SOCAR and BP explore the creation of a new petrochemicals joint venture in Turkey

MOSCOW (MRC) -- BP and SOCAR Turkey announced that they have signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey, said BP.The proposed facility, in Aliaga in western Turkey, would produce 1.25 million tonnes per annum (tpa) of purified terephthalic acid (PTA), 840,000 tpa paraxylene (PX)

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