News
02 October 2017

Socar Trading closes on $300m despite parent downgrade

In:
Oil & gas
Region:
Europe

Switzerland-based Azeri light crude trader Socar Trading has signed a $300 million one-year loan – $100 million more than the initial $200 million sought, and against the backdrop of a downgrade by Moody’s on August 24 of parent company State Oil Company of the Azerbaijan...

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