Turkish Energy Minister Taner Yildiz said that Turkey does not deliver oil and aviation fuel to Israel as some Turkish media reported, World Bulletin reported.
“Israel’s occupation of Gaza is a serious obstacle for implementation of joint energy projects on the east of the Mediterranean,” said Minister.
Yildiz also confirmed that oil is transited to Israel via Turkey. Azerbaijani oil is transported to the Ceyhan port via Baku-Tbilisi-Ceyhan pipeline and from there transported to Israel in tankers.
BTC started to work in June 2006. Since that day Azerbaijani oil is sold by various traders from the Ceyhan terminal. Last year Israel’s officials said that Israel’s demand in crude oil totals about 6.5 million tons a year, of which about 3 million tons of oil is covered at the expense of Azerbaijani oil.—0--
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review