Turkish petrochemical holding Petkim, 51% in which belongs to alliance SOCAR (Gosneftekompaniya of Azerbaijan)/Turcas, will build a petrochemical factory in Iran. Turkish company Petkim and national petrochemical company of Iran signed a contract about building of factory on the production of metanola and polyethylene, the chairman of board of directors reported Turcas Erdal Aksoy. A joint venture will be created for this purpose
with equal equity participation (50 on 50 percents) of .moschnost’ factory on the production of metanola will make 1,6 million tons annually, and polyethylene – 300 thousands of tons, reports Trend Capital.kak said Aksoy, holding is interested in realization of projects and in other countries.
Suggestions are already conducted negotiations with Egypt and Saudovskoy Arabia.Creation of enterprise in Iran is explained by the low cost of raw material (gas) in the countries of the Persian gulf, and by the low cost of elektroenergiial’yans companies SOCAR/Turcas Petrol/Injaz Projects became a winner
tender on the sale of the 51-procentnogo share of chemical business concern holding Petkim, offering 2,04 milliards of dollars for him. Turkey imports now 70-75 percents of necessary chemical products, and investments SOCAR/Turcas/Injaz in development Petkim will allow to reduce the import of products
to 30 percents.SOCAR intend to 2015 to increase the volume of profits of this enterprise to four milliards of dollars from 1,9 milliards of dollars to date. Now power of production of this holding makes 3,2 million tons. There is this index to 2015
to 6,3 million tons will grow. To date the requirement of Turkey in petrochemical products equal to in a sum to 6,1 milliards of dollars, and this demand annually will grow on 11-12 percents. Today production Petkim engulfs about 25 percents of market of Turkey.As a result
measures which it is planned to realize in the future, products, producible petrochemical complexes Petkim, will engulf 40 percents of the Turkish market. SOCAR on development of petrochemical complex Petkim inlaid about two milliards of dollars.
