On February 4, the Georgian Energy Minister Kakha Kaladze arrived in Baku for talks with the leadership of the State Oil Company of Azerbaijan (SOCAR). Subject of the negotiations is the supply of gas from Azerbaijan.
The Georgian Energy Ministry press service reported vaguely that at the meeting with the President of SOCAR Rovnag Abdulayev "the issues of cooperation and prospects" will be discussed. Earlier, the Georgian side requested an increase in gas supply in connection with the possibility of reducing the volume of gas from the Russian Gazprom.
The same topic was discussed in January during the visit of Rovnag Abdullayev to Tbilisi. Then it was agreed to increase the supply from Azerbaijan by 50 million cubic meters.
Georgia needs 2 billion cubic meters, of which 90% comes from Azerbaijan and 10% from Russia as payment for its gas transit to Armenia.
Earlier, Moscow said it will sell gas to Georgia and not give it for free, as a transit fee.
After that, the Georgian side raised the issue of increasing purchases of gas from Gazprom and the reduction of supply from Azerbaijan, which caused tension between Baku and Tbilisi. -02D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review