2016 February 15 (Monday) 11:34:18
Iranian Ambassador to Georgia Abbas Talebi-Fari said last week that there are technical possibilities for natural gas export from Iran to Georgian, reported portal Georgia Online.
“We should, certainly, work on technical issues. Experts and specialists must work on that. I confirm that there is such a possibility. We can use the same Armenian route and Azerbaijani infrastructure. From this viewpoint, this will be a tripartite format of cooperation whether it is Armenia or Azerbaijan. There is also the third possibility – swap, but in this case Iran, Georgia, Russian Gasprom and Armenia should be involved,” he said and added that the last option is the most realistic one.
According to Turan, none of the above-mentioned option could be economically profitable. The commercial deal on power purchase-sale between Georgia and Iran could be considered the most real option. Iran will be able to start export of power, which is generated for it at the Armenian power stations, without any problems. For export of 1 cm of gas to Armenia Iran receives 3 KWh of power in exchange. By increasing gas export to Armenia, Iran could use excess of power to export it to Georgia.
* This year Georgia needs 250-300 mcb of additional volume of gas.—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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