BP announced the appointment of Tony Hunt as Vice President of Offshore Operations for Azerbaijan-Georgia-Turkey (AGT) Region. Tony will assume his new role on 15 December 2013. In this role Tony will be accountable for the safe, compliant and reliable operations of all AGT region offshore operations.
This follows the appointment of Mark Thomas, AGT Region’s current Vice President of Offshore Operations, as Vice President Technical Functions based in Houston. Mark will move to his new position on 15 December 2013.
Tony Hunt has a first degree in Mathematics from Leicester University and a Master’s degree in Offshore Engineering from Robert Gordon University in Aberdeen. Throughout his 29 year career with BP, he has held a wide range of operations roles, including operations leadership roles in the UK, onshore and offshore, and Angola. Tony joins Azerbaijan from his current position as the Subsea Operations Manager in Luanda.—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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