Newsfeed

Defense Ministry: Information about downing of Armenian Armed Forces' drone over Nakhijevan is false

BM-22 arrow-shaped finned hard core projectile found in basement of a building in Yerevan

James Warlick made statement related to celebration of Artsakh Independence Day

Armenia's Ombudsman met with Andrias Ghukasyan's wife

Adversary fired Karabakh positions from "Utes" NSV large caliber machinegun

Armenia's Foreign Ministry has no information whether there are citizens of Armenia among victims of fire at warehouse in Moscow

VivaCell-MTS General Partner of the Paros Chamber Choir that Wins 2 Silver Medals at the Choir Olympics

David Sanasaryan: Fight for release of all political prisoners and for power change will be continued in Armenia

No citizens of Armenia among killed or injured in earthquakes in Italy, emergency situations ministry says

Eduard Sharmazanov: There will be no problem with delivery of grape

"Heritage" Party demands to stop criminal persecution of its representatives

Arman Melikyan: Moscow’s actions have become very predictable and those who lead it to a dilemma know beforehand what it will choose

Hotline available at Armenia's Embassy in Italy

Hackathon contest to be launched by MIC Armenia with support of Beeline

Putin charges immediate operability tests of Russian troops

Sources: Leadership of 102nd Russian military base in Armenia may be replaced soon

Armenian FM: Still no data if there were Armenians among quake victims in Italy

Arrestee over attempt of terror attack on Armenian-Russian gas pipeline confesses

Armenian Foreign Ministry verifying if there were citizens of Armenia among those feared killed in earthquake in Italy

Regional

Petkim Petrochemical Plant Obtained Privileges from Turkish Government

  • Thursday, January 10, 19:45

 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