Business news from Ukraine

Business news from Ukraine

UKRAINE ALREADY USES EU QUOTAS FOR WHEAT IN 2018

Ukraine has fully used basic and additional quotas for wheat and maize supplies to the European Union for 2018, the Ukragroconsult consulting agency has reported.
“In the period from January 1 to January 5 Ukraine fully used both basic and additional quotas for exports of wheat and maize to the EU countries in 2018,” the agency said on its website.
Thus, quotas for the supply of wheat and corn have been 100% used (1.035 million tonnes and 1.125 million tonnes respectively).
The quota for duty-free barley exports as of January 5 had been 2.5% used (15,680 tonnes from the approved 615,000 tonnes).
As reported, Ukraine has also fully used basic quotas for duty-free supplies of honey (about 8,000 tonnes), grape and apple juice (14,000 tonnes) from Ukraine to the EU.

UKRAINIAN INTERPIPE COMPLETES CERTIFICATION OF PREMIUM JOINT FOR OIL AND GAS PIPES IN ITALY

Interpipe international vertically integrated pipe and wheel company has completed CAL IV certification of own Ukrainian Premium Joint (UPJ-M) gas tight coupled and threaded connection for OCTG pipes (Oil Country Tubular Goods) meeting ISO 13679 standard of CAL IV level, the company said. At the same time, as gas and oil are more often produced in the complex geological conditions, the wells become not only obliquely directed, but also horizontal, which results in the toughened requirements to the pipes. Threaded connections play the key role in the reliable operation of pipes in a well.
The obtained certification confirms the correspondence of the Interpipe UPJ-M threaded connection to the highest level of CAL IV requirements (CAL – connection application level). Qualification tests were held in Italy.
Connection type CAL IV is a mandatory requirement in many oil and gas projects in the Middle East, Asia-Pacific, Latin and Central Americas and the CIS. The presence of this connection will allow the company to meet the technical requirements of previously inaccessible projects.

UKRAINE TO SPEED UP ATTRACTION OF INVESTMENTS IN RENEWABLE ENERGY WITH INTERNATIONAL RENEWABLE ENERGY AGENCY

Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine (SAEE) Serhiy Savchuk presented Ukraine’s latest achievements in renewable energy at the eighth session of the Assembly of the International Renewable Energy Agency (IRENA) in Abu Dhabi (the UAE) on January 13, the SAEE’s media liaisons department has reported.
“Ukraine’s government has walked a long path to join the Statute of IRENA. The respective law of Ukraine, No. 2222-VIII, which was drafted by the State Agency on Energy Efficiency and Energy Saving, has recently been adopted by parliament and signed by Ukrainian President Petro Poroshenko,” Savchuk said, adding that Ukrainian Foreign Minister Pavlo Klimkin has recently signed the respective document on Ukraine’s accession to IRENA.
The SAEE said in a statement published on Saturday, January 13, that more than 1,200 representatives from 150 countries gathered at a global event to discuss strategies for the development of clean energy.
Savchuk presented to the IRENA member countries the latest achievements of Ukraine in renewable energy and prospects for cooperation with IRENA, especially in the sphere of stimulating the attraction of “green” investments.
According to IRENA Director-General Adnan Amin, said, the cost of producing clean energy is reduced, technologies are being improved, and the development of renewable energy is accelerating around the world. According to him, this means that the world enters a new era of energy transformation, and renewable energy is becoming an important driver of economic growth, job creation and social development, as well as resolves the challenges of climate change and reduction of harmful emissions.
After joining IRENA, Ukraine will be able to increase green investments, get cheap loans for “green” projects, and develop joint mechanisms for financing the preparation and implementation of quality projects.
In addition to strategies for the development of clean energy, the forum participants also considered issues for improving energy efficiency in various sectors of the economy, including industry.
The Ukrainian delegation participated in the eighth session of the IRENA Assembly with the assistance of the UNIDO/GEF UKR IEE Technical Assistance Project “Introduction of Energy Management System Standards in Ukraine Industry” and the UNDP/GEF Project “Development and Commercialization of Bioenergy Technologies in the Municipal Sector in Ukraine.”
According to IRENA, more than $1 trillion has been invested in renewable energy all over the world since 2013. To date, almost ten million new jobs have been created in this area.