In 2013 Azerbaijan delivered to Georgia about 1,898,500,000 cub.m. of gas, up 36.1% against 2012, reads information posted on SOCAR’s official web site.
Of total volume 652.5 million cub.m. was delivered to SOCAR Georgia Gaz open-type JSC, daughter company of SOCAR, and 1,246 billion cub.m. to SOCAR Gas Export-Import on the basis of the contract signed between SOCAR and the Georgian government.
The information also reads that during 2013 SOCAR Georgia Gaz laid in 1179 km of gas pipelines in Georgia increasing length of the gas pipelines up to 3969 km to provide services to over 347,000 customers.
According to the memorandum signed with the Georgian government, SOCAR will continue gasification of the regions of this country till 2017.—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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