12/1/2008

A nice gesture of an investment of $3.5 billion by Azerbaijan

Star – The Azerbaijan-based company Socar, which had acquired Petkim for $2B, applied to Energy Market Regulatory Authority together with its partner Turcas in order to found a refinery in Aliaga. Socar-Turcas intends to make an investment of $3.5 billion. It has been stated that the area on which the refinery is to be built is ready.