Yesterday morning at 7:20 a.m. there was an explosion on the pipe Gazimagomed-Gazakh. The resulting fire was extinguished by noon. The explosion occurred on the section of the pipeline passing through the village Garabaggal in Goychay. The flame height reached a hundred meters and the glow could be seen even from neighboring areas, according to eyewitnesses. Extinguishing the fire was difficult because of ice, as it was difficult to move heavy machinery.
According to preliminary information, the cause of the explosion was a gas leak. The accident did not cause disruptions in gas supply to the population.
As reported in the Azerigaz Production Union, gas supplies have been diverted to the auxiliary line. The restrictions did not affect the exports of gas to Georgia. At present, the damaged area is under reconstruction. -16D06-
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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