Indonesia is interested in development of trade-economic relationships with Azerbaijan, despite quiet a distance between the countries, Irman Gusman, chairman of the Indonesian Council of Regional Representatives, told journalists at the end of last week.
He added that considering a developed oil industry of Azerbaijan, Indonesia would like to establish cooperation in this field. Gusman said that at present Indonesia is a big oil importer. "For this reason we have offered the Azerbaijani government to consider a possibility to build an oil refinery in Indonesia," Gusman added.
He said the Azerbaijani government took the proposal with understanding. Guzman apparently has in mind the November visit of President Ilham Aliyev to Jakarta, where this question was discussed.
* The governments of Kyrgyzstan, Tajikistan and Georgia have requested the Azerbaijani government to build oil refineries in these countries. Various companies have also requested State Oil Company of Azerbaijan (SOCAR) to buy shares of the oil refineries in Italy and Ukraine. However, SOCAR decided to invest capital into construction of STAR oil refinery in Izmir, Turkey, which is going to start in 2013.-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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