In August 2015 2,205,834 tons of Azerbaijani oil has been shipped from the Turkish port Ceyhan against 2,382,065 tons in July 2015. Azerbaijani oil shipment has decreased by 7.4%.
SOCAR reported that from January to August 2015 19,157,62 tons of Azerbaijani oil has been transported via Baku-Tbilisi-Ceyhan (BTC) pipeline, down 2.2% against the same period in 2014.
Since launching of the pipeline on June 4, 1996 till September 1, 2015 a total of 282,982,359 tons of oil has been pumped, reported SOCAR.
In August 2015 347,005 tons of Turkmenistan and Kazakhstan oil was transported via BTC.
280,837,886 tons of Azerbaijani oil has been shipped from the Ceyhan terminal since launching of the BTC oil pipeline.—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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