The recently announced project has become a reality and provides diversification of supply of hydrocarbons to Belarus, the news portal Truth of Gomel reports with reference to Turan.
The first tanker with oil for Belarus was unloaded in the port of Odessa, where the goods came from the port of Supsa. After being pumped into onshore tanks in Odessa, the oil was delivered by railway to the Mozyr Oil Refinery. The Belarusian company starts processing the first batch of Azerbaijani oil in the amount of 84,700 tons. Thus the recently emerged problem of shortage of raw materials at the Mozyr Oil Refinery is solved.
Caspian oil Azeri Light has a potentially high yield of light oil products. It refers to light varieties. To refine Azerbaijani oil, no reconstruction or re-equipment of production is required. The technological equipment of the Mozyr oil refinery allows it to process any sort of petroleum. -12D--
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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