Palmali -  Professionalism and Strategy: Interview with President of Palmali Group of Companies

Azerbaijan, Baku, 16 September /corr. Trend S.Aliyev/ Palmali Group of Companies has wide working experience in many spheres of business, establishing a reputation as a reliable partner over its entire ten-year activity. The interview with the President of Palmali, Mubariz Mansimov, is presented to the attention of the readers. 

Question: The most complimentary views are being heard with regards the company headed by you. Moreover, the geography of its activity is so wide that you are lost in the guesses: you in Turkey, in Russia, and in Azerbaijan... But how did you determine the national belonging of Palmali?

Answer: Now and then it reaches the oddities: here, in Turkey, Palmali is considered as Russian company, in Russia we are called as Turkish, in Malta - Turkish-Russian. Therefore, I consider Palmali as an international transport company. The company employs nearly 45,000 people, and majority of them are descendants from the former Soviet Union.

Our independent companies are registered in each state, where we are present. Initial capital investments were made by our holding registered in Malta, and the beginning of our business went from Turkey, where the head office is now located. We deal, first of all, with the international marine transportation, and last year we transported nearly 78mln tons of oil and oil products.

Question: Recently a large deal was announced to be signed by the alliance of companies Palmali/SOCAR on acquisition of half of the share in the Turkish construction company Tekfen. The alliance will provide Tekfen with work totaling $37bln. What are envisaged to be realized within these funds?  

Answer: All joint projects will be realized not only in Azerbaijan, but also in the countries where Palmali group of companies function. The company has more than 19 representations in ten countries worldwide. 

Question: Palmali owns one of the largest fleets in the world. What are the plans for its expansion in the near and medium-term perspective? 

Answer: Each year Palmali group of companies increases the freight-carrying capacity of its fleet, acquiring and building new ships. Agreements have already been signed on building of 25 vessels of the mixed kinds, including tankers and dry cargo, within three years. In particular, a contract envisaging building of ten tankers was signed last year. Preliminary period of the delivery of the first five ships of New Armada is 2008, other five - 2009.

The first tanker was laid in May last year, four tankers - in June. Further five tankers were laid n February 2008, which should be delivered in 2009. The ships of New Armada were given additional sign in the symbol of class - "Echo-project". Sign testifies that already at the stage of projecting, further requirements are introduced to this ship for preventing pollution in during the shipwreck.
These ships will be used for the transportation of oil and oil products in the Black, Azov, Baltic and Mediterranean seas.

Question: Palmali closely co-operates with the State Oil Company of Azerbaijan (SOCAR) in the transportation of the Azerbaijani oil from the Port of Ceyhan where it is delivered via Baku-Tbilisi-Ceyhan pipeline. What stage of the project is active? Are there plans to involve new ships to transport Azerbaijani oil?

Answer: Beginning from last year, our company began to acquire large-capacity ships under the project of Baku-Tbilisi-Ceyhan. Last year we acquired two tankers of class "Suetsmaks" with deadweight of 165,000 tons for $96mln per each. Both tankers were built in South Korea on the shipyards of the Hyundai Heavy Industries Company. These ships are approved by the leading world oil companies with respect to security of the transportation of liquid cargoes. The key goal of acquiring these tankers is to transport crude oil from the Port of Ceyhan in accordance with the long-term contract, signed between Palmali and SOCAR. The ships were named after Nationwide Leader of Azerbaijan, Heydar Aliyev, and his spouse, academician Zarifa Aliyeva.  

Furthermore, a contract was signed for acquisition of two tankers of Afromaks of Japanese production by the end of the year. The deadweight of each tanker is 105,000 tons, length - 237,74m, width - 43,03m. The cost of the purchase-sale contract was $160mln. The acquired tanker will transport the oil, pumped over the coast of the Mediterranean Sea via the BTC pipeline. Tanker will be named "Azerbaijan" and "Baku".

There are plans to acquire two ships of Suetsmaks and Afromaks next year. The number of large-capacity ships under the BTC project will compose eight. In general $500mln will be spent on purchase of ships under BTC by the end of 2009.

Question: What activities does Palmali carry out in addition to marine transportation? 

Answer: For example, we have VIP- airline, which has today three aircrafts, two more will arrive this year. We purchased the airline from the group of Tekfen two years ago. This is one of Turkey's first private companies, which appeared in 1953. Earlier it was called Tekfen-avia, but now - Palavia. Now we hold negotiations on acquisition of two aircrafts Boeing-737, converted into the cargo version because from the next year we will check ourselves at the market of air cargo transportation which is new for us. We also deal with the repair of the air vessels Falcon and together with Dassault we will open a service center in Istanbul.

We have a construction company, which actively works in the Turkish and Azerbaijani markets. It builds the largest hospital in Turkey, we erect a good hotel of Baku, which will be launched by the end of the year, and there is a dairy plant. Furthermore, we have a media group, which includes two radio stations, Internet portals and magazine. Our basic work is transport and logistics, but there are many other segments, in which we participate.

