State Oil Co. of Azerbaijan, known as Socar, and Petkim Petrokimya Holdings AS plan to build Turkey’s largest container port at a cost of $400 million, Socar President Rovnaq Abdullayev told the ANS television channel, Bloomberg reports. The port will help cut transportation costs, Abdullayev said late yesterday.
There are also plans to build a power station with an estimated cost of $1.2 billion, he said. The power plant will generate electricity for the Star oil refinery that’s under construction in Turkey’s Aliaga region and also for Turkish consumers, according to the company’s president.
There are also plans to build a power station with an estimated cost of $1.2 billion, he said. The power plant will generate electricity for the Star oil refinery that’s under construction in Turkey’s Aliaga region and also for Turkish consumers, according to the company’s president.