From July 2, 2013 gas transportation from Azerbaijan to Iran was suspended, because of the repair works on the Hajigabul-Astara gas pipeline, SOCAR press office reported yesterday.
“Gas supply of the Astara modular power station will be also suspended during the repair works from July 3 to 4, 2013,” reads the statement.
Azerbaijan delivers gas to Iran as a part of the swap operations to supply Nakhchivan Autonomous Republic (NAR) with gas since 2006. SOCAR hands over gas to the Iranian National Gas Company on the Azerbaijani-Iranian border in Astara and then receives the similar volume of gas on the Iranian-Nakhchivan border via the Khoy-Julfa pipeline. Iran imports additional 15% of the volume pumped to NAR for its services.—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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