Ankara intends to produce oil and gas in the waters of Libya within the framework of the energy agreement concluded by Turkey with this country, Turkish President Recep Tayyip Erdogan said.
“After the agreement on hydrocarbons signed by us with Libya, we will cooperate in a new area – in the extraction of oil and other resources from the Libyan continental shelf,” Bloomberg quotes him as saying.
Erdogan also announced plans to double the capacity of the Trans-Anatolian gas pipeline (TANAP), which runs from Azerbaijan through Georgia and Turkey to Greece.
Bloomberg recalls that Ankara and the administration of Abdel Hamid al-Dbeiba concluded this agreement last week: he was supposed to leave the post of prime minister after December 25, 2021, but did not do this, citing the disruption of the presidential elections in Libya. As a result, the Prime Minister of another Libyan government, Fathi Bashaga, rejected this agreement, emphasizing that al-Dbeiba does not have the authority to conclude agreements with foreign states.
At the same time, the current agreements are based on the 2019 agreement that Ankara concluded with the previous internationally recognized government of Libya, and to which Turkey provided military assistance in the confrontation with the forces of Marshal Khalifa Haftar.
In turn, the EU said that the new agreement does not comply with the UN Convention on the Law of the Sea and violates the interests of third parties. Also, Greece, Cyprus and Egypt regard the agreement as an attempt by Turkey to dominate the waters of the region.
In Libya, for a long time, there were two bodies of executive power in parallel: the Government of National Accord in Tripoli, in the west of the country, and an interim cabinet in the east of the country, supported by the army of Marshal Khalifa Haftar. According to Western media, Haftar’s forces were supported by Russia, France, Saudi Arabia, the United Arab Emirates, Egypt, Greece and Cyprus. On the side of the government in Tripoli, in turn, were Turkey, Qatar and Italy.
In October 2021, in Geneva, representatives of the warring parties signed an agreement on a permanent ceasefire. The presidential elections in Libya, the first after the overthrow and assassination of Muammar Gaddafi, were scheduled for December 24, 2021, but in the end the vote did not take place. This was due to controversy surrounding the electoral law.
GAS, OIL, PRODUCTION, TURKEY
FAO (Food and Agriculture Organization of the United Nations) in September raised the forecast for world wheat harvest in 2022 to 787.2 million tons, which is 1% more than was harvested in 2021, according to a summary of the organization.
“And, perhaps, (the indicator) will reach an even higher, record level. This is due to a higher than expected harvest in the European Union and the Russian Federation,” the document says.
In general, world grain production will decrease by 1.7% – to 2 billion 768 million tons, including feed grain – by 2.8%, to 1 billion 468 million tons, “due mainly to unfavorable agrotechnical conditions in the United States “explain FAO experts.
In addition, global rice production in 2022 is expected to reach 512.8 million tonnes, down 2.4% from the all-time high of 2021. The decline in the forecast compared to September is due to a prolonged summer drought, high temperatures in China and flooding in Pakistan, the document says.
As expected, grain consumption in the 2022/2023 agricultural year may decrease by 0.5% – to 2 billion 788 million tons, mainly due to a decrease in feed consumption.
Kryvyi Rih Mining and Metallurgical Plant PJSC “ArcelorMittal Kryvyi Rih” (AMKR, Dnipropetrovsk region) at its coke chemical division in January-August of this year reduced the production of metallurgical coke by 62.6% compared to the same period last year – up to 740 thousand tons .
A representative of the company told Interfax-Ukraine that in August the company produced 44,000 tons of metallurgical coke.
At the same time, in January-August 2022, the production of 6% moisture gross coke at AMKR amounted to 851 thousand tons, including 51 thousand tons in August.
Coke production at ArcelorMittal Kryvyi Rih for 8 months-2021 increased by 12.1% – up to 1.976 million tons, including 260 thousand tons in August last year.
In January-August 2022, 263 thousand tons of domestically produced coal, 390 thousand tons from Russia (before the war), 65 thousand tons from Kazakhstan, 27 thousand tons from Poland, 15 thousand tons from the Czech Republic, 208 thousand tons from the USA and 134 thousand tons from Australia. In August, AMKR delivered 48,000 tons of domestic coal, 18,000 tons from the United States, and 8,000 tons from Australia.
As reported, in January-August this year, Ukrainian Coke Plants reduced the production of gross coke with 6% moisture by 55.2% compared to the same period last year, to 2.94 million tons. Including for 8 months-2022, the production of metallurgical coke amounted to 2.52 million tons. At the same time, 257.7 thousand tons of gross coke were produced in August, including 221 thousand tons of metallurgical coke.
Ukraine in 2021 reduced the production of coke by 1.3% compared to 2020 – to 9.543 million tons.
“ArcelorMittal Kryvyi Rih” is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.
ArcelorMittal owns the largest mining and metallurgical plant in Ukraine, ArcelorMittal Kryvyi Rih, and a number of small companies, in particular, PJSC ArcelorMittal Berislav.
