Currently, the State Oil Company of Azerbaijan (SOCAR) has ensured the acceleration of the work on the implementation of the next investments of Petkim, its subsidiary in Türkiye, Azerbaijan's Economy Minister Mikayil Jabbarov said at the signing ceremony of the "Türkiye-Azerbaijan natural gas cooperation agreement" held in Istanbul today, Report informs.
According to him, the Petkim renewal project can be launched in the coming months: "We would like to express our gratitude to all partners who support us in this direction. We believe that this will be the biggest investment in the Turkish economy along with the projects implemented so far."
The minister said that according to the conditions and legal environment created in the Turkish state, SOCAR has made many investments in order to supply the Turkish market with energy sustainably, and at the same time to meet the energy needs of the regions: "The implementation of such an investment is a result of the stabilization processes in the Turkish economy. This shows once again that investors see and appreciate the opportunities in the Turkish economy. We intend to continue this path with great pleasure."