Business news from Ukraine

Business news from Ukraine

UKRAINE THRESHES 65.1 MLN TONNES OF GRAIN

Ukraine as of November 13 had threshed 65.1 million tonnes of grain and leguminous crops from the area of 14.1 million hectares (95% of the forecast) with the yield being 46.1 centners per ha. According to the website of the Ministry of Agrarian Policy and Food, farmers harvested 34.3 million tonnes of early grain and leguminous crops from 9.9 million hectares with a yield of 34.8 centners per ha, 30 million tonnes of corn from 4 million hectares (87%) with a yield of 75.4 centners/ha, 135,000 tonnes of buckwheat from 107,000 hectares (99%) with a yield of 12.6 centners/ha, 78,000 tonnes of millet from 51,000 hectares (98%) with the yield being 15.4 centners/ha.
In addition, 13.7 million tonnes of sunflower were harvested from 6 million hectares (99%) with a yield of 22.7 centners per ha, 4.3 million tonnes of soybeans from 1.7 million hectares (98%) with a yield of 25.7 centners/ha, and 2.7 million tonnes of rapeseeds from one million hectares with a yield of 26.1 centners/ha.
Sugar beets were threshed in the amount of 12.6 million tonnes from an area of 256,000 hectares (92%) with the yield standing at 492 centners/ha.
Along with harvesting, the autumn sowing campaign is underway. Thus, the farmers have sowed 7.1 million hectares with winter grains with the projected area being 7.2 million hectares, as well as one million hectares of winter rapeseeds (116% of the projected area).

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TWO NEW CHINESE DRILLING RIGS FOR UKRGAZVYDOBUVANNIA ARRIVE IN UKRAINE

Two new drilling rigs with a carrying capacity of 450 tonnes from China’s Sichuan Honghua Petroleum Equipment arrived in Odesa seaport late on Monday, the press service of JSC Ukrgazvydobuvannia has reported.
Ukrgazvydobuvannia Board Chairman Oleh Prokhorenko said that as of 2016, the average age of drilling rigs of the company was 23, and the average age of drilling rigs in Russia was 10 years and in Belarus – nine years.
“Finally, Ukraine has begun to invest in the development of its own gas production, its own drilling fleet and the exploration of its own resources. The arrival of these new drilling rigs is one of many concrete steps that will increase gas production in Ukraine,” he said.
As reported, late 2017, Ukrgazvydobuvannia signed a contract with Bentec GmbH Drilling & Oilfield Systems (Germany) to supply five drilling rigs with a capacity of 450 tonnes (2,000 HP) for $110 million. The first rig was delivered to the company in October 2018.
It is also planned to buy ten Chinese drilling rigs with a capacity of 450 tonnes.

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