Developing cooperation between Azerbaijan and Poland in the gas sector has become one of the topics of discussion during a meeting of foreign ministers of both countries, Elmar Mammadyarov and Radoslaw Sikorski, in Baku on Wednesday, during a press conference. According to Sikorski, Poland is looking for alternative supply routes and to diversify sources of supply for the purchase of gas from Russia
The countries of the Visegrad Group, currently chaired by Poland, and include Bulgaria and Romania can become a consumer of Azerbaijani gas, he said.
Mammadyarov, asking the question on agreements signed between Azerbaijan and Turkey on the construction of the Transanatoliy pipeline (TANAP), a pipeline will be launched in 2018, and deliver gas to the borders of the EU.
Possible options for Azerbaijani gas pumped through the Transandriatic pipeline, could be destinations to Italy, and NabuccoWest, delivering gas to Austria, Mamedyarov said.
Currently, the interested oil and gas companies are discussing the choice of one of these routes. Mammadyarov said that the discovery of new gas fields in Azerbaijan allows to increase gas exports to Europe. –06С--
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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