Growth of return gas injection could lead to gas shortage in Kazakhstan by 2024, Kazakh Minister of Oil and Gas Uzakbay Karabalin said at the session of the government on Astana on February 4, 2014.
“The republic has a significant growth of return gas injection, which could lead to gas shortage by 2024,” Karabalin added.
Minister said that 90% of gas extracted in Kazakhstan is associated gas. Almost 30% of this gas is injected back into the bed to maintain the bed pressure.
According to the Minister of Oil and Gas, by 2030 gas production will total 54.1 billion cub.m., up 25% against the production in 2013, reported http://forbes.kz.--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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