BAKU, Azerbaijan, Aug.31
By Leman Zeynalova - Trend:
Azerbaijan’s state oil company SOCAR has invested $37,202 in Turkey’s environmental sphere in 2020, as compared to $2,408 in 2019, Trend reports with reference to SOCAR.
SOCAR’s total social investments in Turkey dropped from $2,787,113 in 2019 to $1,598,193 in 2020. The company allocated $1,204,839 for healthcare and $127,783 for education, while $228,369 went to those who suffered from emergencies.
SOCAR Turkey initiated its business operations in Turkey upon acquisition of 51 percent of the shares of Petkim from the Privatization Administration in 2008.
Drawing attention with its giant projects realized one after another which will have a total investment value of $19.5 billion once completed, SOCAR Turkey encompasses the best-in-breed companies such as Petkim, TANAP, STAR Refinery, SOCAR Terminal, Petkim RES (Wind Power Plant), Bursagaz, Kayserigaz, Enervis, SOCAR Enerji Ticaret, Millenicom, SOCAR Ticaret and SOCAR Depolama.
Focusing on its main investment areas, namely petro-chemical products, refining, natural gas trade and distribution, SOCAR Turkey is the first company to get the title of 'Private Industrial Zone' in Turkey for its fields covering most of its investments in Aliaga.
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