SOCAR’s investments in Turkish economy to reach $17 bln by late 2017

Investments of Azerbaijan's state oil company SOCAR in the Turkish economy will reach $17 billion until the end of 2017, Turkish HABER7 TV channel quoted Petkim Petrochemical Holding chairman Vagif Aliyev as saying on May 21.
He said about $7-$8 billion of total investments will be made in the construction of Turkey's first chemical industrial park Value-Site.
SOCAR owns the petrochemical complex Petkim Petrokimya Holding in Turkey, a container terminal and is building an oil refinery with capacity of 10 million tons a year. The company plans to begin distribution of gas and oil products in the domestic market of the country, as well as build a new gas pipeline TANAP together with Turkish partners.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!