The pipes on the Kashagan field in Kazakhstan, where lekage has been detected, have ben replaced and sent for examination, reported official media of Kazakhstan.
“The pipeline will be examined by a special robotic device. The pipeline sections, where the leakage has been detected have been replaced and sent for examination to determine the leakage reason,” reported the media.
The artificial islands were build on the Kashagan field in the Caspian Sea and wells have been drilled there. The islands are connected with the onshore Bolashak installation with the oil and gas pipelines.
On September 11, 2013 North Caspian Operating Company (NCOC) annonced commencement of oil production on Kashagan as a part of the production sharing agreement (PSA). However, at the end of September and early October leakage was detected on the ground section of the gas pipeline, 2 km away from the Bolashak plant. The oil production has been suspended.
Kashagan field is located in the shallow section on the north of the Caspian Sea, which has a fragile ecological system. The oil and gas production is complicated here, because of high bed pressure, depth of bedding and high content of hydrogen sulphide.-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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