Turkish Petrochemicals Major Petkim Given $5 Billion Production Boost, an Industrial Info News Alert

Market Wire, July, 2008

Researched by Industrial Info Resources (Sugar Land, Texas) -- When the consortium formed by Socar (Azerbaijan), Turcas (Turkey) and Injaz (Saudi Arabia) finalized the $2 billion, 51% takeover of Turkey's state-owned petrochemical major Petkim Petrokimya Holding A.S. (IST:PETKIM) (Izmir) in May, it promised a major investment to expand the group to more than double its annual production capacity to 4.5 million tons.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=135513 , or browse other breaking industrial news stories at www.industrialinfo.com .

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com .

Related News Articles

Indian Oil Corporation Explores Turkish Refinery and Fuel Markets In Europe

Shaw Group Heads Consortium to Provide FEED, Equipment and Services for Hyundai Oilbank's Refinery Expansion

Karnataka Government to Clear over $5 Billion in Investments Across Several Sectors

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact: Joe Govreau 713-783-5147