From January to April 2015 Azerbaijan exported 11,124,548 tons of oil, down 1.4% against the same period in 2014, reported the Azerbaijan State Customs Committee.
According to the meters, during 4 months, 2015 8,839,695 tons of oil was exported via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline (of which 719,947 tons of gas condensate from the Shah Deniz field), 1,456,843 tons via the Baku-Supsa oil pipeline, 424,351 tons via the Baku-Novorossiysk oil pipeline and 403,658 tons to the Georgian ports by railway.
The declared volume of exported oil totaled 7,932,937 tons to the amount of $3,275,414,047. Since early year Azerbaijan has sold 1 ton of its oil at the price of $412.89 or $55.79 per barrel. According to Turan, this price is down 48.8% against the same period last year.—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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