OMV: The Nabucco West project was not selected by the Shah Deniz
The Shah Deniz II consortium informed OMV, as a shareholder of NABUCCO Gas Pipeline International Gmbh (NGPI), about the decision on their preferred gas transportation route to Europe. The Nabucco West project was not selected by the consortium. While OMV accepts the decision of the consortium, OMV is of the opinion that the offer which was submitted by NGPI met all the selection criteria and was highly competitive.
The decision does not influence OMV’s strategy of growing upstream and integrated gas. OMV intends to play a role in further securing and diversifying the gas supply to Europe and will assess alternatives to complement the existing supply routes. OMV believes that a lot of highly valuable work and goodwill has been put into this project which will pay off in future projects, web-site OMV reported today.
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- Photo sessions
- 26 June 2013 16:27
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- Telecomnews
- 27 June 2013 06:47
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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