Baku 4° C
SOCAR-Turkey: Possibility of third wave is a big risk for refineries
Energy
- 30 March, 2021
- 09:53
"Breaks in the supply chain of the petroleum products caused problems in naphtha supply and its price has significantly increased in the recent months, Chairman of SOCAR Turkey Refinery and Petrochemical Business Unit, Petkim Director-General Anar Mammadov told Anadolu Agency, Report informs.
According to him, demand for petrochemical products increases by 3% every year: “The pandemic caused more increase in the demand. Therefore, we are not expecting any decline in the petrochemical sector, but, the possibility of the third wave will lead to big risks for refineries.”
Author
Latest News
12:38
US blows past another deadline to field its first hypersonic missile
Other countries12:13
Trump wants nations to pay $1 billion to stay on his peace board
Other countries12:08
Musk seeks up to $134 billion from OpenAI and Microsoft
Business11:34
EU calls emergency envoys meeting after Trump vows tariffs linked to Greenland
Other countries11:24
At least six people killed after huge shopping centre fire in Pakistan
Other countries10:47
Macron says Trump tariff threat over Greenland unacceptable
Other countries10:42
EU and Mercosur sign trade deal after 25 years of negotiations
Other countries10:15
Israel says US Gaza executive board composition against its policy
Other countries09:54