In January 2014 oil export from Russia decreased by 3% against January 2013 and totaled 19,267,000 tons, according to the Central Dispatcher Department of the Ministry of Energy of Russia.
Oil deliveries to Far Abroad decreased by 0.1% to 17,391,000 tons, to Near Abroad – by 23.6% to 1,876,000 tons. In January 2014 transit of Kazakh oil decreased by 0.6% and totaled 1,663,000 tons.
In January 2014 LUKoil exported 7,359,000 tons to Far Abroad via Transneft’s pipeline (growth by 2.4%) and Rosneft – 17,036,000 tons (growth by 1.4%), Surgutneftegas reduced export by 0.2% to 5,202,000 tons, Gasprom increased by 1.9% to 4,244,000 tons and Bashneft increased by 6.3% up to 1,404,000 tons.—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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