Petkim reaches agreement on gas purchase with Socar Gaz
Turkish petrochemicals maker Petkim has reached an agreement on gas purchase with Azerbaijani state energy company Socar's Turkish unit SOCAR Gaz, the Turkish Public Disclosure Platform (Kamuoyunu Aydınlatma Platformu KAP) said on Tuesday, Trend news agency reported.
Petkim will annually purchase 455 million cubic meters of gas. The agreement will enter into force from January 1, 2013.
Petkim will pay $ 380 per 1,000 square meters to SOCAR Gaz.
Earlier SOCAR Turkey Energy head, and board member of the Petkim petrochemical complex Kenan Yavuz said that SOCAR Turkey Energy will start importing 1.2 billion cubic meters of natural gas from Azerbaijan from Jan.1, 2013.
According to Yavuz, 400-500 million cubic meters of imported gas will be used for the production in the Petkim complex, while the rest part of the gas will be sold on Turkey's domestic market.
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