Phase 2 of Petlim to be commissioned in June
By Nigar Abbasova
Work on implementation of the second phase of the Petlim container terminal, the largest port in the Aegean Sea basin is expected to be completed in the short run.
SOCAR Turkey Energy Director General Zaur Gahramanov told Dunya newspaper that the second stage of the construction of the container terminal, which belongs to Turkey’s Petkim petrochemical complex is planned to be finished in June 2017.
“The completion of the second stage will allow the terminal to increase its capacity up to 13,000 containers, as well as economize some $200-250 on each container,” he said.
The first stage of construction was completed in December 2016. The port’s transshipment capacity hit 800,000 TEU (twenty-foot equivalent unit) within the first phase of the project.
“The first phase of the $380 million Petlim container port project is already in use. This is the largest capacity port in Aegean Sea. The first phase serves 5 days of the week,” he said.
Azerbaijan’s SOCAR owns a 70 percent share in the port, while Goldman Sachs has the rest 30 percent stake. Turkish petrochemical complex Petkim and the Dutch APM Terminals inked an agreement for the construction of the Petlim port in March 2013.
Currently, 10 large container ports operate in Turkey.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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