SOCAR invested $100M in Petkim every year

SOCAR invested $100M in Petkim every year
  • Clock-gray 09:44
  • calendar-gray 01 November 2017

SOCAR Turkey Energy has invested $12.6 billion in projects such as STAR Refinery, PEtkim Petrochemical Holding, Petlim, Petkim wind power station and TANAP since 2008.


APA-Economics reports that SOCAR Turkey Energy invested %100 million in Petkim every year.


“After completion of all projects, SOCAR’s investments in Turkey will reach $19.5 billion, of which $11 billion will have been invested in Aliaga region of Izmir. STAR Refinery will be launched in the third quarter of 2018. The project costs $6 billion”, Turkish Sabah newspaper reported. 

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