BAKU, Azerbaijan, Nov.9
By Leman Zeynalova – Trend:
The net profit of Petkim petrochemical complex of Azerbaijan’s state oil company SOCAR in Turkey stood at 3.909 billion Turkish liras ($402.185 million) in the first 9 months of 2021, as compared to 446 million liras ($45.9 million) in the same period in 2020, Trend reports with reference to Turkish media.
The company said that despite the negative conditions in the petrochemical markets, Petkim increased its sales and reduced its debts with its performance.
Petkim's total sales in this period reached 19.165 million liras and its total indebtedness decreased by $261 million.
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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