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Azerbaijan Becomes Turkey’s Largest Foreign Investor

SOCAR's investments in Turkey are the largest direct investments, SOCAR Turkey Enerji head Kenan Yavuz said.

"SOCAR's direct investments exceeded $14.9 billion made into the Turkish economy during 1923-2003". He also stressed the possibility for SOCAR's investments in Turkey's economy to reach $20 billion as a result of a number of projects.
"While the projects in the power engineering and petro-chemistry, Azerbaijan became Turkey's largest foreign investor," Yavuz added.

SOCAR Turkey Enerji ranks second in Turkey's industrial production.

SOCAR Turkey Enerji A.Ş and SOCAR International DMCC OGG acquired a 10.32 percent stake in the Petkim petrochemical complex, increasing their stakes to 61.32 percent on March 30, 2012. 38.68 percent of the shares are in free circulation on the Istanbul Stock Exchange. 
Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC and detergents being the only Turkish producer of such products. The holding exports a quarter of its products.

Source: News.az

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