Baku 18° C
Nearly $ 100 mln will be invested in Petkim in 2017
Industry
- 26 April, 2017
- 12:43
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 26 April. REPORT.AZ/ It is planned to invest $ 100 mln in Turkey's first and only manufacturer of petrochemicals Petkim Holding.
Report informs, said Bilal Guliyev, Deputy Director General of Petkim Holding which mainly owned by the State Oil Company of Azerbaijan Republic.
According to investment program, a part of these funds have already been spent in first quarter: "Petkim’s 2017 total budget is $ 200 mln, investment budget is approximately $ 100 mln. For stable operating of Petkim at full capacity the investment should be carried out constantly. Renovation work is being done in Petkim every time. At the moment, Petkim works in full capacity, it makes nearly 50 products”.
Author
Photo
Photo
Latest News
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
22:54
Recep Tayyip Erdoğan: I take great pleasure in conveying my most sincere wishes to President Ilham Aliyev
Foreign policy
22:45
Azerbaijani ambassador highlights Croatia"s support for demining efforts
Foreign policy
22:38
Photo
First Vice-President Mehriban Aliyeva, along with her family members, attended symphonic show by internationally acclaimed violinist David Garrett
Cultural policy
22:19
Azerbaijani cookbook published in Bosnian
Foreign policy
21:47
Azerbaijani energy minister begins visit to Ukraine
Energy
21:20
Photo
Baku hosts medal ceremony at World Fire and Rescue Sport Championships
Team sports