TODAY.AZ / Business

Targol to present its last report on Azerboru to government soon

14 April 2006 [08:15] - TODAY.AZ
The State Committee for State Property Management (SCSPM) is currently investigating execution of the investment program by the Targol Investment Company (Great Britain) on the Azerboru Open Joint-Stock Company (OJSC).

According to the chair of the Board of Azerboru Azim Azimov, the final report of the Targol Investment Company will be presented to the government soon: "After that, the audit conducted by SCSPM will be reviewed together with the final report. The Targol Investment Company has fulfilled the contractual obligations 10% so far."

It should be noted that Azerboru OJSC was given to management of the Targol Investment in 2002 and the period of the contract completed this year. According to the contract, the Company had to invest $50 million in the plant, APA informs.

URL: http://www.today.az/news/business/25138.html

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