The Azerbaijan State News Agency

ECONOMY

Petkim petrochemical complex`s new CEO appointed

Ankara, December 21 (AZERTAC). Sadettin Korkut has been appointed the new CEO of the Turkish petrochemical complex Petkim, in which SOCAR (State Oil Company of Azerbaijan) has a stake.

The appointment ceremony held in the company was attended by chair of the Petkim petrochemicals complex Vagif Aliyev.

In his speech, Aliyev noted that Petkim is SOCAR`s foundation in Turkey.

SOCAR Turkey Enerji (Turkish division of SOCAR) and SOCAR International DMCC OGG own 61.32 per cent stake in Petkim. Another 38.67 per cent of the shares are in free float on the Istanbul Stock Exchange. Alongside with Star Petroleum Refining, STEP energy station, Petkim container port and Trans-Anatolian Natural Gas Pipeline project (TANAP), SOCAR`s investments in Turkey will reach $17 bln.

Share news on social media

Follow us on social network

Other news in this section

Azerbaijan, Algeria eye economic cooperation opportunities
  • 16.06.2026 [20:53]

Azerbaijan, Algeria eye economic cooperation opportunities

Shalala Kamilova: Expanding women's participation in strategically significant economic sectors is becoming increasingly important
  • 16.06.2026 [19:54]

Shalala Kamilova: Expanding women's participation in strategically significant economic sectors is becoming increasingly important

Meerim Usubalieva: Kyrgyz logistics companies actively utilizing the Middle corridor
  • 16.06.2026 [19:50]

Meerim Usubalieva: Kyrgyz logistics companies actively utilizing the Middle corridor

Zhanna Aidarova: Future of the Middle Corridor lies in cooperation between Kazakhstan and Azerbaijan
  • 16.06.2026 [19:42]

Zhanna Aidarova: Future of the Middle Corridor lies in cooperation between Kazakhstan and Azerbaijan

Shakhlo Abidjanova: Middle Corridor has become a key route for international logistics
  • 16.06.2026 [18:00]

Shakhlo Abidjanova: Middle Corridor has become a key route for international logistics

Sabina Tanriverdiyeva: Women's leadership in logistics contributes to regional cooperation
  • 16.06.2026 [17:50]

Sabina Tanriverdiyeva: Women's leadership in logistics contributes to regional cooperation

Azerbaijan, UK expand economic relations by setting new targets
  • 16.06.2026 [17:43]

Azerbaijan, UK expand economic relations by setting new targets

SOCAR President meets with President and Chief Executive Officer of IPA
  • 16.06.2026 [15:48]

SOCAR President meets with President and Chief Executive Officer of IPA

EMRA shares Türkiye’s energy sector digitalization experience with AERA specialists
  • 16.06.2026 [14:30]

EMRA shares Türkiye’s energy sector digitalization experience with AERA specialists

Azerbaijan, Algeria eye economic cooperation opportunities

  • [20:53]

Yalchin Rafiyev: Holding an event dedicated to the decline in Caspian Sea water level in Bonn is highly significant

  • [20:12]

Top stories update

  • [20:00]

Shalala Kamilova: Expanding women's participation in strategically significant economic sectors is becoming increasingly important

  • [19:54]

Meerim Usubalieva: Kyrgyz logistics companies actively utilizing the Middle corridor

  • [19:50]

Moscow hosts presentation of Azerbaijan’s “Yelani” kelaghayi brand

  • [19:43]

Zhanna Aidarova: Future of the Middle Corridor lies in cooperation between Kazakhstan and Azerbaijan

  • [19:42]

Azerbaijan`s youth policy in spotlight of World Youth Development Forum

  • [19:41]

Azerbaijani Army servicemen participate in "Caucasus Eagle 2026" exercise

  • [19:24]

Britain's Prince George to go to prestigious Eton College

  • [19:24]

Prefect of Dicastery for Interreligious Dialogue of Holy See visits House of Tolerance

  • [19:21]

Devlet Bahçeli: TURKPA plays significant role in promoting cooperation among the fraternal Turkic States

  • [19:06]

Azerbaijan, Uzbekistan sign documents with participation of both countries’ PMs

  • [18:54]

