...

Kavkaztransservis will prepare business plan for construction of new terminal in Azerbaijan

Oil&Gas Materials 28 February 2007 17:03 (UTC +04:00)

Azerbaijan, Baku /corr. Trend I.Khalilova / Azerbaijan Investment Company SC has signed a protocol on intentions with Kavkaztransservis on the project of new oil terminal construction in Garadagh region of Azerbaijan, said Anar Akhundov, executive director of AIC.

Kavkaztransservis is a local company but foreign founder takes part in it. The company will prepare extended business plan in agreement with AIC. "In our turn we will try to draw other investors as our company policy calls not only to invest by ourselves but also to invite interested foreign investors or an international financial institutes," - said Mr. Akhundov.

Approximate cost of the terminal construction is at 90 mln USD. AIC will hold 20-25% participation as in other projects.

Latest

Latest