Bank Of Baku

Rovnag Abdullayev: “SOCAR will invest $52 million in Petkim this year”

Rovnag Abdullayev: “SOCAR will invest $52 million in Petkim this year”
# 04 April 2009 09:33 (UTC +04:00)
Abdualley said they targeted the medium- and long-term projects with support of Turkey. “As a result of these projects, Petkim will become one of the most profitable companies in the world. Petkim’s 25-percent share in the Turkish market will level up to 40 percent”.

Abdullayev said $47 million was invested in Petkim in 2008 despite the crisis.
Petkim’s 51-percent stock package was tendered in July, 2007 and Kazakh-Russian joint venture TransCentralAsia Petrochemical Holding, offering $2.05 billion won the tender. The tender commission annulled this decision later and announced the SOCAR-Turcas-Injaz alliance a winner.
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