Projects for the construction of factories for the production of float glass products in the Zakarpattia and Kirovohrad regions for EUR195 million and $250 million, respectively, have been presented in Ukraine.
According to the presentation by Silverland Industrial Park, the project in the village of Klyucharki (Mukachevskiy district, Zakarpattia region) is estimated at EUR195 million, with 10% of the amount coming from the company’s own investments. The area of the land plot for construction is 19 hectares. The capacity of the production line will be 750 tons/day.
“Before the start of a full-scale war, the demand for glass in the Ukrainian market was 28-30 million square meters per year. Our company will be able to cover at least 50% of this demand. Independent production will reduce dependence on external suppliers, contribute to the post-war reconstruction of Ukraine In the future, there is an opportunity to enter the international export market,” Silverland representative Matvey Isichenko said at the International Investment Fair from UkraineInvest on Thursday.
The project implementation period is two years, the expected payback period is 4 years. The internal rate of return is estimated by the company’s analysts at 10%, the EBITDA margin is 31%.
According to Isichenko, there are no competitors in this area on the Ukrainian market, and the proximity of the enterprise to the western border will allow establishing cooperation with the nearest European countries and reducing logistics costs.
The implementation of the Genesis Engineering float glass plant project in the Kirovograd region is estimated at $250 million, while the company’s own investments will amount to $80 million. The area of land for the construction of the plant is 38 hectares.
“We are planning to build a plant in the central part of Ukraine, which gives us a good balance of access to high-quality raw materials and the target market, both domestic and export,” said Georgy Idiatullin, owner of Genesis Engineering.
The plant’s production capacity will be 510 tons/day, or 18 million square meters. m of glass per year. Products include clear glass 2-19 mm thick, with different finishes and shades. The production is planned to use equipment that will reduce emissions into the environment by 70%.
The implementation of the project will create 340 new jobs. The construction period is 3 years, the expected payback period of the project is 10 years. The internal rate of return is estimated by analysts at 11.28%, the EBITDA margin is 28%. According to the project implementation plan, in the first year of operation, the export income will be approximately $40 million.
Products will be certified according to European standards and export-oriented, Idiatullin said.
“There is a fairly large shortage of such products in the world, and the predicted growth of the world market is 8%, the European market is 6.5% annually. The volume of the world market today is $105 billion, the volume of the Ukrainian market for 2020 was $200 million and was completely dependent on imports “, – said the speaker during the presentation.
According to Opendatabot, Silverland IP LLC was established in May 2022. Among the founders are Andrey Isichenko and Alexander Popov (34% each), as well as Mikhail Lashin (32%).
Genesis Engineering LLC was established in 2014. Its owners are Georgy Idiatullin (50%), Konstantin Shcherban (33%) and Vladlena Kisilenko (16%).
PrJSC “Yuzhkoks” (Kamenskoye, Dnepropetrovsk region) in January-August of this year reduced the production of metallurgical coke by 19.8% compared to the same period last year – up to 393 thousand tons.
A representative of the company told Interfax-Ukraine that in August the company produced 54,000 tons of metallurgical coke.
At the same time, he added that in January-August 2022, the production of gross coke with 6% moisture content amounted to 455 thousand tons, including 63 thousand tons in August.
The plant produced 490 thousand tons of coke in eight months of 2021, including 52 thousand tons in August 2021.
During this period, the enterprise was supplied with 515 thousand tons of domestic coal, 54 thousand tons from Russia (before the war) and 45 thousand tons from the USA. In August, only domestically mined coal was supplied in the amount of 69 thousand tons.
As reported, in January-August this year, Ukrainian Coke Plants reduced the production of gross coke with 6% moisture by 55.2% compared to the same period last year, to 2.94 million tons. Including for 8 months-2022, the production of metallurgical coke amounted to 2.52 million tons. At the same time, 257.7 thousand tons of gross coke were produced in August, including 221 thousand tons of metallurgical coke.
Ukraine in 2021 reduced the production of coke by 1.3% compared to 2020 – to 9.543 million tons.
The authorized capital of PJSC “Yuzhkoks” is UAH 171.918 million, the par value of the share is UAH 0.25.
The investment company BGV Group Management has launched a new plant for the production of crushed stone products in the Zhytomyr region, investments in construction amounted to $22 million.
“Our company BGV Group Management has officially launched a state-of-the-art crushed stone plant. Fully automated, with the latest technological Swedish SANDVIK equipment, mining equipment and infrastructure built from scratch. We did all this literally in the forest, greenfield and during a full-scale war in the country,” said member of the board of directors of the investment company Sergei Voitsekhovsky.
According to him, the production capacity of the plant is 1.5 million tons of rock mass per year. Granite Quarry LLC operates on the basis of the Zherevsky deposit with an area of 63.2 hectares, the reserves of which amount to 46 million cubic meters of rock.
The opening of the plant will create 200 new jobs in the region, Voitsekhovsky emphasized.
BGV Group Management is an investment company of Gennady Butkevich, developing businesses and projects in the mining, processing, energy efficiency, retail and development sectors.
