North Caspian Operating Company (NCOC) consortium jointly with the KMG-Trans Caspian have held an official ceremony to lease the North Caspian Ecological Base for Oil Spill Reaction to the North Caspian project, NCOC press office reported on Tuesday.
“The state agencies and international organizations involved in the oil spill elimination have recognized a powerful technical potential of the consortium. It has been decided to build the North Caspian Ecological Base for Oil Spill Reaction to expand the consortium’s possibilities and reduce the time of reaction for oil spills and protection of coastal line of the north of the Caspian Sea and to mobilize a specialized equipment in the shallow section of the sea,” press office quoted Murat Mukashev, Director of NCOC Corporate Services.
The company reported that the consortium has a specialized oil spill elimination division with the trained staff and the equipment on all offshore objects in Atyrau and on the Bautino base, reported http://newskaz.ru.--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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