On February 8, 2013 Azerbaijani Minister of Industry and Energy Natig Aliyev me with Gordon Birrel, BP-Azerbaijan company President.
BP-Azerbaijan company said that this was a fact finding meeting. Gordon Birrel has started to execution of his duties on November 15, 2012. He has replaced Rashid Javanshir, who from that date was transferred to the BP London-based head office to the position of Senior Vice President.
Before that Birrel has met with Azerbaijani Foreign Minister Elmar Mammadyarov.
A source from the Energy Ministry said that during the meeting Natig Aliyev and Gordon Birrel have discussed the works done on the Azeri-Chirag-Guneshli bloc of fields and on the Shah-Deniz gas condensate field.
Birrel said that the works to stabilize oil production on the Azeri-Chirag-Guneshli were continued in January 2013. It is planned to drill new wells and do other works.
Aliyev and Birrel have also agreed to met once a month to discuss stabilization of oil production on the bloc of fields.—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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