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SOCAR signs loan agreement with Russia’s Gazprombank

by ChemOrbis Editorial Team -
  • 22/06/2015 (10:37)
According to media reports, Azerbaijan’s state oil company SOCAR signed a loan agreement on June 19 at the St. Petersburg International Economic Forum for the construction of SOCAR’s proposed PP and HDPE plants in Azerbaijan.

Under the agreement, Gazprombank will loan $489 million to SOCAR for a period of 10 years.
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