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2010 December 29   08:46

Iranian company is not allowed to buy a Russian port in Astrakhan

Russia's committee on foreign investments rejected the bid of Iranian-owned Khazar Sea Shipping Lines for the purchase of Astrakhan-based Alfa Port, Federal Anti-Monopoly Service head Igor Artemyev said on Tuesday, RIA Novosti reported.

Khazar Sea Shipping Lines put forward its intentions to purchase Alfa Port, but was declined by the committee because the company refused to reveal the actual owner of the company, Mr. Artymyev said, adding that the company was on the international blacklist in regard to sanctions on Iran.

Alfa Port has an area of 45,164 square meters and can accept ships with cargoes up to 5,000 tons each. The company handles loading and unloading of large ships and has access to Russian railways.

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