Turkish petrochem major Petkim plans giant projects post-privatization

Turkey’s recently-privatized petrochemicals major Petkim awaits approval from the Energy Market Regulatory Agency to accomplish several planned projects. Owned by Turkey’s Turcas and Azerbaijan’s Socar, Petkim has applied for a licence for a planned refinery worth US$3 bln. The refinery will help the company meet its feedstock requirements, reducing dependency on current imports. Requisite studies to obtain the Environmental Impact Assessment (EIA) are being conducted along with engineering studies for feasibility and configurations.
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