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Photo: SOCAR capex to exceed $2.2 B during 2 years | Economy news
6 March 2015, 16:18

SOCAR capex to exceed $2.2 B during 2 years

Fitch Ratings global rating agency has assigned State Oil Company of the Azerbaijan Republic's (SOCAR; BBB-/Stable) proposed notes an expected foreign currency senior unsecured rating of 'BBB-(EXP)', in line with SOCAR's Long-term Issuer Default Rating. “SOCAR's ratings are aligned with sovereign Azerbaijan's (BBB-/Stable), as it represents the state's interests in the strategically important oil and gas industry,” said the message. “SOCAR maintains close ties with the government and the State...