The intergovernmental agreement on the gas pipeline Turkish Stream will be most probably signed at the World Energy Congress, which will be held in Istanbul on 10-12 October, Russian Energy Minister Alexander Novak told the media late last week.
Earlier, he said the text of the intergovernmental agreement on the project should be prepared and agreed by the forum.
“At the moment our specialists are in Turkey to discuss the draft agreement and the road map for the project Turkish Stream. We are tasked to complete them before the Energy Forum in Istanbul,” he said.
The World Energy Congress is to be held in Istanbul from 9 to 13 October, according to the agency Interfax.
“We are discussing the two lines. The objectives and directions of supplies of gas are different,” he added.
It is planned that about a year will be spent on the preparation of the feasibility study of the pipeline. Novak previously predicted that the commissioning of the first line of the gas pipeline Turkish Stream will occur in the second half of 2019. -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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