State Oil Company of Azerbaijan (SOCAR) is not opposed to pumping of its oil via the Baku-Novorossiysk pipeline, Rovnag Abdullayev, SOCAR President, told journalists. He added that the conditions of transit must suit Azerbaijan.
SOCAR President said that till the end of 2013 the deliveries will be based on the agreement. The current transit tariff of $15.67 per ton remains in force. The sides will hold meetings and talks on the commercial conditions of transportation of Azerbaijani oil via the Baku-Novorossiysk pipeline to fix new fees.
In particular, Abdullayev said the guarantee of the oil quality in Novorossiysk port, possibility of transportation of oil of the third parties via it and the possibility of reverse deliveries will be discussed. If the conditions suit SOCAR, the company will continue the deliveries.
SOCAR President explained that Azerbaijan has enough routes to export its oil to the world markets. The Baku-Novorossiysk pipeline was among those routes, therefore termination of the agreement will not be a problem for Azerbaijan.
"We have Baku-Tbilisi-Ceyhan (BTC) route (it is loaded 55%), Baku-Supsa and the railway," Abdullayev said.-0-
Economics
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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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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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