BP announced today the appointment of Rashid Javanshir as Senior Vice-President, Strategy and Integration, based in London. Rashid has led BP's regional business in Azerbaijan, Georgia and Turkey since September 2009.
Gordon Birrell will succeed Rashid Javanshir as BP's Regional President for Azerbaijan, Georgia and Turkey (AGT), with effect from November 15, 2012. Gordon is currently Head of Safety and Operational Risk for BP's Production Division, responsible for driving improvements in BP's operating quality across the company's global Production Division. He is an experienced leader that was previously involved in the company's exploration projects in Azerbaijan (he was Vice-President of BP-Azerbaijan).
* Recall that a series of personnel changes in the BP-Azerbaijan started after the October 11 meeting of the government, where Azerbaijani President Ilham Aliyev criticized the company for a sharp drop in oil production in the fields of contract.
* A citizen of Azerbaijan Rashid Javanshir for 17 years has held various senior positions at BP. Last year, the President of Azerbaijan awarded him the Order of Glory. - 12D -
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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