SOCAR could build oil refinery in Kyrgyzstan only as soon as it solves the issue of Kazakhstan oil deliveries to the country. Kyrgyzstan officials already take real steps and they offered its neighbor Kazakhstan the shortest route of oil deliveries to China via its territory.
On September 2, 2012 after the meetings with the Chinese officials in Urumchi Temir Sariyev, acting Minister of Economy and Anti-Monopoly Policy of Kyrgyzstan, said that “China is interested in construction of Kazakhstan-Kyrgyzstan-China oil pipeline and gas pipeline from Turkmenistan via south of Kyrgyzstan.” He said China is ready to support all infrastructural projects.
At the session of the coordination group Kyrgyzstan-China Sariyev said possible route of gas pipeline from Turkmenistan to China via south of Kyrgyzstan will be considered. He said the terms will depend on the Chinese company, which is going to build jointly with Turkmenistan.—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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