Turkey's Petkım Sıgns 10 Lıcence Deals Wıth 5 Fırms
Petrochemicals company Petkim Petrokimya Holding AS (PETKM
Petrochemicals company Petkim Petrokimya Holding AS (PETKM.IS) said late Wednesday it has signed 10 licence deals with five different firms for engineering works at various processing units of a planned refinery project.
In a statement, the company said it has signed deals with French company Axens, the U.K.'s UOP, Foster Wheeler of the U.S., Dutch company Technip BeneluxItaly's KTI.
The refinery will have a capacity of 10 million metric tons per year, the company said.
Petkim is a joint venture between the State Oil Company Of AzerbaijanTurkish fuel distributorenergy firm Turcas Petrol AS (TRCAS.IS).
At 0810 GMT, Petkim shares were trading 1.2% higher on the Istanbul Stock Exchange at TRY8.55, amid a 0.35% higher overall market.
(YC-YC-E-ENG)
In a statement, the company said it has signed deals with French company Axens, the U.K.'s UOP, Foster Wheeler of the U.S., Dutch company Technip BeneluxItaly's KTI.
The refinery will have a capacity of 10 million metric tons per year, the company said.
Petkim is a joint venture between the State Oil Company Of AzerbaijanTurkish fuel distributorenergy firm Turcas Petrol AS (TRCAS.IS).
At 0810 GMT, Petkim shares were trading 1.2% higher on the Istanbul Stock Exchange at TRY8.55, amid a 0.35% higher overall market.
(YC-YC-E-ENG)