Azerbaijan Petrochemicals Report Q2 2018
Chemicals and petrochemicals output in Azerbaijan is on a small scale. Until production facilities are upgraded and expanded, webelieve it is unlikely that SOCAR will compete effectively against foreign rivals in both the domestic and export markets. Thecompany owes its existence to state patronage and protection and is plagued by major disruptions to output caused by periodicrapid rises in electricity and raw material costs.
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