Azerbaijan centralized its shipping company. As previously reported, yesterday President Ilham Aliyev signed a decree on the establishment of JSC Azerbaijan's Caspian Sea Shipping, bringing together the resources of state shipping company Caspian Shipping Company (Kaspar) and the Caspian Sea Oil Fleet of the state oil company SOCAR.
Responding to a question about whether solutions Turan, the head of SOCAR Public Relations Nizamaddin Guliyev noted that the recent commissioning of the factory ship (the project is implemented by SOCAR Azerbaijan Investment Company and the Singapore-based Keppel Offshore & Marine with 65, 25 and 10 % equity interest) and the construction of the port led to the centralization of the industry. In addition, the state oil company has become an active regional player not only in the sector of the Caspian Sea, but also in the Black Sea and the Mediterranean Basin.
Kaspar is 100% performs identical functions - there was placed the orders for the transportation of oil and oil products, as was appropriate to create a unified industry structure, he said.
"As regards the appointment of Rauf Veliyev the head of the Closed Joint Stock Company, he is the boss of the transport office of SOCAR, has previously been the captain of a vessel, and has practical experience of management and organization. He is young, energetic, and elders will help him," said Guliyev .
Total on balance of the new government structure there are about 330 ships, some of which serve a term of operation - SOCAR Oil Fleet had 250 and Kaspar had 80 of them. Since 2003, overseas ordered were 16 ships for the main operator of oil projects in the Caspian Sea - BP Corporation.
According to experts, the creation of CJSC Azerbaijan's Caspian Sea Shipping does not imply a weakening of transportation management positions of SOCAR, because its president Rovnag Abdullayev, personally recommended Rauf Veliyev for the post of steering the new monopoly. Centralization and concentration of financial flows also means strengthening of presidential power and the ruling of the Nakhichevan clan, the evidence of which was resignation of the former multi-year head of Kaspar Aydin Bashirov and his change by a man who comes from a different region.
In addition, the centralization of transport capacity of the oil monopoly may lead to a denial of service fleet of the company Palmali (it has its own fleet of 170 large-tonnage ships and carries around the world oil from the Caspian basin ), the owner of which is an Azerbaijani citizen of Turkey Mubariz Mansimov, experts in the absorption of businesses believe. - 17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review