Neftegasstroi trust, construction company of SOCAR, continues construction of the enlarged oil collection point on Neft Dashlary (Oil Rocks) field, reported SOCAR press office.
The construction works to upgrade the outdated enlarged separation installations on Neft Dashlary, centralized collection of strata waters to prevent pollution of the Caspian Sea by oil products and protection of environment by creation of utilization system include construction of the enlarged separation installations (1A, 2A, 3A, 4A, 5 и 5A) and the Central oil collection point.
Construction of the enlarged separation installations 1A and 2A and the Central oil collection point is planned to be completed by the end of the year.
The construction works are carried out by the division No 7 of Neftegastroi trust.—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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