Petkim Director-General: “We are working on projects related to new capital investments”

Petkim Director-General: “We are working on projects related to new capital investments”
# 03 September 2015 08:30 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. “Oil base price for this year was considered as around $50”, Director General of Petkim Sadettin Korkut told BloombergHT TV channel.

According to him, if no emergency event happens, oil price may rise up to %60 a barrel in 2016: “60-70$ for oil price is an ideal level for our country’s economy. Because, an significant part of export market of our country falls to share of oil producing countries. Good economic condition in these countries positively influences our export market”.

He said his company’s sale policy focuses on domestic market: “We set volume and comparison in depending on domestic demands”.

Korkut noted that Petkim is working on projects related to new capital investments. According to him, this factor causes increase of export potential of clients.

Currently, Petkim sells 75% of its products in the country.

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