From January to April 2015 2,488,139 tons of transit oil has been transported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, a source from State Oil Company of Azerbaijan (SOCAR) told Turan.
In January 2015 602,066 tons of Turkmenistan and Kazakhstan oil was transported via BTC.
In February 2015 380,500 tons of Turkmenistan and 247,022 tons of Kazakhstan oil was transited.
In March 2015 300,333 tons of Turkmenistan and 374,500 tons of Kazakhstan oil was transported via BTC.
In April 2014 233,178 tons of Turkmenistan and 350,000 tons of Kazakhstan oil was pumped via BTC.—0—
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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