1/14/2008

SOCAR to invest 10 billion USD in Turkey

The New Anatolian - State Oil Company of Azerbaijan Republic (SOCAR) said it plans to invest 10 billion USD in Turkey to set up an oil refining plant. SOCAR Chairman Rovnag Abdullayev said his company aims to become a major global gas seller just like Russia. We have projects to set up new petroleum refineries in Ceyhan town (of southern province of Adana) and at Petkim facilities and then we plan to build chemical processing plants in Turkey, Abdullayev said. We plan to make an investment about 10 billion USD, he added.

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