Schedule of raising Sangachal-Garadagh terminal's capacity to be corrected

He said the need for correction appeared due to the delay in production of "big oil" in Karabakh, for which the terminal was intended.

"But construction and infrastructural works are carried out. Perhaps, we will raise capacities when necessary and considering market demands, but we are now waiting for proposals from Kavkaztransservis", said Akhundov.

It should be noted that on the first phase the capacity of the terminal is expected to be 5,000,000 tons, the second phase up to 10,000,000 tons and after the third phase the terminal capacity will grow up to 50,000,000 tons per year.

The Sangachal-Garadagh oil terminal, founded by AIC and Kavkaztransservis, was created for the construction of the terminal. The declared capital is AZN 30,600,000 and 30,600 stocks with a nominal cost of AZN 1,000 was issued on it.

/Day.Az/