SOCAR to sign Shah Deniz loan agreement

Azeri state oil company SOCAR plans to sign an agreement by the end of August to attract a credit to finance its share in the Shah Deniz project, company president Rovnag Abdullaev announced on August 14, reported Interfax. “We are holding talks with a number of foreign commercial banks to attract a credit. The credit agreement will be signed by the end of August. The funds will be attracted at very attractive conditions for us - at the lowest commercial rates. We have not yet had a credit with...