The Azerbaijani Minister of Energy Natig Aliyev discussed prospects for participation of the Italian company Tenaris Global Services in local projects with its Executive Director, Paolo Rocca.
According to the Ministry, it can be done against the background of the opportunities provided by a long-term cooperation with Italian partners, as well as joint projects between Azerbaijan and Italy.
Judging by the negotiations, we are talking about the Southern Gas Corridor service of a number of positions provided for the project and its integral part - the Trans Adriatic Pipeline (TAP), according to which in 2020 gas will be delivered to Europe.
Tenaris Global Services Company was founded in 1909 and for nearly 50 years it has been specializing in serving energy projects. Its offices operate in 50 countries on all the continents. --17D-
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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