Petkim posts 22% growth in sales

In the first half of this year Turkey's first and only petrochemical producer Petkim produced 1,681,831 tonnes of products in the petrochemical complex. In the reporting period, the volume of sales made 1,167,325 tonnes.

In the first half of the year Petkim's production rose by 10.5% over the same period of the previous year while the volume of sales grew by 21.56%.

The production capacity utilization rate reached 95.6% in the reporting period, while in the same period of the last year it made 86%.

Notably, Petkim Holding was established on April 3, 1965. As a result of the privatization process completed in 2008, the State Oil Company of Azerbaijan (SOCAR) became Petkim's main shareholder. Petkim's yearly production amounts to 2,000,000 tonnes.