National Iranian Gas Company (NIGS) can buy Turkish gas distribution company Baskent Gaz, Reuters reported quoting the sources close to the situation.
Iran is the second after Russia natural gas supplier to Turkey. Purchase of Baskent will help to strengthen trade relationships, despite the sanctions imposed by the West on Iran, because of development of its nuclear program.
The deadline of submission of applications for purchase of the Turkish company is January 18, 2013. The details are unavailable.
SOCAR planned to buy the gas distribution station of the Turkish capital a year ago. SOCAR's representatives in Turkey claimed that with their own gas deliveries to the Turkish market they will be able to manage the gas distribution company Baskent Gas more efficiently.-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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