During September 2013 world oil production dropped by 0.33 million barrels a day against August and totaled 89.93 milion barrels a day, reads the OPEC report about the state and conditions of the world oil market, reported RBC.
In September oil production by the OPEC member-states decreased by almost 390,000 barres a day against Augist to 30.05 million barrels a day.
In September 2013 Nigeria, Algeria and Angola have increased oil production, while Iraw, Lybia, Saudi Arabia and Venezuela decreased oil production.
The official limit of oil production by OPEC is 30 million barrels a day till the end of 2013. The quote of the first semi annual period in 2014 will be discussed by the OPEC member-states Ministers at the session on December 4, 2013.—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