Armenian Commission to Regulate Public Services has approved increase in the investment program of ArmRosgasprom closed-type joint stock company (JSC), the monopolist of gas deliveries and distribution at the Armenian local market, by $2,283,000 up to $19,048,000 in 2013.
$1,318,000 will be spent for upgrade of the Abovian underground gas storage, $269,000 for reconstruction of the gas transportation system, $301,000 for subscription of new customers and $393,000 for other costs of the gas distribution network.
ArmRosgasprom was established in 1997, its shareholders are Gasprom and the Armenian Ministry of Energy and Natural Resources. On December 2, 2013 Russian and Armenian Presidents have held talks and signed several documents in the gas industry, which, particularly, envisage increase in Gasprom share in ArmRosgasprom up to 100%.—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