The final investment decision on constructing the petrochemical complex "Mercury" in Turkey will be made in 2022. Vagif Aliyev, the deputy chairperson of the Board of Directors of SOCAR Turkey, announced the information.
"We are in talks with INEOS (a British multinational chemical company headquartered in London) and other investors who have acquired BP's petrochemical assets. Of course, we disapprove of the long-term delay in implementing the Mercury project," Aliyev said.
INEOS closed a deal in January 2021 to acquire a business from BP. The deal was valued at $ 5 billion. The asset includes 15 manufacturing facilities, including 5 in the US, 8 in Asia, and 2 in Europe, as well as ten leading enterprises.