Since 2009 till November 1, 2013 Azerigas company of State Oil Company of Azerbaijan (SOCAR) had laid 23,829,700 km of new gas pipeline.
SOCAR reported that of those pipelines SOCAR built 22,347,600 km gas pipelines in the regions and 1,299,400 km in Baku.
During this period 7,144 km of gas pipelines have been repaired, of which 4,017 km in Baku and 2,984 km in the regions.
Azerigas reported that during 10 months, 2013 the company has laid 7,672 km of new gas pipelines and repaired 1,190 km.—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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