"Baku Steel Company" (BSC) after taking under its control almost the whole rolled steel market in Azerbaijan, has expanded its expansionist policy abroad. On July 22 the management announced on the implementation of large-scale plans in the three countries. The company has completed construction and installation works at a metallurgical plant in Fujairah (UAE). Production capacity is 1 million tons per year. The Caspian Steel reconstructed a steel plant in Aktau (Kazakhstan.) The third project is the construction of a metallurgical complex in Iran. Negotiations with the government of that country for this project met the requirements of the company BSC. Metallurgical complex in Iran provides for the ore concentration.
Reconstruction of a steel plant BSC in Baku completed. In 2011-2014 for this purpose were invested about 200 million manat.
Since its commissioning in 2001 was produced 3.5 million tons of products, from which more than 1 million tons were exported.
The authorized capital of LLC "Baku Steel Company" was formed on the basis of equity in three companies in Baku. According to the International Register of legal entities, "Baku Steel Company ltd" is a legal entity of the Man Isle. It is unknown who controls this giant company, with annual capacity of 1 million tons of steel products.--08D—
Economics
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The State Oil Company of Azerbaijan (SOCAR) and Subsea7, a global leader in offshore engineering and construction, are exploring further collaboration on new projects in the Azerbaijani sector of the Caspian Sea. During a meeting between SOCAR President Rovshan Najaf and Subsea7 CEO John Evans, the two sides discussed the potential for Subsea7’s technological innovations to play a role in upcoming ventures. They also considered other areas of mutual interest for both companies.
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According to the State Customs Committee and the State Statistics Committee, Azerbaijan saw a significant increase in meat imports during the first nine months of 2024, amid more modest growth in domestic production.
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The event "Sustainable Transport of the Future" is being held in Baku on Wednesday, organized with the support of Azerbaijan Railways CJSC, aimed at promoting the concepts of sustainable transport that minimizes environmental impact. The event highlights environmentally friendly transportation options, such as walking, cycling, green public transport systems, and eco-friendly vehicles, all contributing to the reduction of greenhouse gas emissions.
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On October 23, 2024, the 3rd Conference of Energy Ministers within the framework of the "One Belt, One Road" (OBOR) initiative opened in Qingdao, China. Energy ministers from around the world gathered to discuss critical issues related to global energy security, the transition to clean energy, and innovations in the sector.
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