Azerbaijan, Baku, August 14 / Trend E. Ismayilov /
Turkish petrochemical complex Petkim intends to export to the amount of $500 million this year. SOCAR has share holding in it, Petkim said with reference to executive director of SOCAR / TURCAS Kenan Yavuz. This figure exceeds the same indicator of 2009 by $150 million.
Yavuz said that the same indicators were achieved by the complex in 2008. This year the company aims to achieve the same result. Yavuz also noted that the consequences of the economic crisis can be liquidated within one year.
SOCAR's alliance with Turcas Petrol / Injaz Projects has won a tender in 2008 to sell 51 percent stake of chemical concern Petkim, proposing $2.04 billion. Turkey imports 70-75 percent of the necessary chemical products. Investments of SOCAR / Turcas / Injaz made to the development of Petkim will reduce imports by 30 percent.
Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC, detergents. It is the only Turkish producer of such products. It exports a quarter of products.
SOCAR / TURCAS Rafineri AS received a license from the regulator of the energy market in Turkey for the construction of the refinery in early June. Capacity of the new plant will be 10 million tons per year, of which 4 million tons will be delivered to the needs of Petkim in raw materials. The rest part, in particular diesel fuel, jet fuel and other energy resources will be sold on the markets of Turkey and Europe.