The President of SOCAR Rovnag Abdullayev who is on visit in Egypt had talks in Cairo with Prime Minister Ismail Sharif. According to the press service of SOCAR, the sides discussed issues of cooperation with the Egyptian state company EGPC.
Rovnag Abdullayev expressed SOCAR's readiness to participate in projects in Egypt under appropriate conditions.
Prime Minister Ismail Sheriff, in turn, highly appreciated the activity of SOCAR in Egypt. According to him, there is a great opportunity for investment in the oil and gas industry in Egypt. He was invited to assess the possibility of promising that the government will provide all possible support to SOCAR. -03D04-
Economics
-
The monopolists of the Azerbaijani internet services market, LLC Aztelekom and LLC Baktelekom, have agreed to raise the minimum monthly internet package price from 18 AZN for 40 Mbps to 25 AZN for 100 Mbps starting August 15. Explaining the new price, these companies want to convince the public that the price has dropped since the internet speed will increase by 2.5 times, thus reducing the cost per Mbps from 45 qapik to 25 qapik. There is no information about the technical innovations in the company that will ensure high traffic speed.
-
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
-
Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
-
Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
Leave a review