Azerbaijani President Ilham Aiyev said that the Azerbaijani side is not opposed to purchase of share of the Italian Snam S.p.A. group in the trans-Adriatic gas pipeline (TAP). Reuters reported that Ilham Aliyev said yesterday while answering questions of journalists at the International Exhibition Milan Expo.
“Why not? If other shareholders are going to sell their share, I do not see any problem here,” said President.
President Ilham Aliyev added that construction of the TAP will be completed in 2020.
Earlier Executive Director of the company Carlo Malakarne said in his intreview to Reuters that since June 2015 the company has started the evaluation works to buy 20% share in TAP.
TAP shareholders include BP (20%), SOCAR (20%), Statoil (20%), Fluxys (19%), Enagas (16%) and AXPO (5%). –0—
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review