Newsfeed

Anne Brasseur says PACE seeks to establish contacts between Armenian and Azerbaijani delegations

PACE adopts decision to prepare report on "increase of tension in Nagorno Karabakh and other occupied territories of Azerbaijan"

ACBA-Credit Agricole Bank creates ACBA Business Partner sub-brand

Artifacts from Armenian Highlands cause sensation in the world of science

Vice Speaker: Armenian-Russian relations should develop and deepen

Argentinean writer: One more Armenian Genocide is taking place in Aleppo

Armenia ranked 4th in Eastern Partnership Media Freedom Index for first half of 2014

Opinion: SCR plays an important role in communications

River of Hrazdan overruns its banks, as intensive water releases from Lake Sevan launched

Turkish intellectuals urge apology to Armenian students

Hay Tar Mobile App now free of charge

VTB Bank (Armenia) wins Public Rating's Best Bank award

Georgia will temporarily close Upper Lars border crossing because of landslide danger

Nikol Pashinyan again publicly accuses Surik Khachatryan of direct complicity in Avetik Budaghyan's murder

Russian expert: Armenia should be interested in Russian-Azeri arms deals

Leader of Marxist Party of Armenia dies

Yerevan Brandy Company completes grape procurement in Ararat Valley

VTB Bank (Armenia) to sponsor the transfer of windsurfers in wintertime

ArmSwissBank becomes a partner bank for Medicine Producers and Importers Union of Armenia

Presidents of Russia and Azerbaijan to discuss Karabakh peace process

Finding mixture of ~300,000 year-old stone tools in Armenia challenges hypothesis that technique's appearance in Eurasia was result of expansion of hominins from Africa

Cemil Cicek says parliaments of other countries have no right to recognize Armenian Genocide in Ottoman Turkey

Control Chamber of Armenia detects violations in gas supply to some unprivileged communities in Syunik region

Authorities of Artsakh are ready to transfer saboteur's body to Azeri authorities

Oppositionist: I congratulate you on defeat of the authorities

Rostelecom modernizes its network

Turkey returns 42,000sq m land lot to "Surb Prkich" Armenian Fund

Oppositionist: Surik Khachatryan's appointment as governor of Syunik region is a slap in the face of the Armenian society

South Caucasus Railway to take part in the European Heritage Days dedicated to the beginning of the World War I

Czech Parliament to host exposition timed to Armenian Genocide centennial

ANC Representative: Constitutional reforms aim to ensure life-term power for Serzh Sargsyan

Parliamentary commission delays discussion of the draft decision on recognition of the NKR by Armenia

Armenia to come forward as third side on Perincek's case

Manvel Sargsyan: The myth of Russia's importance for Armenia is based on the formula "We will defend you"

OSCE MG Co-Chairs and Armenian and Azerbaijani FMs discuss preparations for high-level meeting in Paris

Parliament opposition finishes its today's rally with calls for Armenian President's resignation

Azeri President signs an order on some security measures on Line of Contact of Azeri and Armenian troops

Vartan Oskanian: Hovik Abrahamyan Government is falling short of expectations

Beeline to digitize Maralik town by the middle of October 2014

ICRC proves repatriation of an Armenian captive Sargis Ananyan

Petkim Petrochemical Plant Obtained Privileges from Turkish Government

  • Thursday, January 10, 13:45

 Baku. Petkim petrochemical complex has obtained a certificate for tax remissions as a part of the investment stimulation program from the Turkish Ministry of Economic Development. SOCAR bought the control amount of shares (50%+1 share) of Petkim in May 2008, reported Petkim's press office.

The press office quotes Sadetdin Korkut, General Director of Petkim, that the "Turkish Ministry of Economic Development has complied with Petkim's request, to provide tax remissions for the purpose of increasing the production capacity and produce new types of products." Korkut said that the decision would give a new impetus to development of the industry and increase the volume of manufactured products. As soon as new tax remissions are introduced, annual production capacity of the complex will increase by 13% and the manufacture of products will increase from the current 3.2 up to 3.5 million tons. Korkut also added that the new tax remissions would help to reduce product cost and turn Petkim into one of the biggest petrochemical complexes.  * On March 30, 2012 Socar Turkey Enerji A.S. and SOCAR International DMCC OGG bought 10.32% shares of Petkim and increased their share to 61.32%.  There is 38.67%  in free circulation at the Istanbul Stock Exchange.

 

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields