Baku. Agshin Rafigoglu - APA-Economics. The State Oil Company of Azerbaijan Republic (SOCAR) has borrowed funds from Sberbank (Russia).
According APA-Economics, the Company raised funds in amount of $150 mln from Russian Sberbank at the LIBOR rate + 2.5%.
Loan is to be repaid in 2016-2019 (per year $43 mln).