Caspian Sea

Azeri state oil company SOCAR has signed a $3.29 billion financing deal with 23 banks and export credit agencies for the construction of a refinery on Turkey’s Aegean coast, SOCAR’s Turkish subsidiary Petkim said on May 30.

By Chryssa Liaggou

Socar is closely monitoring the implementation of the investment program of Greece’s natural gas transmission network operator (DESFA) that the Azeri state energy company will soon control after agreeing to buy a 66 percent stake in it.