Patrick Puyanne, head of the French Total oil and gas concern, urged to avoid politicization of Russian gas export to Europe.
“I would like to emphasize Russia’s role at the world gas market. Russia occupies the first place in the world. Russian gas is delivered to Europe via Ukraine and there is too much politics in this issue,” he said at the opening ceremony of the World Gas Congress 2015 in Paris.
He urged to find compromise and find a diplomatic solution, because Russia is an important business partner of Europe.
He reminded that Total owns a share in the Russian LNG project – Yamal LNG.
Puyanne also said that Europe will certainly increase share of the renewable sources of power, but the role of non-renewable sources will remain significant and “one should not compare them.”—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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