SOCAR is represented in Turkey by its subsidiary company, SOCAR Turkey Enerji, which is one of the largest industrial companies in the country with 5,000 employees and $3 billion of export potential.
The company, also owning the STAR refinery, has a controlling stake (51 percent) in the authorized capital of the petrochemicals complex Petkim, situated on the Aliaga Peninsula.
In late December 2018, BP and SOCAR Turkey Enerji signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey. The facility will also be located in SOCAR Turkey Enerji’s Private Industrial Zone in Aliaga.
SOCAR also plans to purchase Turkish assets of the German energy giant EWE and build nine filling stations at Istanbul’s new airport.