Petkim container port to receive first vessels in future - SOCAR Turkey Enerji
Baku, Azerbaijan, Oct. 21
By Rufiz Hafizoglu - Trend:
Petkim container port will receive the first vessels in September 2015, the Turkish newspaper "Hurriyet" reported Oct. 21 with reference to SOCAR Turkey Enerji (the Turkish subsidiary of SOCAR - State Oil Company of Azerbaijan) president Kenan Yavuz's statement.
"The new container port of Petkim will contribute to the development of the region," he said.
Turkish petrochemical complex Petkim and Dutch company APM Terminals signed an agreement on construction of a container port with the capacity of 1.5 million TEU in March 2013.
The port capacity will exceed the capacity of the Aslandzhak port by about 50 percent. Depending on the needs of the market, its capacity will be increased up to 3 million TEU.
APM Terminals will be entitled to manage the port for 28 years.
Petkim Petrokimya Holding manufactures plastic packages, fabric, PVC and detergents. It is the only Turkish producer making such products, a quarter of which is exported by the company.
Earlier, SOCAR Turkey Enerji A.S and SOCAR International DMCC OGG acquired a 10.32 percent stake in Petkim, increasing SOCAR's stake in the company to 61.32 percent. Some 38.68 percent is in free circulation on the Istanbul Stock Exchange.
edited by CN