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SOCAR President Rovnag Abdullayev Visited Petkim

Source: www.gulfoilandgas.com 9/8/2015, Location: Asia

SOCAR President Rovnag Abdullayev, vice-presidents of the company Suleyman Gasimov, Elshad Nassirov, and Badal Badalov, Head of SOCAR's Investment Department and Chairman of the Board of Directors at SOCAR Turkey Vagif Aliyev paid a visit to Petkim peninsula in Turkey to get acquainted with the progress of implementation of the investment projects.

SOCAR management familiarized with the presentations on STAR Refinery, the construction of which is completed by 30 percent, on the Petlim port, the first phase of which will be completed in October 2015, as well as the Petkim Complex, which net profit will amount to 232 million Turkish liras in the first six months of 2015.

Mr. Abdullayev positively appreciated the financial performance of Petkim within reported period. According to him, works on the construction of the STAR Refinery are underway in accordance with the schedule. He expressed confidence that exploitation of the Petlim port would start in the near future by highlighting the importance of time factor.

Following the presentations, SOCAR officials participated in the ceremony of laying the foundation of the laboratory building of the STAR Refinery, as well as inspected the 300-meter breakwater and 700-meter ferry.

Kenan Yavuz, chief executive officer of SOCAR Turkey, Samir Karimli, first assistant to CEO, Sadettin Korkut, CEO of Petkim also participated at the meetings.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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