For the first time since 1995 oil production in US has topped import of hydrocarbons, Jay Carney, the White House speaker, told journalists yesterday.
“This is a result of increase in oil production and policy pursued by the US administration,” he said. He cited an example of toughening of standards of automobile fuel consumption, which allowed reducing oil consumption, pollution of environment with carbonic acid and reducing the consumers’ costs.
The new strategy of energy safety has been worked out since Barack Obama’s coming to power. It, particularly, envisages reduction of foreign oil import by one third during ten years and increase in local production of hydrocarbons. President offered to reduce energy resources consumption and invest in development of such alternative sources, as geothermal, solar and wind power, bio fuel and production of more efficient and ecologically clean cars, reported http:///www.itar-tass.com.--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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