Middle East Economic Survey
VOL. XLVII
No 51/52
20/27-December-2004
ENERGY FINANCE
Azerbaijans Socar Receives $170Mn EBRD Loan For Shah Deniz Gas Project
Azerbaijans state-owned oil company Socar signed in London on 14 December a $170mn loan agreement with the European Bank for Reconstruction and Development (EBRD) that Socar will use to finance its share in the offshore Shah Deniz gasfield and South Caucasus Pipeline (SCP). The partners in the BP-led projects sanctioned Stage 1 development in...
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