Baku, Azerbaijan, Nov. 16
By Maksim Tsurkov – Trend:
The profit of Petkim petrochemical complex, which is a subsidiary of Azerbaijan’s state oil company SOCAR in Turkey, grew 169 percent for three quarters of 2017 compared to the same period last year and amounted to $266 million, SOCAR President Rovnag Abdullayev said.
He made the remarks in Baku at the reception of the American Chamber of Commerce in Azerbaijan (AmCham) Nov. 16.
“Since 2008, when Petkim’s controlling stake was acquired by SOCAR, and by 2016 we managed to increase the complex’s revenues by 4.8 times, assets by 3.7 times, and share capital by 2.6 times,” Abdullayev said.