According to the World Bank, during 2011 associated gas to the amount of $7.3 billion has been burnt at the torches in Iran.
The report of the Global Partnership for Reduction of Associated Gas Burning reads that during this period Iran has burnt 11.4 billion cub.m. of associated gas, which makes about a quarter of the demand in gas in such a country as South Korea.
Iran loses associated gas, because it lacks infrastructure required for collection of associate gas, its refining and transportation to the foreign markets.
According to BP company’s estimates, Iran occupies the third place in the world among the gas makers and it also imports some amount of gas. Iran is unavailable at the world and regional gas markets, though its share in the world gas trade could be easily increased up to 10%, reported Iran.ru.—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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