Turkish Stream will not affect implementation of the trans-Anadolu (TANAP) pipeline, Richard Morningstar, former US Ambassador to Azerbaijan, said in his interview to the Turkish Anadolu news agency.
He said Turkey and Azerbaijan have established good relationships and Ankara will not allow the Turkish Stream competing with TANAP.
Morningstar also added that involvement of some Turkish companies in TANAP construction shows level of bilateral relationships between Turkey and Azerbaijan.
“I will be really surprised if with implementation of the Turkish Stream Turkey will reduce chances of TANAP,” he added.
The contractors of construction of the 1337-km-long ground section of TANAP include three companies – Fernas Insaat A.S., Sicim Yuksel AKKORD Adi Ortakligi and Tekfen Insaat ve Tesisat A.S. They will build the gas pipeline section up to Eskishekher city.
TANAP project envisages export of gas extracted on the Azerbaijani Shah Deniz field from the Georgian-Turkish border to the western border of Turkey.
The initial carrying capacity of 1841-km-long TANAP will be 16 billion cub.m. of gas a year. Of this volume 6 billion cub.m. will be delivered to Turkey and the remaining volume to Europe.—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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