Azerbaijan, Mineral Fertilizers

Azerbaijan increases import of mineral fertilisers by 70% in 10 months of 2018

In ten months of 2018, Azerbaijan imported mineral fertilisers worth more than $70 million, increasing supplies by 70%, Interfax reports.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

SOCAR to close the issue of financing of construction of a carbamide plant in Sumgayyt

​SOCAR plans to close the issue with the financing of the project of construction of a carbamide plant in Sumgayyt in the summer 2016, the head of the plant, Kh. Dzhafarov, said.
The negotiations upon this issue go on. In the near future the visit of the representatives of the export-import bank of South Korea is expected in Baku, after which the negotiations start in late April, he said.
He said that the funds are planned to be attracted for a long time under the warranties of the Government. We think that the process of attraction of financing, including the warrantee issue by the Government, will take 3-4 months in general. Thus we expect this issue to be settled finally in June-July 2016, Kh. Dzhafarov said.
Taking into account the intermediary loan attracted in 2015 at the Banks of Korea for 150 mln euro for 6 months, the total amount of the long-term loan will make up 910-920 mln euro. This amount comprises the value of the contract with Samsung Engineering at the volume of 498 mln euro, expenditure on the construction of the additional infrastructure and 200 mln euro of tax and customs payments, Mr. Dzhafarov said.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In the next five years, SOCAR to implement major projects

The construction of a new plant for oil and gas processing and output of petrochemical products in Azerbaijan is the largest project in the next years not only for SOCAR, but also for the whole country, the SOCAR’s Head Rovnag Abdullayev said at the meeting with the President and CEO of the American company Air Product John McGlade yesterday. Read more »

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer