Socar to invest $17bn in Turkey – report
ANKARA – Azerbaijan's state oil company Socar plans to invest $17 billion in neighboring Turkey over the next seven years, Turkish news agency Ihlas reported.
The funds will be channeled into a seaport, a new refinery, new petrochemicals facilities and some projects that are not yet disclosed, the report said.
It also said Socar intends to buy several companies in Kazakhstan, Russia and Europe.
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