From January to September 2015 Azerbaijan extracted 14,424,900,000 cub.m. of tank gas (growth by 4.2%). During the same period last year the volume of extracted tank gas in the country totaled 13,845,100,000 cub.m.
According to the specified information of the State Statistical Committee, in 2014 Azerbaijan extracted 18,827,000,000 cub.m. of tank gas (growth by 5.2%), of which 14.99 billion cub.m. was natural gas and 3,837,000,000 cub.m. – associated gas.
This year the country is forecast to produce 19.1 billion cub.m. of tank gas.—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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