Contracts
Azerbaijan Business Cables
(courtesy of the USACC)
Azerbaijan Heads into Space with First National Satellite
The Azerbaijan Ministry of Communications and Information Technologies has signed a contract with Orbital Sciences Corp. to build Azerbaijan’s first national satellite, Orbital announced May 27.
Orbital Sciences Corporation will produce the satellite over 26 months. Azerbaijan plans to launch the synchronous space telecommunications satellite between July and August 2012. The country will use the satellite to start developing its space industry.
“I understand that this contract is only the start. The Ministry of Communications and Information Technologies and Orbital company plan to establish long and fruitful connections that will strengthen Azerbaijan specialists’ technical abilities,” Donald Lu, Charge D’Affairs at the US Embassy in Baku, said in a statement.
Azerbaijan also signed a long-term lease agreement with Measat for use of a Malaysian orbital slot to support the new satellite. Financial details of the contracts were not disclosed.
Source: Orbital Sciences Corp
SOCAR to Build Oil Terminal in UAE
Azeri state energy company SOCAR said on May 20 it has agreed with private Swiss trading house Aurora Progress to build an oil terminal in the United Arab Emirates’ port of Fujeira, a major tanker refuelling centre.
The terminal, which is expected to be ready by the beginning of 2011, will include 20 reservoirs for shipment and storage of up to 20 million tonnes of refined oil products annually.
The terminal is expected to be used for oil products sold in this region, not Azeri-refined products. It will be managed by a joint company SOCAR AURORA.
“There is a deficit of oil products. It’s a growing market and we are ready to expand to it. So, we will need to have storage capacities here,” a SOCAR official, who did not want to be named, told Reuters.
Source: Reuters
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