Baku. 22 July. REPORT.AZ/ Petkim's share price increased several times in market.
Report informs, President of the State Oil Company of Azerbaijan Republic (
"As you know, in the past two years, price for Petkim shares increased from 1.8 to 4.35 Turkish liras. So we want to sell part of the shares.This is a normal process. We bought shares at a price of 2 Turkish liras, now sell for 4.35 Turkish liras", SOCAR President said.
He stressed that SOCAR does not sell its 51% stake in Petkim: "We bought 10% from the state and a certain part from the market and are now selling those shares".