Topaz Energy and Marine, which has a contract with BP, has bought two new vessels for maintain offshore platforms in the Azerbaijani sector of the Caspian Sea, reads information of the company posted on the official web site. The information says that total cost of the towboat and supply vessel – Caspian Challenger and Caspian Endeavour - is $100 million.
The vessels will be used within the framework of a long-term contract between Topaz Energy and Marine and BP, operator of the Azeri-Chirag-Guneshli (ACG) oil and gas fields and Shah-Deniz gas condensate field development in the Azerbaijani sector of the Caspian Sea.
At present 25 vessels of Topaz Energy and Marine operate in Azerbaijan’s waters. After acquisition of another supply vessel Caspian Voyager in quarter 2, 2014 total number of the vessels will reach 26.—0—
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review