From January to November 2013 4,300,000,000 cub.m. of natural gas was exported via the South Caucasus pipeline Baku-Tbilisi-Erzurum, up 500,000,000 cub.m. against the same period last year.
State Statistical Committee reported that in January 400,000,000 cub.m. was exported via the pipeline, in February – 215,800,000 cub.m., in March – 310,700,000 cub.m., in April – 437,500,000 cub.m., in May – 400,000,000 cub.m., in June – 300,000,000 cub.m., in July – 400,000,000 cub.m., in August – 400,000,000 cub.m., in September – 200,000,000 cub.m., in October – 700,000,000 cub.m. and in November 500,000,000 cub.m.
In 2012 4,000,000,000 cub.m. of natural gas was exported via the Baku-Tbilisi-Erzurum pipeline, down 500,000,000 cub.m. against 2011. Natural gas extracted from the offshore gas condensate field Shah-Deniz is exported via the pipeline. Gas is delivered to Georgia and Turkey. The partners of the Shah-Deniz production sharing agreement (PSA) are BP (operator with 25.5%), Statoil (25.5%), SOCAR (10%), LUKoil (10%), NICO (10%), Total (10%) and TPAO (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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