BAKU, Azerbaijan, Feb.28
By Leman Zeynalova – Trend:
Petkim petrochemical complex of Azerbaijan’s state oil company SOCAR marked a record income in USD and Turkish lira in 2021, Trend reports with reference to SOCAR.
Petkim’s net income stood at 5.5 billion Turkish liras ($390 million) as of 2021.
The petrochemical complex has increased its sales by 137 percent in 2021 as compared to 2020 and brought them to 28.7 billion Turkish liras ($2.039 billion).
Head of the SOCAR Turkey Refinery and Petrochemicals Business Unit, director general of Petkim petrochemical complex Anar Mammadov noted that Petkim’s product portfolio played a major role in achieving this success.
He pointed out that the demand for hygienic products, in particular, packaging materials has increased in 2021 like in 2020.
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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