Doing Business in Azerbaijan 2009 - Azerbaijan Export ...

Minerals & mining
Apart from major oil & gas deposits there are numerous mining
sites for ferrous and nonferrous metals, unique construction
materials. An area to be mentioned specifically is the north west of
the country (Dashkesan, in particular). Major deposits of aluminium
ore, iron ore and non ferrous metals make the region a very interesting
part of Azerbaijan to explore.
Apart from metals, construction materials including gypsum,
limestone, trim stone etc. scattered all over the country are of
particular interest. The deposits of iodine, gold and other precious
metals, mineral spring, etc. add up to the diverse geology of
Azerbaijan.
The processing industry that was inherited from the times of USSR
allows for speedy rehabilitation of a number of prospective fields.
As mentioned before the laws permit a foreign company to become
a manager of the mining fields in Azerbaijan after conclusion of an
appropriate agreement with the Government.
Energy
Azerbaijan’s existing power generation capacity, fuel resources and
infrastructure is not only able to satisfy domestic needs for energy
but can also offer substantial export opportunities for electricity.
New legislation and a wide-range of reforms have been introduced
recently in order to satisfy the demands of the market. The main
legislative acts regulating the power sector are the Law On the Use
of Energy Resources (the Energy Resources Law), dated 30 May
1996, the Law On Electrical Energy (the Electricity Law), dated 13
June 1998, and the Law On Electricity and Heat Power Stations,
dated 28 December 1999.
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