Over 237 million tons of oil transported via Baku-Tbilisi-Ceyhan pipeline during period of its operation
From June 4, 2006 till October 1, 2013 237.2 tons or 1,773,000,000 barrels of oil was loaded into 2,304 tankers on the Ceyhan terminal and shipped to the world markets via the Baku-Tbilisi-Ceyhan (BTC) pipeline, reads the BP-Azerbaijan company quarter 3, 2013 report.
During 9 months, 2013 24.7 million tons or 186 million barrels of oil was loaded into 243 tankers in Ceyhan and exported via BTC. From January to September 2012 25.5 million tons or 189 million barrels of oil was loaded into 245 tankers from Ceyhan and transported via BTC.—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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