Capital outlays for south Caucasian pipeline increased up to $9 million during 9 months, 2013
From January to September 2013 the capital outlays related to the South Caucasian Pipeline (SCP) operation totaled $9 million, up 16.9% against the same period in 2012, reported press office of BP – the technical operator of the pipeline construction and operation.
During this year the capital outlays of SCP are forecasted to be $15 million against $11 million actually spent during last year.
The statement also reads that from January to September 2013 average daily gas export via SCP totaled 12.4 million cub.m. against 11.1 million cub.m. during last year.
Gas delivered to Azerbaijani regions and Georgia is transported via SCP, which was put into operation at the end of 2006. Since June 2007 gas from the gas condensate field Shah-Deniz in the Caspian Sea is transported to Turkey via the SCP.
The SCP shareholders are BP (technical operator) and Statoil (commercial operator) with 25.5% share each, SOCAR, NICO, LUKoil and Total with 10% each and ТРАО with 9%.—0--
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review