In 2015, SOCAR attracted loan for almost 1.3 billion mantas from International Bank of Azerbaijan for reconstruction of oil processing petrochemical facilities

In 2015, SOCAR attracted a loan from the International Bank of Azerbaijan for 1 291 million manats for the reconstruction of refineries and petrochemical facilities, the Government reports.

"The loan was attracted in 2015 in accordance with the decree of the Cabinet under the guarantee of SOCAR on the realization of projects on a large-scale reconstruction and modernization of the Baku oil refinery n.a. Heydar Aliyev and enterprises of Azerhkimya. The purpose of this work is to ensure the long-term domestic demand for high-quality fuel and the production of export-oriented polymers," - the Government notes.

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