Sperry Drilling Worldwide Cyprus Limited company has opened its office in Azerbaijan.
Vergiler newspaper, an official organ of the Azerbaijan Taxes Ministry, writes that Sperry Drilling Worldwide Cyprus Limited has been registered by the Azerbaijan Taxes Ministry. Randall Gilchrist is an official representative of the company in Baku. The office has been registered at 55 Zarifa Aliyeva street, Sabail district, Baku.
Sperry Drilling Worldwide Cyprus Limited has been registered in Greek Cyprus on December 25, 2015.
The head office of the company is located in Houston, Texas. Sperry Drilling Worldwide Cyprus is the drilling subdivision of the US oil service giant Halliburton. The company offers the solutions to optimize drilling processes to improve quality of well bores and raise efficiency of the wells construction in general.
Halliburton company has been working in Baku since the mid-1990s. It performs orders mainly for BP-Azerbaijan company.—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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