The bank of foreign economic activity of Turkmenistan will conclude a credit agreement worth Japanese Yen 45,034,400 billion with the Bank of International Cooperation of Japan for a term of 13 years under the insurance of the national export credit agency “NEXI” (Japan).
In accordance with a separate domestic credit agreement, the state concern “Turkmenhimiya” will use its own funds and funds from the oil and gas industry to make essential payments for insurance and loans during the construction works, supply of necessary equipment and putting to full design capacity of plants on production of ammonia and urea in the town of Mary.
The corresponding decree was signed by President Gurbanguly Berdimuhamedov “for the successful implementation of tasks assigned to the chemical industry of the country and full provision of agricultural producers with mineral fertilizers.”
