SOCAR to invest USD 17 billion in Turkey projects
Mr Petkim Kenan Yavuz head of SOCAR Turkey Energy and board member of the petrochemical complex said by 2018, SOCAR volume of investments in Turkey will reach USD 17 billion.
He said that about USD 9 billion will be invested in the development of the site including construction of a refinery, a power station and a container port. The rest of the investments will fall to the TANAP gas pipeline project. At present preparation work is underway to start the refinery construction.
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