State Oil Company of Azerbaijan (SOCAR) has confirmed that it has extinguished fire on the well on the Bulla Deniz offshore field.
SOCAR reported that the specialists of SOCAR jointly with the US Boots & Coots company have completed installation of the anti-flow equipment on the mouth of the well, the well was fully taken under control and fire has been extinguished.
The works to connect the well with the manifold are currently in progress. “At the next stage we will fully solve the problem,” reads the statement.
The exploration well No 90 on the Bulla Deniz field caught fire on August 17, 2013. It was extinguished only on October 23 in the evening.—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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