ALBALI PLUS – КАРТА, РЕАЛИЗУЮЩАЯ МЕЧТЫ!


News


Oil Fund of Azerbaijan to start financing of TANAP pipeline and SOCAR OGPC in the nearest future

Baku, Fineko/abc.az. State Oil Fund of Azerbaijan (SOFAZ) will start financing of TANAP project before the end of this year.

According to Shahmar Movsumov, the Executive Director of SOFAZ, this year the Fund has already started financing SOCAR projects – oil refinery in Turkey (Star) and construction of the VI-generation floating semi-submersible drilling rig (SDR).

“In the nearest future the Fund will start financing of the new petrochemical complex SOCAR OGPC. The preparation works for the TANAP project financing are in their closing stage. The financing of this project will also be started before the end of this year”, - Movsumov said.

The Budget for 2013 allows the Fund to allocate AZN 596.6 million for Star oil refinery, AZN 388.575 million – for SDR, AZN 211.950 million – for SOCAR OGPC and AZN 86.350 million – for TANAP this year.

 

 


26.09.2013 16:39


   


Related news

 ru / en


















Weather

Baku
Weather forecast for Baku Weather forecast for Baku

Gandja
Weather forecast for Gyandzha Weather forecast for Gyandzha

Sumgayit
Weather forecast for Sumgait Weather forecast for Sumgait

Guba
Weather forecast for Kuba Weather forecast for Kuba

Lenkoran
Weather forecast for Lankaran Weather forecast for Lankaran

Nakhichivan
Weather forecast for Nakhchivan Weather forecast for Nakhchivan