The completion of the three-passenger vessel in the Baku Shipyard is scheduled for April this year. The ships have been ordered by the Azerbaijan Caspian Shipping Company. According to the Ministry of Economy and Industry, in parallel, the company is building specialized ships "Khankendi" to implement the underground construction work. The customer is bp and the cost of the contract for this work is $ 378 million. In 2015 the Baku Shipyard built two floating rigs and three blocks.
The Baku Shipyard was established in May 2011 with the participation of SOCAR (65%), JSC "Azerbaijan Investment Company" (25%) and Singapore's Keppel Offshore & Marine (10%). The plant cost $ 470 million, of which $160 million is a joint stock capital.
Baku Shipyard is able to produce four ships with a displacement of up to 15,000 tons, two tankers with a displacement of up to 70,000 tons , and four auxiliary vessels per year, as well as to repair 80-100 vessels. 08D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review