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July, 2016

LUKOIL COMMISSIONS PHASE I POWER SUPPLY AT USINSKOYE FIELD, KOMI

PJSC LUKOIL commissioned Phase I of the auxiliary power supply plant in the Republic of Komi. The 100 MW power plant is designed to satisfy the growing need in power at the Denisovsky license area and will increase utilization of associated petroleum gas. The project, developed and implemented by PJSC LUKOIL’s wholly owned subsidiary, LUKOIL-Engineering […]

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Turkish Statistical Institute: Sectoral Confidence Indices, July 2016 – Services confidence index increased by 5.3%

Seasonally adjusted confidence index which was 95.75 for services in June increased to 100.86 in July. This increase in the services confidence index stemmed from the increased number of managers evaluating “business situation” as improved and “demand-turnover” as increased over the past three months plus expecting an increase in “demand-turnover” over the next three months. […]

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Vattenfall to build a wind farm off Aberdeen

Vattenfall has decided to invest more than SEK 3 billion in a combined wind farm and technology development centre off the Scottish coast The wind farm, known as the European Offshore Wind Deployment Centre (EOWDC), will comprise eleven turbines and have a capacity of 92.4 MW. Apart from generating electricity, it will also be a […]

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UK inflation rate picks up to 0.5%

The Consumer Prices Index (CPI) rose by 0.5% in the year to June 2016, compared with a 0.3% rise in the year to May. The June rate is a little above the position seen for most of 2016, though it is still relatively low historically. Rises in air fares, prices for motor fuels and a […]

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Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target and in a way that helps to sustain growth and employment.  At its meeting ending on 13 July 2016, the MPC voted by a majority of 8-1 to maintain Bank Rate at 0.5%, with one member voting for […]

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