Appeal hearing on complaints of Armenian citizens continues

  • [18:51]

Shakhlo Abidjanova: Middle Corridor has become a key route for international logistics

  • [18:00]

Conference of Directors of European National Libraries wraps up its annual meeting

  • [17:56]

Sabina Tanriverdiyeva: Women's leadership in logistics contributes to regional cooperation

  • [17:50]

Azerbaijani judokas win three medals at tournament in Russia

  • [17:49]

Azerbaijan Tourism Board joins "WiT Phocuswright Middle East" event in Barcelona

  • [17:49]

Azerbaijan, Holy See explore enhanced cooperation

  • [17:45]

Azerbaijan, UK expand economic relations by setting new targets

  • [17:43]

Azerbaijani NGOs send letter to U.S. House of Representatives

  • [17:35]

Antonio Rüdiger signs one-year contract extension at Real Madrid

  • [17:24]

6.3-magnitude earthquake hits Qinghai

  • [17:20]

Azerbaijan’s PM meets with Uzbek President Shavkat Mirziyoyev

  • [17:15]

Exhibition marking Azerbaijan’s National Salvation Day opens in Italy

  • [17:13]

Central Sulawesi launches emergency response after M6.7 quake hits Palu

  • [16:47]

Albania-U.S. defence cooperation key to military modernisation

  • [16:42]

Guba hosts regional discussions on new state program for agricultural sector

  • [16:35]

Japan raises interest rate to highest for 31 years

  • [16:26]

Azerbaijani delegation pays official visit to Turkish city of Kars

  • [16:25]

President Ilham Aliyev held phone conversation with Prime Minister of the Netherlands

  • [16:23]

Regional conference in Aghjabadi discusses key development priorities of agricultural sector for 2026–2030

  • [16:16]

9 killed, 26 injured after train-bus collision in Zimbabwe

  • [16:15]

From Kais Saied, President of the Republic of Tunisia

  • [16:04]

Bangladesh records daily spike of over 1,000 suspected measles cases

  • [15:57]

Baku hosts presentation of book highlighting hate speech and falsification of historical facts in Armenian secondary schools

  • [15:56]

Nearly half of the world’s children exposed to at least three overlapping climate threats – UNICEF

  • [15:54]

SOCAR President meets with President and Chief Executive Officer of IPA

  • [15:48]

5.5-magnitude earthquake hits eastern Japan near Tokyo

  • [15:37]

Türkiye achieves world’s first 8-way cross-liver transplant

  • [15:21]

Lankaran hosts regional meeting focused on agricultural development priorities for 2026–2030

  • [15:01]

Seven new airports to be put into operation by 2030

  • [14:51]

Prime Minister Ali Asadov embarks on working visit to Uzbekistan

  • [14:45]

Bulgaria’s Cabinet unveils SIGMA AI Tool for public procurement

  • [14:30]

EMRA shares Türkiye’s energy sector digitalization experience with AERA specialists

  • [14:30]

UFC event in Baku attracts ticket purchases from 67 countries worldwide

  • [14:09]

Leyla Aliyeva meets with UN Under-Secretary-General in Bonn

  • [13:40]

Leyla Aliyeva participates in Bonn discussion on environmental impact of Caspian Sea’s declining water level

  • [13:33]

® ABB Bank represented by its digital branch at Annual Meetings of the Islamic Development Bank Group

  • [13:22]

Leyla Aliyeva meets with Executive Secretary of UN Framework Convention on Climate Change

  • [13:19]

Azerbaijan, Mongolia expand road transport cooperation with increased permit quotas

  • [12:59]

FDI in Kyrgyzstan reaches $1.3 billion in 2025

  • [12:51]

DR Congo Ebola cases rise to 808, death toll reaches 192

  • [12:42]

® AzInTelecom blocks more than 73,000 cloned IMEI codes

  • [12:38]

Israeli Air Force chief confirms ‘Broad Strike’ on Iran called off at last minute

  • [12:29]

Kazakhstan’s foreign trade hits $44.9bn

  • [12:15]

Kyrgyzstan to build first plant on seismic insulation components

  • [12:10]

Top stories update

  • [12:00]

Heroic Cabo Verde hold Spain to draw

  • [11:57]

