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Caspian Oil & Gas Conference - Questions appear with financing for SOCAR carbamide plant project in Azerbaijan

Questions appear with financing for SOCAR carbamide plant project in Azerbaijan
05.12.2016

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has received Choong Heum Park, president and CEO of Samsung Engineering Co.

According to SOCAR, the sides discussed the matters of engineering of the SOCAR carbamide plant in Sumgait and financing of works.

"The engineering was carried out by 100% and construction by about 58%. In particular, the general work on the project was carried out by approximately 88%. Negotiations with the Korean Export-Import Bank and commercial banks about raising a

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