Mammadov made the remarks at the Argus Azerbaijan International Petroleum Summit 2017 in Baku Oct. 13.
He added that Petkim has obtained profit since 2015, which is primarily connected with a fall in oil prices, as the main raw material for the plant is naphtha.
Petkim produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported. The production capacity of Petkim is 3.6 million tons of products per year.
Petkim shareholders are: SOCAR Turkey Petrokimya AS (51 percent), US Goldman Sachs bank – 7.68 percent, other shareholders – 41.32 percent.
Net profit of SOCAR’s Petkim increases
13 October 2017
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Net profit of Petkim petrochemical complex, which is a subsidiary of Azerbaijan’s oil state company SOCAR in Turkey, has increased by about 10 percent since early 2017, Anar Mammadov, Petkim director general, said.
