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Cavusoglu: The role of export gas and oil pipelines from Azerbaijan is increasing
Baku/19.10.22/Turan: As regards the supply security, especially due to the reduction of gas supplies to Europe from Russia, the role of export gas and oil pipelines from Azerbaijan has increased, the Turkish Foreign Minister Mevlut Cavusoglu said on October 17 at a press conference following a meeting in Istanbul of the Council of Foreign Ministers of the Organization of Turkic States.
"The importance of Central Asia and the Middle Transport Corridor has also increased. The measures that we will take will make a serious contribution to resolving the energy and food crises," he added. -0--
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- Politics
- 19 October 2022 11:53
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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