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Today.Az - Bibi-Heybat Shipyard wraps up repair of 'Shirvan 2' crane vessel

BP boosts offshore gas production in Azerbaijan

BP boosts offshore gas production in Azerbaijan

Azerbaijan-China relations in background of Azerbaijan's oil and gas sector - AZERTAC

Baku, May 12, AZERTAC Since the collapse of the Soviet Union, the South Caucasus region’s strategic location and energy resources have played a significant role in increasing the region’s importance and attracting international attention, and major investments have been made in new pipelines and the search for new oil and gas deposits. The South Caucasus region includes Azerbaijan, Georgia, and Armenia and covers a definition with a distinct geopolitical and ethnopolitical background. Today Azerbaijan is one of the major recipients of the Foreign Direct Investments (FDIs) in the Caucasus region. Several data sets from various sources conclude that the flow of foreign direct investments to Azerbaijan has increased rapidly in the last two decades, and the majority of those investments focused on Azerbaijan’s energy sector, more specifically on the oil and gas sector.

46 vessels were repaired at the "Zigh" Ship Repair and Construction Yard in 2020

46 vessels were repaired at the “Zigh” Ship Repair and Construction Yard in 2020 Last year, 46 vessels of various types were repaired at the “Zigh” Ship Repair and Construction Yard of Azerbaijan Caspian Shipping Company (ASCO), the company said in its release. 8 vessels underwent overhaul, 20 – dock repair, and 18 – current repair. 32 of those vessels are owned by the ASCO Transportation Fleet, 12 – by the Offshore Fleet, and 2 – by third-party organizations. The repair process was carried out in accordance with the requirements of an international convention with the participation of highly qualified specialists from ASCO. ASCO provides a wide range of professional ship repair and marine engineering services. The main activity of the “Zigh” Ship Repair and Construction Yard, as well as the “Bibiheybat” Ship Repair Yard, is the repair of ships and technical equipment owned by ASCO and other companies, as well as the order-based manufacture of variou