Question: What are the perspectives for expansion of media group?

Answer: In August last year, broadcasting of the radio station PAL FM began, which covers audience of up to 35mln people. Its programs are transmitted in Istanbul, and also in the densely populated region of Marmara - in the provinces of Izmir, Burs, Bolu, Balkesir, Edirne and Chanakkala. Palmali also acquired one more FM-radio station, which is broadcasted in the entire territory of Turkey. We opened an Internet portal titled PAL Hаber.

Question: Does the company intend to continue active work on realization of social projects?  

Answer: Constructed by Palmali Company, one of the largest hospitals in Istanbul is planed to be opened in June of the next year. Similar project is envisaged to commence at the end of this year and beginning of the next year in Baku.   

Furthermore, actively work is being carried out to present dairy products under the commercial stamp of Pal Süd, produced at our plant in Azerbaijan's city of Lankaran. Constructed in accordance with the contemporary standards, the enterprise produces milk products at 25 types. The daily processing capacity exceeds 150 tons. As a whole, more than 150 tons of milk is produced in Lankaran per day, taking this into account the new processing enterprise. Plant created new jobs for more than 1,000 families. We want to make Pal Süd national commercial sign. The plans also include new projects in the sphere of food industry.

Question: Group of companies pays considerable attention to sport. You have ponderable word in Azerbaijani football. What should be done for the development of the national team in order to put an end to failure? 

Answer: I consider that it needs to invest in the sport infrastructure of the country. It is necessary to develop all types of sport amongst youth, paying significant attention to the child sport.

Question: Your Club Khazar-Lankaran could not win the recent football championship of Azerbaijan. What is the reason for it, and if this repeats, what steps will be taken? 

Answer: Khazar-Lankaran will always eager to gain the title of champion. I see Khazar-Lankaran as a team that is capable to join European tournaments. In the near future, it will show that it is one of the best teams of League and gain its way to the European arena. 

Question: Why did you elect exactly Rasim Kar for the post of chief coach for Khazar-Lankaran? He already was the coach of this team, but under his leadership, the team could not gain any considerable victories.   

Answer: Last time I opposed Rasim Kar's leaving the team. In my view, this man is a remarkable coach who is capable to lead our team to the international arena. I believe him.   

The correspondent can be contacted at: [email protected]

