Gazprombank grants credit for construction SOCAR Polymer plants
Edited by Rhod Mackenzie / 2015-06-23 06:54:02
Azerbaijan Finance Oil and Gas Russia Azerbaijan Oil and Gas Petrochemicals Processing Production and Refining SOCAR
Gazprombank, represented by a chairman of the Board of Management A.Akimov and SOCAR, represented by its president R.Abdullaev signed an agreement on financing the construction of plants for the production of polypropylene and high-density polyethylene SOCAR Polymer in Azerbaijan. The agreement was signed June 19, 2015 as part of the St.Petersburg International Economic Forum. The Investment committee of Gazprombank approved a loan of $489 million for 10 years for SOCAR Polymer.
