The repair works continue on the place of gas leakage on the ground installation Bolashak in Atyrau district of Kazakhstan, reported Interfax quoting North Caspian Operating Company (NCOC), the project operator.
“Oil production has been suspended on Kashagan and all the facilities of the ground and offshore complex are in standby mode. The date of resumption of production is unknown yet,” reads the press release.
On September 24 in the morning there was a gas leakage from the gas pipeline stretching from the Island D to Bolashak, 2.5 km away from the plant. The ground section of the gas pipeline has been isolated and cleaned with nitrogen to ensure free access. The ground works to open the pipeline started on September 26 in the evening. The pipeline inspection started on September 27, 2013. The repair works started on September 28, 2013 after establishing the source of the leakage. The investigation has started in correspondence with the safety regulations. The casualties are not reported.—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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