Interpipe has for the first time produced pipes for offshore operations – extraction of gas at underwater deposits. According to the company press service, a Turkish customer is using the pipes in the projects of South Akcakoca Sub-Basin (SASB) deposits in the Black Sea. As the deposit is located at the shallow water, the Interpipe…
To prepare the heating generation for the summer peaks of consumption and the coming heating season, since the beginning of the year, DTEK Energo has commissioned seven new coalfaces, including two in May. “In summer and during heating seasons the pressure on heating generation traditionally grows, so we maintain the corresponding rhythm of work. Extraction…
Kazakh Prime Minister Olzhas Bektenov has held a meeting with Liu Yongxing, founder and CEO of East Hope Group. The parties discussed the prospects for the project of creating a vertically integrated industrial park in Kazakhstan. The park will specialize in ferrous metals production based on circular economy principle. The goal of the project is…
The state enterprise Navoiyuran has announced its preparations for the first issuance of eurobonds with a volume of up to $300 million. According to the company’s press service, the placement will be organized with the participation of a consortium of international underwriting banks – Citigroup, Abu Dhabi Commercial Bank (ADCB) and Natixis. Ahead of the…
During discussions on Armenia’s 2024 state budget execution in the National Assembly, Minister of Economy Gevorg Papoyan reported that in 2024, gold re-exports accounted for nearly 50% of the country’s total exports. Responding to a question from Armenia bloc MP Tadevos Avetisyan, Papoyan clarified that total exports in 2023 stood at $8.5 billion, or $6.8…
In Kirovograd region, situation at the Vostochniy Mining and Processing Works mines is getting critical, the chairman of the Independent Miners’ Union of Ukraine Mikhail Volynets has said. According to him, due to the cut of electricity by Ukrenergo, the operation of the ventilation and water pumping at the mines stopped, in particular, at the…
Kazakhstan is among the top ten countries with the largest coal reserves in the world, according to the Ministry of Industry and Construction. “Today, we have 33.6 billion tons of coal reserves. This is data obtained during geological exploration. Kazakhstan is among the top ten countries in the world in terms of coal reserves. Our…
The EU Council has extended the preferential trade regime for Ukraine’s iron and steel products beyond June 6. This decision aims to support the Ukrainian economy, which has suffered significant losses due to the armed aggression of the russian federation. “The extension of the preferential regime for Ukrainian steel and iron by the EU is…