SOCAR intends to purchase companies in Kazakhstan, Russia and Europe

SOCAR intends to purchase companies in Kazakhstan, Russia and Europe
# 30 April 2011 12:44 (UTC +04:00)
Baku. Rashad Suleymanov – APA. SOCAR is planning to invest $17 bn in Turkey within 7 years, chief of Petkim sales and export department Sakit Samadov said at the event held by Bursa Trade and Industry Chamber, APA reports quoting Ihlas news agency.

Saying that SOCAR is intending to invest new capital in Turkey, Samadov noted that important growth would be occur in oil-chemistry sector of Turkey after it.

“It includes port, new oil refinery, new oil-chemistry enterprises and some other projects. In the next few months we will hold opening ceremony of new oil refinery by the participation of high-ranking officials. There will be production growth in some enterprises of Petkim”, he added.

Along with 20 bn – new investment program in Azerbaijan, Samadov said that, at the same time, SOCAR purchased some companies in Kazakhstan, Russia and Europe and targeted to achieve significant results in this sphere.
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