LLC "Baku Shipyard" was given the status of a resident of Garadagh Industrial Park (GPP), Turan was told in the Ministry of Economy and Industry. The order on the establishment of the GLP was signed on 3 June this year. By the same document the President instructed the Cabinet of Ministers to prepare proposals for the application of the industrial park in Garadagh other incentives for long-term development of the shipbuilding industry.
Management structure of the GPP is the administration of "Sumgait Chemical Industrial Park," (Schip). Schip is also entrusted with the management of the industrial park Mingachevir. According to the regulations on industrial and technological parks, their residents are exempt from taxes for a period of seven years.
Baku Shipyard has been operating since 2013. The company is able to build four ships with carrying capacity of 15,000 tons each. Its owners are SOCAR (65%), JSC "Azerbaijan Investment Company" (25%), and "Keppel Offshore & Marine" (Singapore, 10%).—08B--
Economics
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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