Since august SOCAR plans to start shipment of chemical products via terminal to Kulevi
Monthly volume of transshipment of chemical products via the Kulevi oil terminal of SOCAR company will total about 4,000 tons. This will become possible owing to the new complex for propylene transshipment.
A source from SOCAR said that annual volume of transshipment of chemical cargoes via the Kulevi terminal will total about 50,000 tons. Transshipment of chemical products will start in August 2012.
The complex for transshipment of propylene includes compressors, transformers, nitrogen stations and a platform for propylene shipment. The complex allows loading products into the tankers directly from the railway cisterns.
Kulevi port was built on the Black Sea coast, in the mouth of Khobizkali river. The ships come to the port through the artificially dug canal 3.6 km long, 160 meters wide and 16-18 meters deep. There are three berths in the port: two deep-water ports to receive tankers with various dead weight, including modern Aframax vessels and one as a parking for auxiliary fleet.-0-
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- Politics
- 25 July 2012 12:30
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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