Another contract was signed on February 22, 2016 as a part of the project of upgrade of the Heydar Aliyev oil refinery.
SOCAR press office reported that the contract was signed between the oil refinery and SOCAR Fugro. The contract has been signed by Heydar Aliyev oil refinery director Elman Ismaylov and SOCAR Fugro General Director Chris Mott.
The contract envisages the ground survey works to design infrastructure of the oil refinery and its territories.
SOCAR reported that Fluor company took part in preparation of the plan of ground works and SOCAR Foster Wheeler company is the company that designed the oil refinery upgrade.—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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