| Roughly $696.1 million has been allocated since the beginning of construction to finance the construction of a new generation drilling rig in Azerbaijan, Azerbaijan’s state oil fund SOFAZ told Trend. "Some $287.6 million has been allocated for this project in 2015," SOFAZ said.
The cost of the drilling rig construction project is $1.116.7 billion. SOFAZ is the owner of 90 percent of the equity in "Azerbaijan Rigs" LTD, established for the construction of a new platform. The remaining 10 percent of a share in the company are owned by SOCAR...............................................Full Article: Source
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