SOCAR attracts loan from Azerbaijan's int’l bank
Baku, Azerbaijan, Sept. 15
Azerbaijani state oil company SOCAR has attracted 100 million manats from the International Bank of Azerbaijan (IBA) to supply the country with gas, SOCAR Vice President for economic issues Suleyman Gasimov told reporters Sept. 15.
He said that it was initially planned to attract 198 million manats for this purpose.
“As a result, 100 million manats have been raised at the moment,” Gasimov said. “The issue of attracting the remaining amount stays open and depends on the capabilities of Azerbaijani banks.”
The vice president didn’t rule out the possibility of raising the remaining amount in 2017.