SOCAR Turkey discloses its investments in Turkey
By Trend
SOCAR Turkey's investment costs exceed $16.5 billion, the company's Director General Zaur Gahramanov said at a press conference for representatives of the Azerbaijani media, Trend reports on Nov. 30.
According to Gahramanov, of the mentioned costs, $6.3 billion accounted for Star refinery, $600 million - SOCAR Depolama, and $400 million - SOCAR container terminal.
"Besides, $2.04 billion were invested in the privatization of Petkim, and about $1 billion more annually - $100 million each. We invested $6.5 billion in the TANAP project," he added.
SOCAR Turkey began its commercial activities in Turkey after acquiring 51 percent of Petkim shares in 2008. It includes best-in-class companies such as Petkim, TANAP, STAR Refinery, SOCAR Terminal, Petkim RES (wind farm), Bursagaz, Kayserigaz, Enervis, SOCAR Enerji Ticaret, Millenicom, SOCAR Ticaret and SOCAR Depolama.
The company focuses on the production of petrochemical products, processing, trade and distribution of natural gas.
--
Follow us on Twitter @AzerNewsAz
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!