Over 15,000 jobs were created as a part of the Shah Deniz-2 project operated by BP company, Bakhtiyar Aslanbeyli, BP Regional Vice President for International Relationships and Strategy, said yesterday in Baku during the I Azerbaijani CSR Conference-2015 “Stable Development and Corporate Social Responsibility.”
He said the foundation for development of any company is its business activity and investments into the future and BP is proud of supporting several development fields in Azerbaijan.
“At present BP is operator of the Azeri-Chirag-Guneshli, Shah Deniz and Baku-Tbilisi-Ceyhan projects, which employ 2900 Azerbaijani citizens. Majority of them work in Baku, but I would like to mention that Azerbaijani specialists also work in the US, UK and other countries. BP has created over 15,000 jobs on various sites as a part of the Shah-Deniz-2 project, which is worth $28 billion,” Aslanbeyli said.
BP Regional Vice President said that in the future the company will continue investing into development of local personnel.—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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