Bank Of Baku

SOCAR attracts $3.3 bln for construction of Star oil refinery

SOCAR attracts $3.3 bln for construction of Star oil refinery
# 30 May 2014 14:32 (UTC +04:00)

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.

 

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