SOCAR

New gas complex in Azerbaijan due in H2 2017

PETKIM

New plastic packaging plant starts up in Turkey / PET and PTA capacity expansions on track

SOCAR

PP and HDPE production to commence in Sumgayit in Azerbaijan in 2016

OLTCHIM

Losses continue to mount / Capacity estimated at below 20% / Reportedly 10 contenders with interest to purchase insolvent company

PETKIM

Socar to invest EUR 7-8 bn in Turkish chemical park / Earnings rebound in Q1 2013

PETKIM

Construction of USD 5.5 bn mega-refinery on track / Commissioning expected in 2015 / Start-up will significantly reduce Turkey's dependence on feedstock imports

TURKEY

Plastics industry continues to boom / Processing sector expected to grow by 15% in 2011 / Extremely dependent on raw material imports / Saudi Arabia by far most important plastics supplier / Industry association Pagev reports