SOCAR TO BUILD NEW PORT AT BLACK SEA COST

Baku, 22 December,(AzerTAj)The State Oil Company of the Azerbaijan Republic (SOCAR) is going to spend the money from providing services at Kulevi terminal it had purchased in neighboring Georgia, on building a new sea port here, a source in the company told AzerTAc, adding a design of the port is now being developed.
Activities on expanding and deepening channels for supersize tankers are also underway, the source said.
Kulevi terminal, in which SOCAR invested over $300 million, has a capacity of 10 million tons and employs some 700 workers.