Bank Of Baku

Azerbaijan starts to establish oil processing factory in Turkey, next year

Azerbaijan starts to establish oil processing factory in Turkey, next year
# 30 December 2010 13:39 (UTC +04:00)
According to him, Petkim oil-chemistry Company has obtained license on the construction of factory. The construction works will be started next year and will last 5 years. Factory is planned to process 10 mln tons of oil per year. Processed oil volume will be 9.2-9.3 mln tons.

The diesel and aircraft fuel produced in the factory will be sold at the markets of Turkey and other countries.

Construction of plant will cost $ 4.8-5.2 bln. 25-30% of this will be paid by SOCAR.
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