The participation in the international exhibition (1-4 June) and Conference Caspian Oil & Gas-2016 has been confirmed by the Special Representative for Trade of the British Prime Minister Baroness Emma Nicholson and US Deputy Assistant Secretary of State for Energy Diplomacy Robin Dunnigan.
The exhibition, which is an annual range of activities with the support of the Ministry of Energy of Azerbaijan and SOCAR, is to be held in Baku from May 31 to June 6 inclusive. The organizers of the 23rd in a row exhibition Caspian Oil & Gas-2016 are the British ITE Group and its exclusive partner Iteca Caspian.
This year it will feature 247 companies from 30 countries of the world. The exhibition will feature sections, in particular for the development of oil and gas fields, construction and operation of wells, pipeline construction and transportation of hydrocarbons. --17D-
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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