BSTDB to allocate major credit for SOCAR
Azerbaijan, Baku, 20 June / Trend E.Aliyev /
On Saturday the Board of Directors of the Black Sea Trade and Development Bank (BSTDB) will consider the issue of allocation of the largest credit for the State Oil Company of Azerbaijan Republic (SOCAR), BSTDB chairman Andrey Kondakov said to journalists on Thursday.
"The Board of Directors of the bank will consider this issue on Saturday during a meeting in Baku. If the deal is approved, the credit will be the largest in the history of the BSTDB," Kondakov said.
Acording to Kondakov, the allocated amount will be directed towards the realization of the project related to oil refining outside Azerbaijan.
"Preparation of the project continued for several years, and it is meant for 16 years. Such a big deal is a good indicator of trust. BSTDB considers Azerbaijan as a very reliable partner," Kondakov added.