General Director of Daggaz Abdullayev was detained in Makhachkala and taken into custody till February 10, 2014.
He is charged of registration of ownership of non-existent has pipelines in 22 regions of Dagestan with total length of 3.1 million linear meters from June 2008 till April 2013.
According to the investigation, he included the virtual gas pipelines into the lease with Dagestanservice, 100% shares of which owned by Gasprom. As a result of that, the rental fee has significantly increased and a damage worth over 68 million rubles was caused to the daughter company of the monopolist Gasprom Inter-regiongas Pyatigorsk, the main supplier of gas to the North Caucasus, said the lawyer Nasrutdinov.
The lawyer said that the action has been brought on the basis of the statement of Gasprom Inter-regiongas Pyatigorsk.
Former chief of Daggas Board of Directors, ex-Minister of Industry and Energy of Dagestan, Vice Premier, representative of the Kumyk clan, has been earlier detained in Moscow for involvement into the fraud with gas networks.—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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