Azeri Industry and Energy Ministry Studies Possibilities of Resolving Debts in Large JSC

Oil&Gas Materials 19 December 2006 17:00 (UTC +04:00)

The Ministry of Industry and Energy of Azerbaijan intends to activate the work in resolving the problems with the debts of the large state joint-stock companies, Trend reports.

The delayed debts of the large state JSC may be considered in a pack form in the near future. We should see what shares they have, and their business plans will be studied, said the Minister of Industry and Energy, Natig Aliyev. According to him, presently the business plans submitted to the Ministry by the enterprises functioning in Mingachevir, Sumgait and Baku are under consideration.

Natig Aliyev said that finance attraction from Azerbaijan Investment Company, negotiations with the foreign investors and application of new technologies will be realized via the Ministry.