Vietnamese investors visit Makhachkala commercial port

Makhachkala, April 22, 2015. Vietnamese investors have shown interest in the Makhachkala seaport, the press service of the port told RIA Dagestan.
The delegation headed by President and CEO of the State Oil and Gas Corporation of Vietnam "Petrovietnam" Mr. Nguyen Quoc Khanh visited the port in company with Deputy Dagestan Prime Minister Magomed Issayev and Deputy Director General of the Makhachkala Commercial Seaport Amar Amirbayov.

Amirbekov told the guests that the oil harbour of the port represents a modern complex for processing oil products. It is equipped with high-performance tanker handling facilities loading up to 13,000 tons with a draft up to 8 meters. The port handles oil, oil products, general and other types of cargo.

Currently, it possesses transshipment facilities with capacity of 7.9 million tons of liquid bulk cargo and 1.5 million tons of dry cargo per year. It has a unique for the Caspian region railway ferry line processing over 20,000 cars a year. Unlike other Russian ports, the port operates 24/7 all the year round, making its potential very big. "We are interested in increasing the volume of crude oil and petroleum products to be handled and we are willing to cooperate," Amirbekov assured.

In Dagestan, the Vietnamese guests got interested in the oil transshipment potential of the region and the technical capabilities of the port in particular. They toured the oil harbour and terminals and asked questions about their development prospects.

Earlier in the week, Petrovietnam representatives discussed cooperation prospects with  Dagestan State Oil and Gas Company state corporation in the area of developing the subsoil cultivation sites of the Caspian Sea shelf adjacent to the republic. The Vietnamese consider participation in the project as investors. Preliminary calculations show that the investment is around 150-300 million dollars.