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Petkim’s exports fall to 37% in 2020

Oil&Gas Materials 8 February 2021 13:29 (UTC +04:00)
Petkim’s exports fall to 37% in 2020

BAKU, Azerbaijan, Feb.8

By Leman Zeynalova – Trend:

The exports of Petkim Petrochemical Complex of Azerbaijan’s state oil company SOCAR in Turkey fell to 37 percent of production in 2020, said Head of the SOCAR Turkey Refinery and Petrochemicals Business Unit and General Manager of Petkim Anar Mammadov, Trend reports.

“In 2020, taking into account the difficulties caused by the pandemic, we reduced the export and focused primarily on the domestic market. Normally, our exports stand at 40-45 percent, while in 2020, this figure fell to 37 percent,” he told Bloomberg TV.

He went on to add that unfortunately, some circles say that Petkim is focused on exports, which causes problems for domestic companies.

“ It is absolutely false. On the contrary, in order to support the domestic market this year, we sold the major part of our products in the domestic market. We don’t think that COVID-19 problem will be resolved soon, therefore, we will continue focusing on the domestic market in 2021 as well,” noted Mammadov.

Petkim is the first and the sole integrated petrochemical facility in Turkey. It is the largest exporter in the Aegean region. Petkim’s production capacity is 3.6 million tons per year. The petrochemical complex produces around 60 different types of products and exports to 78 countries. The complex meets about 20 percent of Turkey’s demand for petrochemical products.

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