SOCAR-TURCAS Joint Venture gets license
The Regulatory Authority was applied for license reception on December 2008. SOCAR-TURCAS Executive Manager and member of Petkim Board of Directors Kenan Yavuz expressed his assurance on successful construction of the oil refinery. According to him, the refinery foundation with capacity of 10 mln tons a year will be laid soon. He added that the event will ensure jobs to about 7000-10,000 people, and 1000 people after it’s is put into operation.