Baku 17° C
SOCAR's investments in Türkiye near $20B
Energy
- 12 May, 2023
- 08:32
Add Report.az to preferred Google sources
Stay up to date with the top news!
The total investment made by the State Oil Company of Azerbaijan (SOCAR) in Türkiye amounted to $18 billion, Anar Mammadov, the Head of the SOCAR Türkiye Processing and Petrochemical Division and the General Director of Petkim Petrokimya Holding, said at the press conference held on Friday, Report informs.
According to him, of this, $10 billion were invested only in the Aliaga district of the Izmir city.
Mammadov noted that today SOCAR's market share in Turkish petrochemical products is 12%: “The company can meet 25% of the country's demand for oil products.”
He noted that SOCAR Türkiye provides 20-25% of the country’s need for diesel.
Author
SOCAR Türkiyəyə yatırılan investisiyaların həcmini açıqlayıb
SOCAR обнародовал объем инвестиций в Турцию
Latest News
08:44
Switzerland imposes new sanctions on Russia and Belarus
Other countries
08:29
Saudi Arabia, Syria sign defense cooperation agreement
Other countries
08:12
Trump has no plans to dismiss Pentagon chief
Other countries
08:03
Bavarian politician Hubert Aiwanger found dead in Berlin hotel
Other countries
07:40
Gold prices surpass $4,100
Finance
07:37
UEFA Champions League: Sabah lose away to Viking
Football
00:05
Ukraine discusses postwar recovery and 2027 financing with partners in Brussels
Other countries
23:38
Trump acknowledges Iran war and fuel prices contributed to Republican defeat
Other countries
23:28
Moldova could complete EU accession talks in 2028, government says
Other countries