TODAY.AZ / Business

SOCAR-Turcas-Injaz unveils $5 billion investment plan for Petkim

17 July 2008 [17:16] - TODAY.AZ
The SOCAR-Turcas-Injaz alliance (Azerbaijan-Turkey-Saudi Arabia), the owner of a 51% stake in Petkim Holding, the largest petrochemical firm in Turkey, unveiled a $5 billion investment plan.
According to the investment plan, the company’s market share will reach 40% and capacity and staff will be doubled by 2015.

Out of the funds to be borrowed from international financial institutions, $2 billion will go to the launch of new petrochemical products and $3 billion to the establishment of refinery infrastructure round the corner.

SOCAR&Turcas/Injaz consortium owns a 51% controlling stake in Petkim after privatization in May.

/APA/

URL: http://www.today.az/news/business/46481.html

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