The US Westport Trading Europe Limited Corporation has been assembling the installation for manufacture of high-quality bitumen – one of the main material for construction of highways – at the Seidi oil refinery, reported Turkmenistan.gov.tm.
From 2001 to 2004 specialists of Trading Europe Limited Corporation, the oil refinery and Ufimsk State Oil and Gas University have worked out the technology, which allows producing the road bitumen with the quality equal to Iranian one up to the international standards.
As a result of thermal decomposition of high-molecular paraffin the bitumen’s properties improve significantly and bitumen’s resistance to aging remains very high, because unsaturated hydrocarbons are removed from the bitumen as a result of the vacuum distillation.
The method and scheme of its application to Turkmen oil has been worked out during the scientific studies. The proposals are based on the results of detailed experiments on the pilot installation with the samples of oil products produced at the Turkmen oil refinery.
Construction of the adapted installation for road bitumen production is in progress since summer 2012 on 9 hectares of the Seidi oil refinery. According to the terms of the contract, the road bitumen production installation with the capacity of 37,200 tons a year must be ready to operation by summer 2014.—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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