IFC Prepares to Sign Agreement to Support Service Companies within Oil Sector of Azerbaijan
Azerbaijan, Baku / corr. Trend I.Khalilova / The Head of the IFC Baku Office, Aliya Azimova, stated that the International Finance Corporation (IFC) is preparing to sign a trilateral financing agreement within the project to support service companies within the oil sector of Azerbaijan.
According to her, at present the technical documents are prepared and the agreement is expected to be signed within a month between IFC, BP and Azerbaijan Micro-Finance Bank. The IFC has approved investments for the project in amount of $6 mln. The gross cost of the project is $15 mln.