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Thursday, March 20, 2008

WB to allocate $54,000,000 for cleaning oil polluted lands of Absheron

19 March 2008 - Day.Az - The State Oil Company of Azerbaijan has reached an agreement with the World Bank regarding raising a credit in the amount of $54,000,000 for cleaning the oil polluted lands of Absheron. The due announcement was made by the vice president of the State Oil Company of Azerbaijan for Ecology Mukhtar Babayev. He said the talks with the WB mission ended last week and the bank's board is expected to approve allocation of a credit in the amount of $54,000,000 in June. He also announced that by the end of this year SOCAR plans to start construction of big cleaning facility of a capacity of 80,000 cubic meters of waste and industrial waters. The facility construction to be financed by SOCAR will be built in the Bibi-Eybat region.

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