Turkmenistan has presented no official applications to Azerbaijan about the submission of the situation around the Kapaz oilfield to the International Arbitration, the Azerbaijani Foreign Minister Elmar Mammadyarov told the media today.
He noted that Turkmenistan's intention to address this issue to international arbitration has become known from statements by Turkmenistan officials to the press. However, no official note has been directed from Ashgabat to Baku.
Mammadyarov said that Azerbaijan is for solving the problem on the basis of the median line in the Caspian Sea. It was on this principle that Azerbaijan, Kazakhstan and Russia held a sector division of the Caspian Sea between them.
Mammadyarov said he hoped that on the basis of this principle the sector division problem between Azerbaijan and Turkmenistan, and Azerbaijan and Iran will be solved. -06C-
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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