Azerbaijan's state-owned company to build a 200,000 bpd refinery in Turkey by 2012

SOCAR, the state-owned petroleum company of Azerbaijan recently announced to build a 200,000 bpd oil refinery in Aligaha city of Turkey by 2012, the local media reported. SOCAR- which invested US$2 bln last year in Turkish petrochemicals group Petkim -has aims to up its stake in the Turkey's petrochemicals market to 40% from the current 25%.
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