Turkish petrochemical complex Petkim changes leadership
Azerbaijan, Baku, Nov. 12 / Trend E.Ismayilov /
Head of the Turkish petrochemical complex Petkim, whose co-owner is SOCAR (State Oil Company of Azerbaijan) Kenan Yavuz Dogan is replaced by Dogan Chirakolgu, the company said.
Yavuz have already handed over the petrochemical complex to Chirakoglu.
A source in Petkim said that the net profit of petrochemical complex in the first nine months amounted to $65 million. In January-September, Petkim sold approximately 1.05 million tons of products, the same source said Over the first nine months, the petrochemical complex produced about 2.2 million tons of products due to using 89.6 percent of the production capacity.
In January to September, the share of Petkim in the internal market of Turkey made up 25 percent.
Formerly the Turkish Administration for Privatization approved the alliance Socar/Turcas Petrol/Injaz Projects as the winner of the tender on the sale of the 51% share of Turkish Petrochemical Holding Petkim. Turkey currently imports 70-75% of the necessary chemical products, but developing Petkim, the investment by alliance SOCAR/Turcas/Injaz will provide an opportunity to decrease the import up to 30%.
Petkim Petrokimya Holding is specialized in the production of plastic packages, fabric, detergents and is only producer of these goods in Turkey exporting the fourth part of the output.
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