Azerbaijan may reduce investments in Turkey-based refinery

Azerbaijan may reduce investments in Turkey-based refinery
# 24 December 2008 15:25 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. The State Oil Company of Azerbaijan (SOCAR) can adjust the preplanned amount of investments in the construction of a refinery in the town of Alaga near Izmir (Turkey), said Vagif Aliyev, SOCAR’s head of international investments.
According to him, it is initially planned to allocate $4 billion for construction of the refinery. “However, because of the world financial crisis, the amount of investment may be readjusted,” he noted.
#
#

THE OPERATION IS BEING PERFORMED