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Turkmenistan to buy tanker via Islamic Development Bank funds

Oil&Gas Materials 29 May 2009 15:03 (UTC +04:00)

Turkmenistan, Ashgabat, May 29 / Trend , G. Hasanov/

Turkmendenizderyayollari (Turkmen sea fleet) state company will sign a loan agreement with the Islamic Development Bank to finance purchase of two tankers with capacity of 7,000 tons. The tankers will be used to transport oil and oil products.

The agreement will be signed by the government members upon order of Turkmen President Gurbanguly Berdimuhammedov. The $31-million loan will be issued for 11 years with 5.1 percent interest rate per year on condition that the project will be realized in a year.

Turkmenistan exports oil and oil products via Azerbaijan and Iran.

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