SOCAR and "Transneft" sign a new contract for the transportation of oil through the Russian Federation
SOCAR and "Transneft" today signed a new contract for the transportation of Azerbaijani oil via the Baku-Novorossiysk pipeline, Turan was told in the SOCAR.
According to SOCAR, the parties signed a new agreement "on the basis of mutually beneficial commercial terms."
From October 2007 until the present time "Transneft" transported the Azerbaijani oil through Russia at a rate of $15.67 per tonne. Then, the Russian side announced an increase in the rate by two times. SOCAR does not report at what price Azerbaijani oil will be delivered now.
On 14 February expired the term of validity of intergovernmental agreement of 18 January, 1996 between Russia and Azerbaijan on transportation of Azeri oil through Russia. Therefore, from 15 February SOCAR began transporting oil through Baku-Tbilisi -Ceyhan pipeline.
In 2013 , SOCAR exported via the Baku-Novorossiysk 1.75 million tons compared to 2.06 million tonnes in 2012.—12B--
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review