The state-run concern Turkmengas will conclude a contract with British Petro Gas LLP to build the infrastructure on the crossing of the second branch of the Turkmenistan-China gas pipeline with Amu Darya river.
Turkmenistan President Gurbangulu Berdymohammadov has signed the decree to increase Turkmen natural gas export to the foreign countries.
Construction is planned to begin in November 2013 and the object is planned to be put into operation in March 2015.
At the last session of the government Berdymohammadov confirmed Turkmenistan’s determination to establish an intergovernmental dialogue with China – a long-term strategic partner, reads the statement of the Turkmenistan government.
Turkmenistan is among the key players at the energy market in the Caspian region and it has been exporting gas to Russia and Iran for a long time. The route to China was opened in 2009 and at present China is among the biggest buyers of Turkmenistan gas and it is going to increase the annual import up to 65 billion cub.m. of gas.—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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