Russia’s Gazprombank may implement new projects in Azerbaijan
Baku, Azerbaijan, Sept. 2
By Sara Israfilbayova - Trend:
Russia’s Gazprombank plans to implement a number of projects in Azerbaijan, with the scope of the projects being not merely limited to the energy sector, the bank told Trend.
According to the bank, the main directions for financing in Azerbaijan are oil, gas and petrochemicals.
"We have already implemented some large-scale projects in this area and plan to continue cooperation with the Azerbaijani State Oil company SOCAR," Gazprombank said.
As is known, Gazprombank plans to participate in the project of SOCAR for the creation of a gas chemical complex (GPC), which will be built in Garadagh district.
The Gazprombank Group includes various companies that operate not only on the financial market, but also on the markets of precious metals, oil and gas, construction and others.
In Azerbaijan, the bank participated in financing the SOCAR Polymer project, allocating a loan in the amount of $489 million. Last fall, Gazprombank also concluded an agreement with the Azerbaijan's SOCAR and the Russian Export Center. The agreements allow the bank to support the supply of Russian equipment and services that are in demand in Azerbaijani projects.
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