Baku, Azerbaijan, March 13
By Emil Ismayilov - Trend:
As of 2013, the assets of the Turkish Petkim petrochemical holding in which the State Oil Company of Azerbaijan (SOCAR) has a 61.32 percent share, amounted to 3.35 billion liras compared to 2.8 billion liras in 2012, according a report on the results of Petkim's activity in 2013 posted on the holding's website.
Petkim's working assets amounted to 1.7 billion liras, while its fixed assets were equal to around 1.55 billion liras in 2013 compared to over 1.44 billion liras and nearly 1.36 billion liras respectively in 2012, according to the report.
The total production volume of the holding amounted to 2.82 million tons in 2013 compared to 3.03 million tons in 2012.
The net profit of the Turkish Petkim petrochemical holding amounted to 49 million liras in 2013 compared to 17 million liras in 2012. The total volume of Petkim's sales amounted to 4.16 billion liras in 2013 compared to 4.35 billion liras in 2012.
On March 30, 2012, SOCAR Turkey Enerji A.Ş and SOCAR International DMCC OGG acquired a 10.32 percent stake in the Petkim petrochemical complex, increasing their stakes to 61.32 percent. Some 38.67 percent of the shares are on free circulation on the Istanbul Stock Exchange.
Petkim Petrochemical Holding manufactures plastic packaging, fabric, PVC and detergents, being the only Turkish producer of such products. The holding exports a quarter of its products.
The official exchange rate on March 12 is 2.2220 TL/USD.
Translated by L.Z.
Edited by S.M.