Turkey’s Petkim posts stronger net profit in Q1
Sadettin Korkut, General Manager at Petkim, reportedly attributed the company’s stronger results in the first quarter to higher production capacity, which increased 13% with investments worth around $200 million in 2014, as well as lower energy costs and increased operating rates.
Meanwhile, Korkut also commented that a reasonable oil price for Turkey should be around $75-80/barrel, adding that the company eyes $125 million worth of investment in 2015.
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