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Turkey's Petkim Signs 10 Licence Deals With 5 Firms

Turkey's Petkim Signs 10 Licence Deals With 5 Firms
Turkey's Petkim Signs 10 Licence Deals With 5 Firms

 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 Benelux and Italy'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 Azerbaijan and Turkish fuel distributor and energy 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. İHA

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