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SOCAR aims to increase its market share in Turkey

by ChemOrbis Editorial Team -
  • 15/05/2015 (10:46)
According to media reports, Rovnag Abdullayev, the head of Azerbaijan’s state oil company SOCAR, reported during the B20 Regional Consultation Forum held in Baku that they aim to increase their share in Turkey’s petrochemical market by 40% by the end of 2023. SOCAR holds a 51% stake in Turkey’s sole petrochemical producer Petkim Petrokimya A.Ş.

In his speech, Abdullayev also stated that the company is planning to launch the STAR refinery in Turkey, which is currently under construction, in the second quarter of 2017.
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