On November 26, 2013 the Caspian Pipeline Consortium (CPC) plans to approve the extension project, considering the amendments, reported Interfax quoting Nikolai Brunich, CPC General Director.
He added that at the end of November CPC will put into operation the third mobile mooring facility.
We plan to launch the next terminal in Novorossiysk in November 2013,” Brunich said.
He reminded that the CPC started trial of the mooring facility No 3 in August 2013 and it took 2.5 months. He specified that the mooring facility is planned to be launched at the end of November.
The CPC extension project is between 6 to 12 months behind the schedule. Brunich explained that there were many objective and subjective reasons of delay.
There was a need to bring demands of the western companies into correspondence with the Russian laws and there was delay with equipment delivery. But the situation has changed now, he said.—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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