Azernews.Az

By Aynur Jafarova

Azerbaijan's state energy company SOCAR will commission a new shipyard on September 20 on the Day of Oil Workers, which is claimed to be the biggest among similar enterprises in the Caspian littoral countries.

"The main purpose of the Baku shipyard is to create all types of vessels needed in the Caspian Sea," Head of SOCAR's Neftegazstroy Trust Mirkazim Abbasov said on September 19 in an article published in the local newspaper.

SOCAR's new shipyard will meet the need for ships not only in Azerbaijan but also in the the Caspian Sea basin in whole.

The area of the new shipyard will be 880,000 square meters, while the closed production area is 75,000 square meters and the length of berths is 1,300 meters.

Investment in the construction of the plant amounts to $450 million.

The plant's production capacity is 25,000 tons of steel per year.

It will have capacity to produce annually four tankers with deadweight of 15,000 tons or two tankers with deadweight of 70,000 tons.

The plant is to produce four maintenance and towing vessels per year, as well as provide repair for 80 to 100 vessels.