From January to August 2013 Kazakhstan exported 46,185,000 tons of oil and gas condensate, down 1.1% against the same period in 2012, reported the Kazakhstan State Statistical Agency.
According to the Agency, during 8 months, 2013 oil and condensate export totaled $37,293,800,000 in money terms, down 4.8% against January-August 2012.
During this period oil products export totaled 3,553,000 tons, (up 21.2%) to the amount of $2,132,100,000 (up 15.7%). Oil products import totaled 1,476,400 tons (up 12%) to the amount of $934,100,000 (down 0.4%).
According to the Statistical Agency, during this period natural gas import totaled 3,819,500,000 cub.m. (up 8.5%) to the amount of $379,200,000 (up 8.3%). During this period export of natural gas totaled 13,724,300,000 cub.m. (down 3.2%) to the amount of $1,379,000,000 (down 9.1%).
From January to August 2013 Kazakhstan extracted 45,869,000 tons of crude oil (up 4.8%), 8,082,200 tons of gas condensate (down 5.4%) and 27,722,000,000 cub.m. of natural gas (up 3.3%).—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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