Turkey's Petkım Sıgns 10 Lıcence Deals Wıth 5 Fırms

Petrochemicals company Petkim Petrokimya Holding AS (PETKM.IS) said late Wednesday it has signed 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 BeneluxItaly'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 AzerbaijanTurkish fuel distributorenergy 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.
(YC-YC-E-ENG)