SOCAR attracts $3.3 bln for construction of Star oil refinery

Baku: SOCAR’s daughter company SOCAR Turkey Energy has attracted $ 3.29 bln for construction of Star oil refinery in Izmir.

APA-Economics reports quoting Petkim holding that the company has signed contract with 23 commercial banks on allocation of $3.29 bln. $2.29 bln of these funds have been allocated for 18 years (including 4 concessional years).

Other $600 mln have been allocated for 15 years (including 4 concessional years).

Total worth of Star oil refinery makes $5.7 bln.

SOURCE: AZERI PRESS NEWS AGENCY

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