Bank Of Baku

Azerbaijan to direct $ 17 bln investment to Turkish energy sector

Azerbaijan to direct $ 17 bln investment to Turkish energy sector
# 05 June 2012 10:58 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan’s investments in Turkish energy sector will make $ 17 bln until 2018, said the member of Petkim’s Administrative Personnel Kenan Yavuz.

According to him, of this, $ 9 bln will be directed to Petkim’s development, $ 8 bln – to construction of Trans-Anatolia gas pipeline.

Yavuz stated that, roughly 20% of considered works in STAR oil processing plant have been conducted.

Note that, at the same time, $1 bln-stations to process solar energy will be constructed and $300 mln-container port will be constructed here.
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