Azerbaijan, Baku / corr Trend I.Khalilova / International analysis of the project on construction of a ship-building plant in Azerbaijan will be held by the independent consulting company which will be selected by jointly Azerbaijan Investment Company and South Korea's holding company STX, said AIC Executive Director, Anar Akhundov.
"Discussions are already held on the candidatures of the companies which include European, Korean and other companies that have experience of assessing such projects," Akhundoa said.
The memorandum on the joint financing project was signed between the Azerbaijani Investment Company and STX in Seoul on 24 April 2007. The Korean holding will be the main shareholder and the Azerbaijani Investment Company plans to acquire 25% of the shares.
A ship-building facility will be complementary to the project on the construction of a new oil terminal and port in the Garadag region of Azerbaijan. Kazakhstan oil will be transported through this terminal via the Baku-Tbilisi-Ceyhan pipeline to Europe.
Kazakh tankers can be repaired at the ship-building plant in Azerbaijan like other vessels from the Caspian region. There are no other enterprises similar to this one in the country. Orders for the construction will be accepted within the country and without.