Baku, Azerbaijan, Dec. 27
By Maksim Tsurkov – Trend:
Caspian Shipyard Company Ltd has announced its liquidation, the Vergiler newspaper of Azerbaijan’s Taxes Ministry reported Dec. 27.
Creditors can present their demands within two months to: Gurban Khalilov st., 8, apt. 904, Baku, Azerbaijan.
Caspian Shipyard Company Ltd. is a joint venture of Azerbaijan’s state oil company SOCAR, Singapore’s Keppel and Russia’s LUKOIL, established in August 1997. Seventy-five percent of the company’s shares are owned by AzerFels Pte Ltd. (Singapore), 20 percent – by SOCAR, 5 percent – by LUKOIL.
A source in the oil and gas market of Azerbaijan told Trend that Keppel planned to freeze the company’s production site due to a lack of new projects.