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Profit of SOCAR petrochemical complex in Turkey revealed

Oil&Gas Materials 8 November 2019 18:55 (UTC +04:00)
Profit of SOCAR petrochemical complex in Turkey revealed

BAKU, Azerbaijan, Nov. 8

By Anastasia Savchenko - Trend:

In the third quarter of this year, the profit of Turkey’s Petkim petrochemical complex, a subsidiary of Azerbaijan’s state oil company SOCAR in Turkey, decreased by 23 percent, amounting to 709.3 million liras ($123.2 million), compared with the same period last year, Trend reports with reference to the company’s report.

Petkim produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported. The production capacity of Petkim is 3.6 million tons per year.

Petkim shareholders are SOCAR Turkey Petrokimya AS (51 percent), Goldman Sachs (7.68 percent), and other shareholders (41.32 percent).

($1= 5.7470 liras on Nov. 8)

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