SOCAR pays AZN 394M to Agrarcredit for AzMeCo

SOCAR pays AZN 394M to Agrarcredit for AzMeCo
  • Clock-gray 09:36
  • calendar-gray 07 July 2017

In 2016 SOCAR made AZN 394 million prepayment to Agrarcredit for acquisition of Azerbaijan Methanol Company (AzMeCo), according to the consolidated report on SOCAR financial activities in 2016. 

 

The control over AzMeCo was not transferred to SOCAR.

 

 

Earlier, SOCAR Vice President Suleyman Gasimov said that AzMeCo will be directly sold to SOCAR for $520 million. 

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