PJSC Odesa Port-Side Chemical Plant (OPZ) started pre-commissioning and will resume its work on August 1, 2019, said OPZ Deputy Director on Economic and Financial Issues Volodymyr Vakeryak at a press conference regarding signing of give-and-take contract with LLC Agro Gas Trading (Kyiv). Agro Gas Trading Director General Oleksandr Horbunenko has said that the contract with the plant was signed by December 1, 2019 and foresees delivery of minimum 240 million cubic meters of the natural gas within four months.
For his part, Deputy Head of the State Property Fund Yevhen Astashev has said that NJSC Naftogaz Ukrainy gave a green light to resuming of the works despite plant’s debts worth UAH 1.5 billion (plus penalties). The OPZ for its part is obliged to pay off the debts to Naftogaz sharing profits received from Agro Gas Trading for providing processing services ($1,5 per each carbamide tonne and $1 per each ammonia tonne).
“Production has been standing idle for more than a year, only the ammonia transshipment complex is working at the level of 2.3 million tonnes per year. The plant signed an agreement with a supplier, for whom we will perform gas processing services. In the near future we plan to start preparing for the launch of two carbamide facilities and one ammonia complex. If all the conditions of the contract are met, we could receive products in August,” he said.
As reported, Odesa Port-Side Chemical Plant has been standing idle since the end of April 2018. Its work was stopped due to violation by the contractor, All-Ukrainian Energy Company LLC, of the agreement with Ukrtransgaz.
The plant called work on a give-and-take basis the only possible option for resuming work in the face of failure of privatization attempts and accumulated debt for gas to NJSC Naftogaz Ukrainy, which exceeds UAH 1.5 billion.
Official rates of banking metals from national bank as of july 29
One troy ounce=31.10 grams
The new Ukrainian authorities are planning to reform certain elements of the governance system, including the Security Service, Ukrainian National Security and Defense Council Secretary Oleksandr Danyliuk said. “We have a security sector reform on our agenda. Without reforming the Security Service, any other reforms make absolutely no sense, because the Security Service has been historically integrated into multiple processes,” Danyliuk said in a televised interview.
“The Security Service should become a powerful organization, but in one key field; namely, counterintelligence. The Security Service should be deprived of other functions it has, including economic matters and efforts against corruption,” he said.
“Our international partners and the president actively support all of this,” Danyliuk said.
“A lot will have to be changed to make these reforms a reality; in particular, legislative amendments will have to be made,” he said.
“I have set up a group to work on [bills], and we are moving ahead very quickly. I know that we already have a bill, but, for some reason, our partners, such as, for example, NATO, do not approve of it. And our experts don’t support it for some reason, either. Why? Because this legislation would leave the Security Service’s work unchanged. We don’t need such bills. I am convinced that the Security Service and our Ukrainian and Western partners should be engaged in drawing up bills. This is exactly what is happening now,” Danyliuk said.
National bank of ukraine’s official rates as of 29/07/19
Source: National Bank of Ukraine
The Anti-Monopoly Committee of Ukraine (AMCU) is taking a decision if to permit GEN.Holding GmbH and VAMA Holding GmbH Austrian Companies to acquire control over Yug-Contract Group Ltd. (Cyprus).
The respective issue was put onto commission’s agenda on July 25. However, no decision over this issue has been announced yet.
According to the open sources, GEN Group Ltd owned by Foxtrot Group of Companies Director General Hennadiy Vykhodtsev is 100% shareholder of GEN. Holding GmbH. Meanwhile, VAMA Group Ltd. owned by another director of Foxtrot Group Valeriy Makovetsky is 100% shareholder of VAMA Holding GmBh.
Yug-Contract Group was based in Yalta in 1994. The company distributes items of IT and consumer electronics.
In 2009, Yug-Contract united with Foxtrot-IT and now has a multi-product portfolio.
Ukrainian metallurgical enterprises in June 2019 reduced steel production by 3% compared to the same period in 2018, to 1.659 million tonnes, thus remaining on the 13th position in the ranking of 64 major global manufacturers of these products, compiled by the World Steel Association (Worldsteel). An increase in steel production in half of the top ten countries, except for South Korea, Russia, Germany, Turkey and Brasil, was recorded in June 2019 compared to June 2018.
The top ten producer countries in June are as follows: China (87.533 million tonnes, an increase of 10%), India (9.336 million tonnes, an increase of 4%), Japan (8.789 million tonnes, an increase of 0.4%), the United States (7.276 million tonnes, an increase of 3.1%), South Korea (5.958 million tonnes, a decrease of 2.6%), the Russian Federation (5.875 million tonnes, a decrease of 2.6%), Germany (3.405 million tonnes, a drop of 5.8%), Brazil (2.823 million tonnes, a decrease of 3.1%), Turkey (2.698 million tonnes, a decrease of 11%), and Iran (2.165 million tonnes, an increase of 6.1%).
They are followed by Italy (2.086 million tonnes, a drop of 2.5%), Taiwan (China, 1.960 million tonnes, a decrease of 0.3%) and Ukraine (1.659 million tonnes, a drop of 3%).
Overall, in June 2019, 64 countries produced 158.978 million tonnes of steel, which is 4.6% more than in June 2018.
Through January-June 2019, sixty-four countries produced 925.064 million tonnes of steel, which is 4.9% more than in the same period last year.
