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Wednesday, 07 December 2016 17:00

Government to lend support to energy companies

Government to lend support to energy companies

The government of Azerbaijan will provide equity injections of USD172m and EUR204m to Azerenerji to assist the company in repaying its foreign currency loans over 2016-2025, and will also assist Azerenerji's main customer, state-owned Azerisiq JSC, to pay overdue trade payables to Azerenerji so that the latter may reduce overdue trade payables to State Oil Company of the Azerbaijan Republic (SOCAR), Caspian Energy News (www.caspianenergy.net) reports with reference to Fitch Ratings.

More details: https://www.fitchratings.com/site/pr/1015946

Person in charge of the newsline: Jeyhun Bayramov

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