Azerbaijan, Baku, Aug. 20 / Trend , E.Ismayilov/
The Turkish petrochemical complex Petkim, whose co-founder is the State Oil Company of Azerbaijan Republic (SOCAR), purchased from a company BP Gas a new tank farm on filling and storage of liquefied gas to increase the storage capacity of this product, Petkim told Trend on Aug. 20. The park is located in the Turkish Pashachiftligi region, which is between the cities of Izmir and Aliaga.
"We plan to increase the use of liquefied petroleum gas, depending on the price of this product and straight gasoline [naphtha]," said the source. The new tank farm will be connected to the industrial areas of petrochemical complex through pipelines.
The source said the petrochemical complex uses liquefied petroleum gas and naphtha as crude base to produce petrochemical products.
Earlier the CNN Turk Agency reported that a tank farm covers about 26,000 square meter of area. All the necessary equipment has been installed there, as well as it is possible to store 4,800 cubic meters of gas. The transaction costs five million lire (over $3.35 million).
Earlier, Alliance of companies SOCAR/Turcas Petrol/Injaz Projects became winner of tender on sale of 51-percent package of shares of Turkish petrochemical concern Petkim in 2008. Alliance of companies suggested $2.04 billion for this concern. Presently, Turkey imports 70-75 percent of necessary chemical production. But investments of SOCAR/Turcas/Injaz in development of Petkim will allow reducing import of production to 30 percent.
Petkim Petrokimya Holding produces plastic packing, clothes, PVC, detergents. Petkim Petrokimya Holding is the only producer of such production in Turkey. The company exports a quarter of production.
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