General Director of the Iranian National Gas Company (INGC) Araki said at the meeting with journalists during the working committee of the International Gas Union in Tehran that until end of the year Iran will be ready to export gas to Iraq if required infrastructure is created in this country, reported IRIB News agency.
Araki added that construction of the objects needed to begin gas export to Pakistan is coming to the end in Iran.
He added that Iranian Oil Minister used all resources for further development of Southern Pars gas field and operation of the 12th, 15th and 16th phases of the field development will begin this year. Development of the remaining phase will be the main priority of the Oil Ministry in the coming years, reported http://iran.ru.--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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