LLC "Baku Steel Company" pumps confrontation with the government of Azerbaijan

Limited Liability Company "Baku Steel Company" held 8 April 9 meeting with representatives of a number of Western companies and concluded bilateral agreements and memoranda to establish in Azerbaijan new metallurgical complexes.

However, as it turned out, the contract related to enterprises, not belonging to the LLC "Baku Steel Company" (BSC). We are talking about companies that are in public ownership - OJSC "Daskesan Filizsaflashdirma" (Dashkesan GOK) and JSC "Azerboru" (Sumgayit Tube Rolling Plant).

Inviting partners to the World Economic Forum in Baku, followed by the signing of ambitious documents totaling more than 1.4 billion euros, the owners BSC went to an open confrontation with the government of Azerbaijan and foreign investors.

As you know, LLC "Baku Steel Company" and "SMS Simag" (Germany) agreed on April 8 for an exclusive study project involving the creation of Ganja integrated steel production, the reconstruction of Sumgait Pipe Plant. With the company "Siemens" VAI signed a memorandum of understanding for the construction of on-site Dashkesan GOK new venture.

On April 9, "Baku Steel Company" signed an agreement on these and other projects with companies "Air Liquide" (France) and "Midrex" (USA).

A spokesman of the State Committee on Property of Gulu Khalilov said Turan, the government in the face of the State Committee, "not empowered to conduct BSC on his behalf negotiate and conclude any agreement." The state holds a 97-99% stake in JSC "Daskesan Filizsaflashdirma" and JSC "Azerboru".

Moreover, State Property Committee since 2006 has an agreement with the company on Det.Al Limited to attract investment in the company Dashkesen including cycle from beneficiation of iron ore to the production of marketable products in Ganja. The second entity over which "has his eye" BSC, JSC "Azerboru", to be privatized by the investment competition and while in this direction are in the research stage of the financial advisor.

Director of the Azerbaijan representation "Det.Al Holding Limited" Sarhan Babaev said Turan, the company continues to work in the mine Dashkesan and investing in steel plant in Ganja.

Note that run various rumors over the ownership of the property "Baku Steel Company", which was registered in an offshore territory (Isle of Man, UK). Specify the names of high-ranking officials of Azerbaijan. There is also no exact information about the owners and the group of companies "Det.Al Holding Limited", which in addition to Azerbaijan has an office in the UAE.

It is noteworthy that the name of the LLC "Baku Steel Company" in 2011, are often discussed in the scandalous publications in the local media about the seizure and forced to freeze production of steel and rolled metal medium and small enterprises.

Interestingly, the JSC "Daskesan Filizsaflashdirma", and JSC "Azerboru" were almost the same path of privatization. Both enterprises were privatized through investment competition in 2003-2004 by British companies ("Aldex Limited" and "Targol Investment"). After 2-3 years contract with investors have been canceled due to - no obligations on investment.

A spokesman Namik BSC Akhmedov promised to provide leadership position of taking action in respect of "Daskesan Filizsaflashdirma" and JSC "Azerboru". - 08B-