Yesterday in Sochi Igor Sechin, President and chairman of Board of Rosneft company, had a working meeting with Robert Dudley, Managing Director of British Petroleum group, and Carl Henrick Stavanberg, chairman of BP Board of Directors, reported press office of the Russian oil company.
“The sides have discussed some corporate issues and the course of implementation of the current projects. Rosneft and BP have mentioned a significant potential for further development of mutually beneficial cooperation and decided to accelerate consideration of possibilities of the companies’ involvement in new joint perspective projects,” reads the statement.
BP is the biggest private shareholder of Rosneft.—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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