SOCAR, state oil company of Azerbaijan, by 2018 will be investing $17bn in Turkey, said Kenan Yavuz, CEO of SOCAR Energy Turkey. This investment is expected to be the largest in the history of the Turkish private sector.
SOCAR has a hold on the controlling amount of shares in largest petrochemicals holding company Petkim in Turkey, that is constructing a $5bn refinery on the Aegean coast.
Yavuz said, the $6bn project initiated for building the Trans-Anatolia gas pipeline, follows other major projects linking Azerbaijan and Turkey - the Baku-Tbilisi-Ceyhan oil pipeline, the Baku-Tbilisi-Erzurum gas pipeline and the Baku-Tbilisi-Kars railway.
According to him, presently, Turkey is the largest buyer of Azerbaijani gas, and the major amount of gas from Shah Deniz of Azerbaijan, is being exported to Turkey.
SOCAR has a hold on the controlling amount of shares in largest petrochemicals holding company Petkim in Turkey, that is constructing a $5bn refinery on the Aegean coast.
Yavuz said, the $6bn project initiated for building the Trans-Anatolia gas pipeline, follows other major projects linking Azerbaijan and Turkey - the Baku-Tbilisi-Ceyhan oil pipeline, the Baku-Tbilisi-Erzurum gas pipeline and the Baku-Tbilisi-Kars railway.
According to him, presently, Turkey is the largest buyer of Azerbaijani gas, and the major amount of gas from Shah Deniz of Azerbaijan, is being exported to Turkey.