Yesterday President Ilham Aliyev met with BP General Executive Director Robert Dudley in Kars, reported presidential web site.
At the meeting the sides have expressed satisfaction with successful cooperation between Azerbaijan and BP and fruitful joint operations for development of the Shah Deniz gas field.
At the meeting the sides have mentioned importance of delivery of additional 6 billion cub.m. of gas from the Shah Deniz-2 field to Turkey in 2018. It has been added that the work on the TAP project is going on and Azerbaijan’s role in safeguarding energy safety of Europe has been highly evaluated.
It has been mentioned at the meeting that BP is among the TANAP shareholders and that work on the projects continues as well.
During the meeting the sides have exchanged opinions on the current state and perspectives of cooperation between Azerbaijan and BP.—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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