President signed a decree

President Ilham Aliyev has signed a decree on a number of measures to ensure the development of the mining (metal ores) and metallurgy industry in the Republic of Azerbaijan.“Elchi” presents the text of the decree:
1. The Cabinet of Ministers of the Republic of Azerbaijan:
1.1. To prepare and submit to the President of the Republic of Azerbaijan within four months the draft of the “State Program for the Development of the Mining (Metal Ores) and Metallurgy Industry in the Republic of Azerbaijan in 2027-2030” (hereinafter – the State Program);
1.2. To ensure that the State Program is covered in the draft of the “Socio-Economic Development Strategy of the Republic of Azerbaijan for 2027-2030” as stipulated in paragraph 1.1 of the Decree of the President of the Republic of Azerbaijan No. 611 dated May 30, 2025, “On the Preparation of the Socio-Economic Development Strategy of the Republic of Azerbaijan for 2027-2030 and the II State Program on the Great Return to the Liberated Territories of the Republic of Azerbaijan”;
1.3. To ensure that projects currently being implemented or planned for implementation by the private sector in the field of mining (metal ores) and metallurgy are taken into account in the draft State Program, as well as to determine the mechanism for their support within the framework of the State Program;
1.4. To ensure that the State Program includes the following measures aimed at increasing the production capacity of “Azeraluminium” Limited Liability Company along the “raw material-processing-final product” value chain and expanding its export opportunities:
1.4.1. Completion of the electrolysis plant project and increasing its annual production capacity to 100,000 (one hundred thousand) tons by 2030;
1.4.2. Continuation of the aluminum rolling products production project and increasing its annual production capacity to 50,000 (fifty thousand) tons by 2030;
1.5. To ensure, in accordance with the feasibility study prepared by the Azerbaijan Investment Holding, the identification of financing sources and the construction of a calcination and anode baking plant in cooperation with relevant state bodies (institutions);
1.6. To take measures to improve energy and transport tariffs, allocate additional land if necessary, and meet electricity demand, with the aim of increasing the competitiveness of metallurgical products;
1.7. To take necessary measures for the financing of the projects stipulated in paragraph 1.4 of this Decree from the state budget, taking into account the feasibility study prepared by the Azerbaijan Investment Holding;
1.8. Taking into account part 2 of this Decree, regarding “Azerbaijan Aluminium” Open Joint Stock Company:
1.8.1. To ensure the transfer of its assets to the balance sheet of “Azeraluminium” Limited Liability Company;
1.8.2. To take necessary measures for the write-off of its creditor debts, as well as debts to state organizations for which a 25-year deferral of payment was granted based on Decree No. 678 of the President of the Republic of Azerbaijan dated March 31, 2001, “On the Approval of the Agreement on the Right to Manage Azerbaijan Aluminium Joint Stock Company,” and debts incurred before the Guarantee Fund for State Debt and Guarantee Obligations;
1.8.3. To take necessary measures for the termination of its tax obligations in accordance with the Tax Code of the Republic of Azerbaijan;
1.9. To resolve other issues arising from this Decree.
2. “Azerbaijan Aluminium” Open Joint Stock Company shall be liquidated.
3. The Ministry of Finance of the Republic of Azerbaijan, taking into account part 2 of this Decree, shall ensure the repayment of the confirmed debts of “Azerbaijan Aluminium” Open Joint Stock Company to non-state organizations from the state budget of the Republic of Azerbaijan or other financial sources provided by law, within one month from the date of submission of relevant supporting documents.
4. The Azerbaijan Investment Holding shall take necessary measures to resolve issues arising from this Decree.