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16.10.2015 13:21

SOCAR, South Korea Eximbank to sign long-term agreement by year-end

A long-term agreement will be signed with South Koreas Eximbank by the year-end for funding construction of carbamide plant in Sumgayit, SOCAR Vice-President for Economics Issues Sulayman Gasimov said on Oct. 15.

According to him, works for formalization of agreement are underway.

The $150 mln-loan will be received with the guarantee of the Finance Ministry.

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