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SOCAR Projects in Turkey Could Reach $20b

Investments in Turkey made by the State Oil Company of Azerbaijan (SOCAR) could reach $20 billion by 2023, according to Kanan Yavuz of SOCAR Turkey Energy, a member of the Petkim petrochemical complex.

Yavuz said SOCAR plans to raise investments in Turkey's economy to $17 billion by 2018 and to $20 billion by 2023.

"This is a very important figure in the development of economic ties between Azerbaijan and Turkey," Yavuz said. "If SOCAR projects in Turkey are implemented in the designated terms, it can add to the top list of leading companies of Turkey along with such giants as Koch and Sapanji."

Source: News.Az

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