"Since 2008, SOCAR's significant investments in the production sustainability of Türkiye's Petkim petrochemical complex (with the majority share owned by SOCAR) have approached $2 billion," head of SOCAR Türkiye's Refinery and Petrochemical Business Unit, Kanan Mirzayev, said during a press conference in Istanbul, APA-Economics reports.
According to him, last year, the mentioned figure amounted to $134 million.
Kenan Mirzayev emphasized that between 2008 and 2024, SOCAR's significant investments in the production sustainability of Petkim's plants totaled $1.923 billion.
It was noted that Petkim meets approximately 11% of Türkiye's demand for petrochemical products.
Note that SOCAR began its operations in Türkiye in 2008 by purchasing 51% of Petkim's shares from the Privatization Administration of the Republic of Türkiye for $2.04 billion.
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