The Petkim petrochemical complex, one of the largest investments of the State Oil Company of Azerbaijan (SOCAR) in Turkey, has successfully completed the third quarter of this year
This is stated in the Petkim report for the third quarter of this year.
According to the data, despite the COVID-2019 pandemic, Petkim’s profit for the reporting period was 311 million Turkish liras (36.7 million USD).
Optimizing operating costs, continuing to improve production processes, maximizing the number of working days for enterprises through effective maintenance programs, etc., were indicated as the reasons affecting the profitability of Petkim’s work.
The company, which increased its profit by 114% compared to the second quarter, by 36% compared to the same period last year, increased its liquidity in January-September of this year, providing a cash flow of 1.7 billion Turkish liras (200.9 million USD) from operations.