Subscribe to Trend in Google News! Subscribe
Economy min: Facilitating banking transactions part of Iran-Russia agreements
Economy min: Facilitating banking transactions part of Iran-Russia agreements
Excellent Iran-Russia ties serving strategic goals - Iranian president
Excellent Iran-Russia ties serving strategic goals - Iranian president
Afghanistan opens gates of Kamal Khan Dam allowing water into drought-hit Iran
Afghanistan opens gates of Kamal Khan Dam allowing water into drought-hit Iran
Loading Bars
Higher oil revenues to boost Turkmenistan's GDP growth - Fitch
Iranian currency rates for January 20
Azerbaijan's FM meets with head of IAEA in Vienna (PHOTO)
Azerbaijan expects another wave of COVID-19 pandemic - Health Committee of Parliament (VIDEO)
Azerbaijan's Mediation Council, MUSIAD sign cooperation protocol (PHOTO)
ITFC extends US $15 Million Line of Financing Facility to Uzbek Industrial and Construction Bank
ITFC extends US$ 15 Million Line of Trade Financing Facility to Invest Finance Bank
Switzerland recognises Georgian Covid-19 certificates
Economy min: Facilitating banking transactions part of Iran-Russia agreements
Turkey expects coronavirus cases to peak in February
Number of COVID-19 cases in Kazakhstan tops 1,100,000
Chinese bridge at Pangong Tso nears completion, show satellite images
Beijing city raises vigilance as local COVID cases tick higher before Olympics
Over 300 mln COVID-19 cases confirmed all over world, WHO says
U.S., UK launch talks to resolve steel, aluminum dispute
India should adopt risk-based approach not blanket bans to contain Covid - WHO India head
Turkey, UAE sign FX swap deal worth $5 billion
Covid-hit microfinance industry in India seeks higher credit guarantee scheme
Excellent Iran-Russia ties serving strategic goals - Iranian president
Turkey soon to leave currency volatility behind: Erdogan
Cryptocurrency Bill in India unlikely to be introduced in upcoming Budget session
Head of EU delegation expresses condolences to Azerbaijan on occasion of January 20 tragedy
First Vice-President Mehriban Aliyeva shares post on her official Instagram page in connection with 32nd anniversary of January 20 tragedy (PHOTO)
Azerbaijan commemorates 32nd anniversary of 1990 'Black January' tragedy
Organization of Turkic States makes post in connection with January 20 tragedy
UK shares experience in mine action with Azerbaijan - Ambassador
Azerbaijan adheres to start of delimitation of border with Armenia process without any conditions - minister
PM Johnson drops COVID rules in England
President Ilham Aliyev makes Facebook post on occasion of anniversary of January 20 tragedy (PHOTO)
Afghanistan opens gates of Kamal Khan Dam allowing water into drought-hit Iran
Azerbaijan hosts auction for commissioning mineral deposits
Russia allows tomato imports from several Turkmen enterprises
Azerbaijan to showcase its non-oil products at int’l exhibitions
Price indexes of financial, construction sectors at Uzbek stock exchange fall
Uzbekneftegaz creates new unit to handle partnerships with world's largest financial institutions
Money transfers from Georgia to Azerbaijan increase
Kazakhstan’s December compliance to OPEC+ deal unveiled
Chinese company discloses volume of cargo containers sent to Uzbekistan in 2021
Georgia's Imereti Agrozone receives investment proposals
No apparent crude export impact from civil unrest in Kazakhstan - EIA
Baku refinery increases oil output
Uz-Kor Gas Chemical company opens tender for supply of protective equipment
Gas consumption grows in Azerbaijan
Activities of military units stationed in Azerbaijan's liberated territories inspected (PHOTO)
Azerbaijani FM rejects unfounded allegations of Armenian representative at OSCE forum (PHOTO)
SOCAR boosts oil and gas exports
Iranian Ministry of Roads, Urban Development reveals data on activities of ports
Iran’s Bahar Azadi gold coin rising in price
Azerbaijan significantly increases gas production
Kazakhstan discloses cargo traffic via Aktau port for 2021
U.S. mortgage interest rates climb for 4th straight week
Azerbaijan provides lump-sum allowance to families of January 20 tragedy martyrs, victims
Azerbaijan announces increase in freight traffic by all modes of transport
MP: Pecresse's illegal Karabakh trip gives rise to legal responsibility
Azerbaijan announces priorities as chair of OSCE Forum for Security Co-operation
Georgia’s domestic electricity production up in 2021
SOCAR increases oil production y-o-y
Uzbek Central bank shares data on number of bank cards used in 2021
Azerbaijan's traffic police to check citizens going on trips to liberated lands - ministry
Kazakhstan unveils trade indicators with largest trade partners in EU
Cargo transportation through Iran’s Mashhad Airport soars
Azerbaijan discloses number of people involved in self-employment program in 2021
Private sector is actively involved in construction of administrative center in Turkmenistan
Azerbaijan shares data on number of vaccinated citizens
Iran declares amount of loans issued for housing, construction sector
Transportation of oil from Kazakh Aktau port to Azerbaijan unveiled
Azerbaijan's ANAMA shares information on mine incident in Azerbaijan's Goranboy region
Iran beats new record on gas consumption
Azerbaijan confirms 1,151 more COVID-19 cases, 543 recoveries
Azerbaijan's Azerishig talks appeals of businesses for electric supply in liberated areas
Uzbekistan's UzAuto Motors faces semiconductors shortage
Turkmen plant produces significant volume of urea fertilizer
Azerbaijan, Ukraine discuss prospects for transport cooperation
Azerbaijani servicemen take part in parachute training in Turkey (PHOTO)
Germany surpasses 100,000 daily COVID-19 cases for first time
Azerbaijani citizens allowed to visit liberated Aghdam, Shusha once a year - ministry
Iran reveals COVID-19 data for January 19
Azerbaijani MFA issues statement on occasion of January 20 - National Mourning Day
IRICA shares data on import of COVID-19 vaccine to Iran
Uzbekistan Airways to conduct regular flights to Russia's Ufa
Turkmen state concern increases natural gas production in 2021
Indian Vijay Mallya can be evicted from London home over unpaid loan, UK court orders
Iran sees increase in passenger transportation via railways
Russia documents 33,899 daily COVID-19 cases, highest number since November 27
Salaries of employees of presidium, office of Azerbaijan National Academy of Sciences up
Turkmenistan increases volume of loans issued to economic entities
Azerbaijan reduces electricity exports to Georgia
Azerbaijan's ANAMA creates new operational groups
Azerbaijan hands over several prisoners to Iran
Chamber of Commerce talks steps Iran could take to boost trade turnover with Russia
Investigation will show whether Nazarbayev was involved in unrests in Kazakhstan - MFA
Kazakhstan's Minister of Defense appointed
Veyseloglu Group of Companies presented its retail index for 2021
Ethylene output up in Azerbaijan
Georgia's motor oil imports drop, one of possible reasons made public
Revenues from compulsory state social insurance grow in Azerbaijan - minister
Azerbaijan blocks betting payment method in bookmakers using bank cards
Georgia continues path to sustainable growth – World Bank
Azerbaijan boosts gasoline, diesel production
Azerbaijan records growth in nominal GDP
All news