The intermediate agreement on Iran’s nuclear program will not allow Iran increasing oil sales at the world markets, reads the statement of the US administration released on November 24, 2013. The western investors are still banned from working with Iran. The statement reads that the US plans to toughen the sanctions against the Iranian oil industry are postponed.
According to the sanctions applied by the US and European Union, Iranian oil export is limited to 1 million barrels a day. Iran was earlier allowed to sell up to 2.5 million barrels of oil a day at the world market, reported http://www.dw.de.
Voice of Russia reported that the US authorities have unfrozen the Iranian assets worth $8 billion after the agreement on the nuclear program has been reached in Geneva.—0---
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review