Since June 2, 2006 till December 2, 2013 Turkish BOTAS International Limited (BIL) company about 1.82 billion barrels of oil has been shipped from the Ceyhan oil terminal against 1.8 billion barrels by November 1, 2013, reads the information posted on the BIL official web site on Monday.
Since 2001 BIL has been operating the Baku-Tbilisi-Ceyhan (BTC) oil pipeline on the territory of Turkey.
The information reads that during this period 2660 tankers with oil against 2330 tankers by November 1, 2013 has been shipped from the Ceyhan terminal.
Total length of the BTC oil pipeline is 1768 km, of which 443 km pass through Azerbaijan, 249 km through Georgia and 1076 km through Turkey. The pipeline construction started in April 2003 and it was filled with oil on may 18, 2005.
The shareholders of BTC Co, which was established on August 1, 2002 to implement the project, are BP (30.1%), SOCAR (25%), Chevron (8.9%), Statoil (8.71%), ТРАО (6.53%), Eni (5%), Total (5%), Itochu (3.4%), Inpex (2.5%), ConocoPhillips (2.5%) and ONGC (2.36%). –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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