Azerbaijan’s SOCAR set to acquire AzMeCo methanol plant

摘要

LONDON (ICIS)—The State Oil Company of the Azerbaijan Republic (SOCAR) on Thursday said it was set to acquire the two-year-old methanol plant of the Azerbaijani Methanol Company (AzMeCo). The deal would take place in tandem with a debt repayment AzMeCo was scheduled to make to the International Bank of Azerbaijan (IBA), which financed the construction of the 700,000 tonne/year installation, it added.