BAKU, Azerbaijan, December 13. The State Oil Company of Azerbaijan (SOCAR) and Italian bank Intesa Sanpaolo have signed an agreement on financial resources mobilization, TurkicWorld reports citing SOCAR.
The signing ceremony took place in Milan during a meeting between SOCAR’s delegation led by Vice President Zaur Gurbanov, and the leadership of Intesa Sanpaolo and its subsidiary Všeobecná Úverová Banka.
The discussions focused on further expanding cooperation between the parties.
Additionally, meetings were held with existing and potential investors from Italy who either own or are interested in SOCAR bonds currently traded on the international financial markets.
Detailed presentations were delivered on the current state of financial markets, SOCAR’s financial performance and ratings, as well as the company’s plans in the field of green energy.
