Canadian-based Tenaz Energy Corp. is interested in the implementation of projects for the development of hydrocarbon areas in Ukraine, head of the State Service of Geology and Subsoil of Ukraine Roman Opimakh said on Facebook after a meeting with executive director of the company Anthony Marino in Kyiv. “Special attention (on the part of Tenaz Energy Corp. is paid to the facilities, where production was suspended due to a sharp drop in the production rate of wells that are not being developed now,” Opimakh said with reference to Marino.In turn, the head of the service informed the representative of the Canadian company about the existing proposals in the field of hydrocarbon development in Ukraine, as well as about possible ways to implement business projects.“The service has prepared and published in the investment atlas of a subsoil user 50 objects with oil and gas deposits for electronic auction. This is more than 6,000 square kilometers throughout Ukraine, including areas with approved reserves and green fields,” Opimakh explained at the meeting.According to him, it is possible to obtain the right to explore and develop by purchasing special permits at electronic auctions, which the service regularly conducts on the ProZorro.Sale platform.He also informed the Canadian investor about the possibility of Tenaz Energy Corp.’s entering the existing farm-in subsoil use projects.“The condition is the acquisition of a share in the company that is the licensee. Such a mechanism may be of interest to enterprises that are experiencing difficulties in unlocking the full potential of the facilities, and the international partner will offer capital and experience,” Opimakh emphasized. Tenaz Energy Corp. is a public company specializing in the acquisition of oil and gas assets around the world through mergers and acquisitions in order to create an efficient extraction business. Tenaz Energy Corp. has carried out operations to acquire assets worth more than $ 6 billion and has experience of operating in 65 countries of the world. The company develops hydrocarbons in Central Alberta (Canada) and focuses on the markets of Europe, the Middle East, South America and North Africa.
Ukraine in January-October this year reduced imports of manganese ore and concentrate in quantity terms by 30% compared to the same period last year, to 337,278 tonnes.According to statistics released by the State Customs Service, in monetary terms, imports of manganese ore and concentrate decreased by 35.1% over the period, to $42.262 million.At the same time, manganese ore and concentrate were imported from Ghana (99.84% of supplies in monetary terms), Brazil (0.08%) and Belgium (0.07%). In January-October 2021, Ukraine exported 434 tonnes of manganese ore and concentrate to Poland (90.2%) and Russia (9.8%) for $51,000 (no ore was exported in August-October), while in the same period last year it exported 47,342 tonnes of manganese ore and concentrate for $7.152 million
The Arsenal insurance company (Odesa) in January-September 2021 collected UAH 11.063 million in net premiums, which is 19.4% more than in the same period in 2020.According to a company’s report, posted in the information disclosure system of the National Securities and Stock Market Commission, its gross premiums for this period increased by 31.7%, to UAH 14.624 million. Some UAH 3.715 million was transferred to reinsurance (more by 67.5%).Over nine months, the company paid UAH 330,000, which is almost 50% less than in the same period a year earlier.Company’s administrative expenses amounted to UAH 2.452 million (more by 7.8%), and sales expenses – UAH 908,000.Gross profit amounted to UAH 10.733 million (more by 24.2%), net profit UAH 7.503 million, while in the same period a year earlier it was UAH 7.732 million.As reported, in October 2021, Vostok Capital LLC (Kyiv) became a new shareholder of the company with a block of 80.741% of shares, the main shareholder of which is PrJSC Fozzy Group.Fozzy Group is one of the largest Ukrainian retailers with nearly 690 points of sale throughout the country. As of 2019, the total area of its stores exceeded 1 million square meters.
National bank of Ukraine’s official rates as of 11/11/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of November 11
One troy ounce=31.10 grams
Ukraine in January-October this year reduced imports of aluminum ores and concentrate (bauxite) in quantity terms by 2.3% compared to the same period last year, to 4.189 million tonnes.
According to statistics released by the State Customs Service, during this period, bauxite imports in monetary terms decreased by 0.1%, to $190.706 million.
At the same time, the products were imported mainly from Guinea (60.74% of supplies in monetary terms), Brazil (21.1%) and Ghana (16.18%).
In January-October 2021, Ukraine re-exported 271 tonnes of bauxite for $65,000 to Belarus (52.31%), Poland (43.08%) and Germany (4.62%), while in ten months of 2020, some 184 tonnes of bauxite were re-exported to Poland for $29,000.
