Azerbaijan seeks adviser to secure finance for US$15 bln petrochem complex from overseas

Azerbaijan is scouting for an adviser to help secure two-thirds of the US$15 bln needed to build a planned petrochemicals complex, from foreign lenders, as per Bloomberg. The country is expected to shortly tender for the post, which will involve negotiating with lenders over the complex. Balance of the investment will be made by the state for the plant that will annually convert 10-15 billion cubic meters of natural gas into products such as propane and butane, and house a refinery with capacity to process 10 mln metric tpa of crude.
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