Azneft, SOCAR’s production company, plans to introduce SCADA system to create virtual model of the fields.
SOCAR press office reported that application of SCADA will allow virtualizing the process of fields’ development, refining of extracted oil and gas, their storage, transportation and technological processes.
The system will be used for the uninterrupted control and distant management of the industrial processes and reduction of possible risks.
Application of SCADA system will also lead to reduction of costs and growth of production.
SCADA system will be introduced on the 28 May Oil & Gas Production Company as a pilot project. In the future the system will be applied at all Azneft’s subdivisions.—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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