Sudan is willing to use Azerbaijan’s experience in the oil and gas industry and develop cooperation with State Oil Company of Azerbaijan (SOCAR), Ministers of Sudan said at the meeting with SOCAR President Rovnag Abdullayev at the end of last week in Baku. Sudan’s Ministers have arrived in Baku to take part at the Third International Humanitarian Forum.
Sudan’s Minister of Science, Technology and Telecommunication Rza Bushra Mohammad said that as a Muslim country Sudan is proud of Azerbaijan’s rapid development. He said opening of the embassy of Sudan in Baku will give an impetus to development of trade and economic relationships.
Abdullayev mentioned Azerbaijan’s achievements in the oil and gas production and the latest important events in this area in the past 20 years.
He said that during the period of independence SOCAR has proved to be a reliable partner and it is ready to share its experience in various fields of oil industry with its brotherly country.—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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