Bank Of Baku

SOCAR, South Korea’s Eximbank to sign long-term agreement by year-end

SOCAR, South Korea’s Eximbank to sign long-term agreement by year-end
# 15 October 2015 09:01 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. A long-term agreement will be signed with South Korea’s Eximbank by the year-end for funding construction of carbamide plant in Sumgayit, SOCAR Vice-President for Economics Issues Sulayman Gasimov said on Oct. 15.

 

According to him, works for formalization of agreement are underway.

 

The $150 mln-loan will be received with the guarantee of the Finance Ministry.

 

 

 

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