Middle East Economic Survey

VOL. XLVIII

No 47

21-November-2005

TURKEY

Petkim Reports $9Mn 3Q Profit

Turkeys leading petrochemical producer Petkim on 14 November announced a third quarter profit of $8.98mn but reported an overall loss of $45.7mn for the first nine months of 2005. Sales this year have amounted to $710mn with $325mn having been attained during the third quarter. The company said investments worth $430mn had been booked, most of which had been used to expand its main ethylene plant,...