From January to October 2013 SOCAR exported 2,322,232 tons of Azerbaijani oil from the Supsa port via the Baku-Supsa oil pipeline, reported SOCAR press office.
The volume of oil exported from the Georgian terminal decreased by 0.7% against the same period last year.
In January 2013 242,339 tons of Azerbaijani oil was shipped from Supsa, in February – 318,596 tons, in March – 238,266 tons, in April -242,367 tons, in May – 80,784 tons, in June – 242,325 tons, in July – 157,069 tons, in August – 315,388 tons, in September – 242,215 tons and in October – 242,259 tons,
The Baku-Supsa oil pipeline was put into operation on April 17, 1999. The oil pipeline’s length is 837 km and its diameter is 530 mm. At present the carrying capacity of the pipeline is over 5 million tons of oil a year and it is used to export oil from the Chirag field.—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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