"The management of the company Rustavi Steel reviews the application from the owners of Baku Steel Company in the newspapers as an open PR campaign against a strong competitor." So the company commented the interview (http://xalqqazeti.com/az/news/economy/37136) with the owner of Baku Steel Company Rasim Mammadov, in which, inter alia, he stated that construction rebar produced by Rustavi Metallurgical Plant and imported into Azerbaijan is of poor quality.
Since 2012 Fittings Company Rustavi Steel certified and produced according to DSTU 3760-2006 (Ukraine). The steel is produced under the supervision of Russian advisers from famous Russian firms. Control of the chemical composition of the steel is at the present optical emission spectrometer ARL 3460, which is bought in 2012
Mechanical testing of valves manufactured by modern tensile machine CY-6040 A 12 with a computer issuing test reports, which eliminates the possibility of error. This machine is certified by the Georgia standards body. This machine also performed mechanical testing of pipes produced by the standards of API Spec.5L, API Spec.5CT, which is certified by the American Petroleum Institute, they told Turan in Rustavi Steel.
"In addition, for 2012 and 2013 the plant did not receive any formal complaints about the quality of fittings, including from customers in Azerbaijan.
Given the above, the management of Rustavi Steel offers to all its customers in the event of any claim to immediately contact us to investigate the issue through scientific survey involving local or international independent laboratory," the response of the Georgian company reads. - 08B-
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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