Such status is received by those companies the paid capital of which exceeds two million Turkish liras, and export volume of which has reached $100 million over the last 12 months.
Having received this status, Petkim will be able to take advantage of various benefits, for example, a guarantee of VAT refund, loans with low interest rates, state support for exports, and simplified customs procedures.
Petkim petrochemical complex, which is a subsidiary of Azerbaijan’s state oil company SOCAR in Turkey, produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported.
Petkim shareholders are SOCAR Turkey Petrokimya AS (51 percent) and SOCAR Turkey Enerji AS (1.32 percent), with 47.68 percent in free float.
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