Republican Seismological Service Center (RSSC) of the National Academy of Sciences (ANAS), has started installation of seismic stations in the Azerbaijani sector of Caspian Sea, according to the press service of RSSC.
An American company 'Kinemetriks', arrived in Baku, being accompanied by representative of the RSSC, Gurban Yetirmishli, they visited offshore platforms of which the bottom seismic stations will be installed.
In the coming months, these bottom seismic stations are to be installed on the oil and gas fields of Umid, Bahar and Guneshli, with the preliminary stages of American specialists will be taking part in the installation of the stations. It is planned that future such stations will be installed by the employees of the Center. To date, there are no other bottom seismic stations in any of the CIS countries, according to the same source.
It is not reported what will be the commission of these stations, if they may have a dual function or only to monitor the seismic activity. -02D-
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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