BP-Azerbaijan (the operator on the development of Azeri-Chirag-Guneshli) today suspended production on the platform West Azeri due to maintenance work.
"The stopping is of planned nature and is part of the annual work program for ACG. According to the plan, production from the platform West Azeri will be stopped for 22 days for effective implementation of prevention, inspection and design work. This is repair, maintenance and modification work, the implementation of which is possible only when stopping the platform," reported the press service of BP.
Note that the average daily oil production from West Azeri in Q1 was 129,000 barrels.
Recall that oil production from West Azeri began on 30 December 2005. -12D--
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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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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