work, CEO of S7 Space Transport Systems Sergei Sopov reported

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Russia: Novatek gas output down in January-September 2016

Russian independent gas producer Novatek decreased its gas production by 0.3% YoY to 49.95 billion cubic meters in January-September, the company said in a statement

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Russia: sanctions accounted for in 2017-2019 budget draft

The Russian government will factor in continuing sanctions against the country in the 2017-2019 budget draft, Prime Minister Dmitry Medvedev said

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Russia: production of the unique SR-10 jet trainer to start in 2017

The Russian company Modern Aviation Technologies (KB SAT) plans to begin production of the new SR-10 single-engine light aerobatic jet trainer aircraft in 2017

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Russia expects oil output cut deal by OPEC November meeting

Moscow sees the forthcoming negotiations with OPEC during an energy summit in Istanbul as an important step to an oil production cut agreement and expects that it will be reached before a November meeting of OPEC, Russian Energy Minister Alexander Novak reported

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Russia: UEC delivers over 100 RD-33MK aircraft engines to India’s navy

More than 100 Russian-made RD-33MK turbojet engines have been delivered to India’s Navy, the press office of Russia’s United Engine Corporation (UEC) said

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Russia: consolidated budget deficit up in January-August 2016

Russia’s consolidated budget deficit increased by 6.1% to 904.046 billion rubles in January-August. Budget revenues stood at 17.198 trillion rubles as of September 1, and spending amounted to 18

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Russia: RDIF not to partake in privatization of Bashneft

The Russian Direct Investment Fund (RDIF) and its partners have refrained from participation in privatization of a 50.08% stake in oil company Bashneft as the price is too high, RDIF CEO Kirill Dmitriev reported

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Russia: Rosneft to buy 19.5% in itself

Russian state-owned oil major Rosneft may buy 19.5% in itself during privatization, Vice President Mikhail Leontyev said. “The corporation is seriously studying the possibility of buying its shares from the owner, I mean the government”, he said

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Russia: Alrosa sells $435 million worth of diamonds in September 2016

Russian diamond mining giant Alrosa sold $435.1 million worth of diamonds and $18.9 million of cut diamonds in September, the company said in a statement

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Russia: launch of manned Soyuz MS-02 spacecraft put off

Russia’s government commission has put off the launch of a Soyuz-FG flight vehicle with the Soyuz MS-02 spacecraft to October 19, the press service of the Russian state space corporation Roscosmos said

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Russia: Roscosmos earns 6-month profit of 6.5 billion rubles

In the first half of 2016, the enterprises of Russia’s Federal Space Agency (Roscosmos) earned a profit of 6.5 billion rubles, Igor Komarov, the head of Roscosmos, said

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Azerbaijan: Poland joins TCITR

Poland’s rail operator PKP LHS has become a member of the Coordination Committee of the Trans-Caspian International Transport Route (TCITR), Azerbaijan Caspian Shipping CJSC reported

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Azerbaijan: passenger traffic through TRACECA sector up in January-August 2016

The Transport Corridor Europe-Caucasus-Asia (TRACECA) transported some 229.5 million passengers through Azerbaijan’s territory in January-August 2016, up by 2

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World: OPEC chief to discuss non-OPEC production cut with Russia

OPEC’s most senior official will discuss the possible participation of Russia in an OPEC production cut, officials in the group said, as the cartel sought to bolster a landmark deal in Algiers

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Russia: new terminal at Gelendzhik Airport to open in 2018

Russian airport operator Basel Aero has signed an agreement with Gelendzhik authorities to construct a new terminal at Gelendzhik Airport, which is scheduled to open at the end of 2018

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Russia: new targeting system to double range of Pantsir air defense system

The upgraded Pantsir-SM combined surface-to-air missile and anti-aircraft artillery weapon system, equipped with a multifunctional targeting system, will be able to destroy targets 40 kilometers away – twice the range of the current configuration, the first deputy CEO, chief designer of the Instrument Design Bureau KBP in Tula (an affiliate of Rostec) Alexander Khomyakov reported

