During 6 years Azerbaijan shipped over 189 million tons of oil to world markets from Ceyhan terminal
During 6 months, 2012 Azerbaijan has shipped 15,210,246 tons of oil from the Turkish port Ceyhan.
According to SOCAR, in January the volume of shipment in Ceyhan port totaled 2.45 million tons of oil, in February - 2.36 million tons, in March - 2.5 million tons, in April - 2,773 million tons, in May - 2,414 million tons and in June 2,716 million tons.
In June 1,618 million tons out of 1,716 million tons fell to the profitable oil of the state, incomes from which are accumulated in the State Oil Fund of Azerbaijan.
SOCAR confirmed that 189,228,274 tons of oil was shipped from Ceyhan port since putting of BTC pipeline into operation on June 2, 2006.-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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