World faces its most dangerous period since World War II — Global Peace Index 2026

  • [11:45]

ANAMA: 51 mines and 497 UXOs neutralized over past week

  • [11:44]

Indonesia studies prescribed burning to curb wildfires

  • [11:38]

Baku hosts 51st Annual Meetings of Islamic Development Bank Group

  • [11:35]

Kazakhstan to launch railway carriage manufacturing plants

  • [11:30]

Nikkei stock index tops 70,000 for first time

  • [11:28]

Israeli, U.S. scientists propose new approach to detect possible life on other worlds

  • [11:23]

President Ilham Aliyev received Prefect of the Dicastery for Interreligious Dialogue of the Holy See VIDEO

  • [11:18]

O’zbekiston Mahallasi in Hatay represents a symbol of brotherhood and solidarity

  • [11:14]

Cases of deadly tick-borne disease in Japan rise faster than 2025

  • [11:02]

World Cup 2026: Iran 2-2 New Zealand - Mohammad Mohebbi's header rescues draw after Motherwell forward Elijah Just's double

  • [10:53]

Azeri Light sells for $86

  • [10:46]

Vance says nuclear inspectors to return to Iran under peace deal

  • [10:45]

Xinhua: China's urbanization offers valuable experience for developing countries - Azerbaijani expert

  • [10:38]

68 killed after strong quake hit S. Philippines

  • [10:35]

Azerbaijan Army holds series of events marking National Salvation Day

  • 15.06.2026 [23:13]

Azerbaijan’s candidate elected member of UN Human Rights Committee for 2027-2030

  • 15.06.2026 [23:05]

Foreign Ministry of Northern Cyprus: We commemorate with deep respect National Leader of Azerbaijani people Heydar Aliyev

  • 15.06.2026 [22:35]

Text of Iran deal to be released 'sometime after Friday': Trump

  • 15.06.2026 [22:14]

Top stories update 

  • 15.06.2026 [20:00]

Turkish, Iranian foreign ministers discuss US-Iran agreement

  • 15.06.2026 [19:42]

Azerbaijani delegation to attend UNESCO events in Paris

  • 15.06.2026 [18:59]

Turkish National Defense Ministry: Ankara and Baku will continue to stand shoulder to shoulder

  • 15.06.2026 [18:43]

World leaders gather in France for G7 summit amid US-Iran diplomatic breakthrough

  • 15.06.2026 [18:25]

Azerbaijan's Minister of Defense extends condolences to Pakistani side

  • 15.06.2026 [18:08]

Turkish President congratulates Azerbaijan on National Salvation Day

  • 15.06.2026 [17:47]

Shusha hosts international conference on “Regional Contribution to Global Security: Peacebuilding in the South Caucasus”

  • 15.06.2026 [17:35]

Azerbaijan successfully completes review of first climate transparency report

  • 15.06.2026 [16:32]

Another shipment sent to Armenia in transit through territory of Azerbaijan

  • 15.06.2026 [15:52]

Real Madrid signs Cucurella from Chelsea in first transfer since Mourinho's return

  • 15.06.2026 [15:44]

Turkish president welcomes US-Iran agreement, calls it key step toward regional peace

  • 15.06.2026 [15:25]

Special Representative of the President: Over 80,000 people live and work in Azerbaijan’s liberated territories

  • 15.06.2026 [15:01]

2nd International Barbecue Festival wraps up in Shamakhi with awards ceremony

  • 15.06.2026 [14:26]

Azerbaijan’s MFA: We welcome agreement reached between the U.S. and Iran

  • 15.06.2026 [14:02]

Prime Minister Ali Asadov visits grave of National Leader Heydar Aliyev in Alley of Honors

  • 15.06.2026 [13:54]

Sweden rout Tunisia 5-1 to launch World Cup campaign in style

  • 15.06.2026 [13:45]

Pakistan's prime minister says US, Iran have reached peace deal after intensive talks

  • 15.06.2026 [12:30]

Japan rallies twice to draw with Netherlands at World Cup

  • 15.06.2026 [12:17]

Top stories update

  • 15.06.2026 [12:00]

President of Turkmenistan Serdar Berdimuhamedov to visit Azerbaijan

  • 15.06.2026 [11:55]