SOFAZ to finance modernization of Baku oil

20 January 2025

SOFAZ to finance modernization of Baku oil refinery

22:06 01 June 2017 Read: 1273

SOFAZ to finance modernization of Baku oil refinery

The State Oil Fund of Azerbaijan (SOFAZ) will allocate funds for financing the modernization and reconstruction of the Heydar Aliyev Baku Oil Refinery of the country’s state oil company SOCAR, Tofig Gahramanov, SOCAR vice-president for strategic development, told reporters on the sidelines of the 24th International Caspian Oil & Gas Exhibition and Conference 2017 in Baku June 1.

According to him, it is also planned to attract a foreign loan under the state guarantee for modernization of SOCAR’s Azerikimya Production Union.

More about: #SOFAZ #SOCAR

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