SOCAR is interested in supply of Montenegro with gas, SOCAR President Rovnag Abdullayev told journalists.
“We have worked on the project of gasification of Albania. Montenegro has recently joined this project. Now we are going to work on the joint feasibility study of gasification of Albania and Montenegro and work out one expanded project, which could be more profitable,” he added.
He said SOCAR as soon as the trans-Adriatic gas pipeline (TAP) is launched in Albania, it would be more interesting to distribute this gas in Europe.
The memorandum on mutual understanding on cooperation in development of a general plan of gasification of Albania was signed between the governments of Azerbaijan and Albania on December 19, 2014.--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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