Bank Of Baku

Azerbaijan to be country investing most capital in Turkish economy during next 10 years

Azerbaijan to be country investing most capital in Turkish economy during next 10 years
# 13 December 2010 11:10 (UTC +04:00)
He reminded statement of head of SOCAR’s investment department and chairman of the board of directors of Turkey’s petrochemical giant Petkim Vagif Aliyev on investing of $20 bln-capital in Turkish economy, in the future: “Turkey is the most attractive market after China. Turkey needs crude products, Azerbaijan needs world markets. Petkim and SOCAR-TURGAS have developed master-plan directed to 2015, 2020 and 2040 years. $5 bln capital will be invested until 2015.”

According to K.Yavuz, the company will be one of the greatest companies of Europe: “Oil prices will be $ 200 before and after 2015”.
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THE OPERATION IS BEING PERFORMED