The handmade oil and oil products refining installation has been found by the employees of the Foreign Ministry on the territory of the Mozdok experimental mechanical plant. Judging by the volume of heating fuel available in the tanks, about 40 tons of low quality straw oil was produced here a day, reported Regnum news agency.
A source from the Foreign Ministry said that gas installation connected with the other equipment with rubber hoses was used for illegal oil refining. The installation is owned by the resident of Argun city, Chechen Republic, and gas was stolen by cutting into the gas pipeline. In 2011 46-year-old rent a premises on this territory for illegal business. He was punished later.
According to the preliminary information, criminal case will be instituted against the owner of the mini-plant. The second case will be instituted for illegal business.—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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