BAKU, Azerbaijan, June 3. The petrochemical complex of the Azerbaijani state oil company SOCAR in Turkey, Petkim, will be suspended for maintenance in October this year, Zaur Gahramanov, CEO of SOCAR Turkey, told Trend.
“This is a scheduled maintenance that takes place every four years. The purpose is to improve the operation of the complex, adjusting processes. The works will last 40-45 days. The decrease in production as a result of the suspension is taken into account in the budget,” he explained.
Petkim is the first and the sole integrated petrochemical facility in Turkey. It is the largest exporter in the Aegean region. Petkim’s production capacity is 3.6 million tons per year. The petrochemical complex produces around 60 different types of products and exports to 78 countries. The complex meets about 20 percent of Turkey’s demand for petrochemical products.
Sales revenue of Petkim petrochemical complex of Azerbaijan’s state oil company SOCAR in Turkey stood at 11.4 billion Turkish liras in the first quarter of 2022, 20 percent increase quarter-on-quarter. Petkim closed the first quarter of 2022 with a gross profit of 1.7 billion TL and a net profit of 1.8 billion TL. Despite the global geopolitical risks, Petkim started this year well with its management success in the first quarter, its productivity-enhancing efforts and the uninterrupted raw material support of STAR Refinery.
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