BAKU, Azerbaijan, May 15
By Leman Zeynalova – Trend:
Petkim petrochemical complex of Azerbaijan’s state oil company SOCAR in Turkey has increased its production by around 2 percent in the first quarter of 2020, as compared to the same period of 2019, bringing it to 802,000 tons, Trend reports citing SOCAR Turkey.
Head of the SOCAR Turkey Refinery and Petrochemicals Business Unit Anar Mammadov noted that the total volume of sales in the first quarter of 2020 reached 2.8 billion Turkish liras ($404,740,000).
“While many companies were experiencing raw material shortages due to restrictions around the world, we saw the effectiveness of Petkim’s operation in integration with STAR Refinery during the COVID-19 outbreak, and we took advantage of it,” he said.
Incorporated in 1965, Petkim maintains its business operations as the first and only integrated petrochemical producer of Turkey. Producing approximately 60 petrochemical products at its production facilities in Aliaga, Izmir, Petkim provides contributions to national industry and production.
SOCAR Turkey acquired and made Petkim focal point of its investments in 2008.
The petrochemical products, produced by Petkim, are used in several industrial branches such as automotive, electrics, electronics, agriculture, packaging, textile, pharmaceutics, paints, construction, detergent and cosmetics.
The opening ceremony of the Star oil refinery took place on October 19, 2018 in Izmir, Turkey.
The total refining capacity of the refinery is 10 million tons. The refinery will significantly reduce the dependence of Turkey on imports of petrochemical products.
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