SOFAZ announces reasons for incomplete funding of SGC

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# 09:10
7 March 2017

Incomplete allocation of the funds is caused by attraction of $991.1 million from placement of Eurobonds at discount value, postponement of payment of the second tranche of price for acquiring 10% in Shahdeniz till 2017 and postponement of several costs on TAP and TANAP till next years.

 

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THE OPERATION IS BEING PERFORMED