“In the future Iran will be able to transport its gas to the West via TANAP gas pipeline,” Ali Hasanov, Assistant President for Public and Political Affairs, said in Istanbul. The portal www.haqqin.az wrote referring to Al-Jazeera Turk TV channel.
Hasanov said TANAP is among the most important energy projects implemented throughout the world.
“TANAP is an important gas pipeline for delivery of Azerbaijani gas to Europe and the world markets and is the only alternative source of energy. During as minimum 60-70 years up to 30 billion cub.m. of gas a year will be exported to the European consumers via this gas pipeline. On the other hand, European countries and US will lift sanctions from our neighbor – Iran. I think that in the future Iran’s rich gas resources could be delivered to the West via the TANAP gas pipeline. In the mid-term Turkmenistan gas also could be delivered via TANAP,” Hasanov said.—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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