Turkey, Istanbul, Oct. 2 / Trend E. Huseynov /
The total income of SOCAR Turkey Enerji and its subsidiaries will exceed $15 billion, head of SOCAR Turkey Enerji and board member of the Petkim Petrochemical Holding Kenan Yavuz told Trend on Wednesday.
"Taking into account its total income, SOCAR Turkey Enerji is the third company in this sphere in the country after Koc and Sabancı Holding," Yavuz said.
SOCAR Turkey Enerji ranks second in the field of industrial production in Turkey.
One can say that SOCAR Turkey Enerji is ahead of Sabancı Holding in the field of industrial production, he said.
SOCAR Turkey Enerji A.S and SOCAR International DMCC OGG acquired a 10.32 per cent stake in Petkim on March 30, 2012, increasing SOCAR's stake in the company to 61.32 per cent. Some 38.67 per cent is in free circulation on the Istanbul Stock Exchange.
Petkim Petrokimya Holding manufactures plastic packages, fabric, PVC and detergents. It is the only Turkish producer making such products, a quarter of which the company exports.