SOCAR attracts AZN 69 mln from International Bank of Azerbaijan

Baku: Negotiations on allocation of loans for reconstruction of oil refineries and conduction of rigging works in Guneshli field from International Bank of Azerbaijan have ended, SOCAR Vice-President Suleyman Gasimov said.

According to him, SOCAR received first tranches last Friday.

“Amount of loans for reconstruction works makes AZN 1,290,000,000. We received its first part – AZN 69 mln. Second loan makes AZN 600 mln with the first tranche of AZN 200 mln. We received this tranche recently. Interest rate is 4%”, Gasimov said.

SOURCE: AZER-PRESS NEWS AGENCY