AIC to Determine Company to Construct New Oil Terminal within a Week

Oil&Gas Materials 13 February 2007 16:47 (UTC +04:00)

The Azerbaijan Investment Company (AIC) is viewing a business-plan on the construction of a new oil terminal in Garadagh District of Azerbaijan. Anar Akhundov, the Executive Director of AIC, said that the Company is expected to announce the preliminary results of the negotiations within a week, Trend reports.

The Investment Company is interested in the construction of the new terminal in Garadagh. We are negotiating with an Azerbaijan company. The Company has submitted the business-plan to us. It is just the subject of our negotiations now said Mr. Akhundov.

As soon as a decision on cooperation between AIC and the local company is taken, all other components and integrals of the project, including sending oil flows to be passed through the terminal will be determined.