Neftegasstroi construction trust of SOCAR plans to complete construction of the offshore platform No 6 on the Bulla Deniz field in May 2015, reads information posted on SOCAR’s official web site.
The works have been ordered by SOCAR’s Narimanov oil and gas production department.
The platform No 6 is designed to drill 4 operation wells and it will be installed on the sea depth of 26 meters.
Construction of the platform started in October 2014. 11 foot blocks of the platform No 6 weighing 160 tons each have been installed. The works to install drilling equipment are coming to the end.
According to SOCAR’s estimates, the platform will be used to extract 600 tons of condensate and 2 million cub.m. of gas a day.
Narimanov oil & gas production department has been developing Sangachal-Deniz-Duvanny-Deniz-Khara island-Zira, 8 March, Alaty-Deniz and Bulla Deniz fields.—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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