SOCAR to invest in Turkish Petkim, cutting deficit, boosting exports

SOCAR is not new to Türkiye’s economic landscape. Over the past decade and a half, its investments have already surpassed $18 billion, touching every critical sector from refining and logistics to petrochemicals. The acquisition of Petkim in 2008 was a historic step that symbolised Azerbaijan’s commitment to Türkiye’s industrial development. Today, Petkim is a cornerstone of Türkiye’s petrochemical industry, producing 2 million metric tons annually and covering 11% of domestic demand. This contribution has already demonstrated the power of Azerbaijani capital working in harmony with Turkish industry.

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