SOCAR Makes FID Push for Petrochemical Plant in Turkey
The State Oil Company of Azerbaijan (SOCAR) is working towards a final decision around the construction of the Mercury petrochemical complex in the Aliaga district of Izmir, Turkey. This expectation comes as many projects that had been postponed due to the COVID-19 pandemic effect are seeing new movement, and this previously delayed project is having new urgency attached to it. The Mercury complex, sometimes styled as Merkury, was previously expected to break ground on its construction in early 2020, but that has continued to be delayed due to the pandemic effect and from changes in ownership. Former Mercury partner BP sold its interest in the project to INEOS of Spain as part of the company
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