Azerbaijan’s state oil company to invest 10 billion USD in Turkey

Istanbul, 12 June 2012 – Over the next eight years Azerbaijan’s state oil company, SOCAR, intends to invest 10 billion USD in Turkey according to Suleyman Gasimov, the company’s Vice President. This amount excludes the new Trans – Anatolian Pipeline Project. SOCAR is already building a 5 billion USD refinery inIzmirand owns over 60 percent of PETKIM,Turkey’s largest petrochemical company. Source: Invest in Turkey