In 2014 BP-Azerbaijan company extracted gas from two projects – Azeri-Chirag-Guneshli (ACG) and gas condensate field Shah Deniz. The company extracted associated gas from the first project and natural gas from the second project.
According to BP-Azerbaijan report, in 2014 2.76 billion cub.m. of natural gas was supplied to Azerbaijan free of charge. The volume of associated gas handed over to Azerbaijan increased by 570 million cub.m. against 2013.
The company has also extracted 9.9 billion cub.m. of gas from the Shah Deniz field. In 2013 BP extracted 9.8 billion cub.m. of gas from the Shah Deniz.
Last year BP-Azerbaijan has extracted a total of 12.66 billion cub.m. of tank gas in Azerbaijan. This constituted 67.7% of the entire tank gas production in the country.--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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