During 2013 average daily gas deliveries via the South Caucasian Pipeline (SCP, Baku-Tbilisi-Erzerum gas pipeline) totaled 13.4 million cub.m., up 20.7% against 2012 (11.1 million cub.m.), reported press office of BP-Azerbaijan company.
According to the company, last year 4,891,000,000 cub.m. of gas was pumped via the SCP.
Azerbaijan State Statistical Committee reported that last year 4.6 billion cub.m. of gas was exported via SCP.
SCP was put into operation at the end of 2006, export of gas from the gas condensate field Shah-Deniz in the Azerbaijani sector of the Caspian Sea to Georgia via the pipeline started in March 2007 and to Turkey in July 2007.
The statement also reads that last year the costs related to the SCP operations totaled $250 million (growth by 22.7 times against 2012). The costs for expanding the SCP in 2014 are planned to reach $1.25 billion.
* The SCP shareholders are BP (technical operator) – 28.8%, SOCAR (commercial operator) - 16.7%, Statoil – 15.5%, NICO, LUKoil and Total - 10% each and ТРАО - 9%.—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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