In the winter time Azerbaijan will have no problem providing the population with gas, said yesterday the head of SOCAR Rovnag Abdullayev, answering journalists' questions.
According to him, the increase in gas consumption in the last few days was of a temporary nature. "The transition to the winter gas supply mode will start from November 1. Preparing for the transition starts 15 days before. After a few days we will be completely ready for it. Our gas reserves are accumulated in storage facilities, more than last year, so problems with gas supplies will not emerge. With regard to the weak level of gas supply in some areas in recent days, it is due to the fact that because of the cold weather the gas consumption increased. But I think that warming can occur after a cold snap, so this is a temporary phenomenon," Abdullayev said.
In turn, Turan IA has learned from sources in SOCAR the underground storage of gas since the beginning of the year has been 300 mcm more than in the same period last year. Currently, SOCAR has managed to collect more than 2.95 bcm of gas. The gas injection will be continued until the end of this month. -12B--
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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