According to the decision of the Azerbaijan Tariff Council, the new tariff for expertise of exported oil will enter into effect on May 1, 2013, reads the information placed on the official web site of the Tariff Council.
“From May 1, 2013 cost of the expertise will not depend on the volume of the product as it is now,” reads the message.
Irrespective of the volume of exported oil, costs for one expertise will total 2300 AZN.
According to the effective tariff based on the Tariff Council’s decision made on November 24, 2011 “On regulation of tariffs for the services provided by the Bureau of Consumer Goods Expertise, which is subordinate to the State Service of Antimonopoly Policy and Protection of Consumers Rights of the Azerbaijan Ministry of Economic Development,” the fee for the expertise of 1 ton of oil is 0.04 AZN.
The fee for expertise of other energy resources remained unchanged: expertise of 1 ton of oil products will cost 0.10 AZN, 1 million cub.m. of natural gas – 280 AZN and 1 million Kwh of power – 225 AZN.—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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