According to the preliminary information, from September to October 2013 Gasprom Export increased export by 15.5% against the same period last year up to 118.35 billion cub.m, Gasprom Export press office told Prime agency.
In particular, in September 2013 oil export increased by 24% up to 13.15 billion cub.m.
In 2013 the concern forecasted increase in gas deliveries to Europe by 9.4% up to 151.8 billion cub.m. and to the CIS and Baltic countries by 15.7% up to 74.5 billion cub.m. In June 2013 Aleksei Miller, Gasprom President, said the forecast of export to Europe was increased up to 160 billion cub.m.
In 2012 Gasprom’s production decreased by 4.9% up to 488 billion cub.m. Export to Europe dropped by 7.5% to 138.8 billion cub.m. Export decreased by 8% to 203.22 billion cub.m. In 2013 Gasprom forecasts growth of production by 1.8% up to 495.7 billion cub.m. and in 2014-2015 up to 518 billion cub.m.—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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