Aktual mövzular: Dollar alış-satışı , Cəbhədə gərginlik, Məzənnə, Hava haqqında, Neftin qiyməti

SOCAR subsidiary in Romania plans to attract loan

SOCAR subsidiary in Romania plans to attract loan

Azerbaijan`s SOCAR plans to open up to 10 gas modules in Ukraine (26 February 2017 14:46)
First tranche of loan to be provided by World Bank allocated for Southern Gas Corridor project (24 February 2017 16:46)
SOCAR starts to sell natural gas in Ukraine (22 February 2017 10:46)

Date: 16 December 2015 10:12

Baku, Azerbaijan, Dec.16

By Maksim Tsurkov – Trend:

SOCAR Petroleum SA company, subsidiary of the State Oil Company of Azerbaijan in Romania, plans to attract 5 million euros of loan from the Dutch ING Bank, Romanian media reported.

Reportedly, the loan is needed to finance the company’s working capital.

The shareholders of SOCAR Petroleum SA approved signing a loan agreement during the general meeting in November, according to Romanian media.

The loan which can be increased to 10 million euros is secured by the company’s fuel assets, including gas filling stations and real estate, said the report.

SOCAR Petroleum SA company has been operating on Romanian market since 2011. Currently, the company has a network of 32 gas filling stations and plans to expand it.

To date, SOCAR has invested around 50 million euros in Romania and created over 400 jobs.

Edited by SI


Follow the author on Twitter: @MaksimTsurkov

Follow us on Twitter @TRENDNewsAgency

Tags:  SOCAR subsidiary in Romania plans to attract loan


Top news