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Russia: naval aviation of the Black Sea Fleet receives new Su-30SM fighter

The separate naval aviation regiment of the Black Sea Fleet has received the ninth Su-30SM fighter. The fighter’s crew has passed a training course in the Yeysk training center and has already started performing combat training tasks

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Belarus: Minsk ready for compromise in energy talks with Russia

Belarus is ready for a compromise in energy disputes with Russia, President Alexander Lukashenko said. “We are sensible people and we are ready for compromises, but they must be honest”, Lukashenko said

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Russia: freeze on RD-180 rocket engine supplies to US to follow

Russia may freeze the export of RD-180 rocket engines, as well as components for high-tech industries to the United States in retaliation for unfriendly policies, the first deputy chairman of the State Duma’s economic policy and industry committee Vladimir Gutenev has suggested

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Azerbaijan: Islamic microfinance fund to be created

The Islamic fund on microfinance might be created in Azerbaijan, a source on the country’s finance market reported. The source said that the issue was being discussed by Azerbaijan’s microfinance organizations

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Azerbaijan: Mahan Air to launch flights to Baku

Iranian Mahan Air airline will launch regular flights on Tehran-Baku-Tehran route from October 31, press service of Heydar Aliyev International Airport reported

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Indonesia to buy Russian-made helicopters

Jakarta plans to purchase Russian-made helicopters in order to use them in the province of West Java in particular, Indonesia’s ambassador to Russia Wahid Supriyadi said

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Russia: Fitch Ratings affirms the credit rating of Domodedovo Airport at ‘BB+’

On September 28, the credit rating of Moscow Domodedovo Airport was affirmed at the same level, which evidences sustainability of the airport’s business model in challenging market conditions

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Azerbaijan: export support mechanisms touch only non-oil sector

Mechanisms to support the export of Azerbaijani products will apply only to goods produced in the non-oil sector, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov reported

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Azerbaijan: electricity output down in January-September 2016

Power plants of the Azerenergy JSC, Azerbaijan’s main electricity producer, generated 16.5 billion kilowatt hours of electricity in January-September as compared to 16

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China: list of Russian grain exporters and storages approved

China has approved a list of Russian wheat, corn, rice, soy and rapeseed exporters and grain storage facilities, Russia’s Federal Service for Veterinary and Phytosanitary Oversight said in a statement

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Belarus: Belavia ends scheduled Tu-154M operations

Belavia has withdrawn its last two active Tu-154Ms from scheduled passenger service as of October 1. The type’s last regular flight was Minsk National-Gomel

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Azerbaijan: Azersun to use more local raw materials in production

Azersun Holding Group of Companies plans to bring the share of Azerbaijani raw materials in production at its enterprises to 40-50% this year, Abdolbari Goozal, chairman of the holding’s supervisory board, said

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Azerbaijan: investors to build petrochemical plant in Turkey

Azerbaijani investors aim to build a petrochemical plant in Turkey’s eastern province of Van province’s governor Rahmi Dogan reported

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Azerbaijan to introduce export duties on hides

Customs duties on the export of hides will be introduced in Azerbaijan for 5 years, according to the decision of the country’s Cabinet of Ministers published in the Azerbaijani official press

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Azerbaijan to discuss oil production freeze with OPEC

Azerbaijan’s Energy Minister Natig Aliyev will take part in an informal meeting of the OPEC member states and non-members of the organization within the framework of the 23rd World Energy Congress in Istanbul, Azerbaijan’s Energy Ministry reported

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Azerbaijan: all North-South project members join cargo transportations

All countries involved in the North-South Transport Corridor project have connected to the cargo transportation process, reads the message of the ADY Express company, logistics operator of Azerbaijan Railways CJSC

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