Injaz Projects' acquisition of Petkim Petrokemiya on schedule

Injaz Projects' joint venture proposal of US$2 bln to acquire a 51% controlling stake in Turkey's state-owned petrochemicals manufacturing company, Petkim Petrokemiya, is to close on schedule by the second half of January 2008. Injaz Projects - together with its partners, Azerbaijan Oil and Gas Company (SOCAR) and Turcas Petroleum - formed a joint venture group in early 2007 for the purpose of winning the Petkim tender. Turkey's petrochemical sector is estimated to be worth US$12 bln annually by 2015, from the current levels of US$6.5 bln annually. Petkim meets 25% of the local demand with annual production capacity of 1.78 million tons of thermoplastics, textile intermediary products, synthetic rubber raw materials, and other petrochemicals.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha