BP company has no plans to leave the trans Adriatic gas pipeline (TAP) project, Tamam Bayatly, press officer of BP-Azerbaijan company, said while commenting on the recent information that BP could leave TAP with reference to President of Italian Snam company.
“We believe in this important project for gas deliveries from the Caspian Sea region to Europe. This big project shows a good progress of the entire chain of gas deliveries, the first gas will be delivered to Turkey in 2018 and to Europe in 2020,” Bayatly said.
At present TAP partners include SOCAR, BP and Statoil with 20% share each. Among other shareholders are Belgian Fluxys (Snam’s partner in other projects) with 19%, ENAGAS (Spain) with 16% and Swiss Axpo with 5%.
Till the end of 2015 Statoil company will officially sell its share in TAP and Italian Snam and Malaysian Petronas companies are among the pretenders to its share.—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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