Turkish fund to build $10B petchem and refinery facility

Hurriyet Daily News | Dec 4, 2019 at 9:23 AM
  • Turkish Wealth Fund Management Company will construct a $10 billion refinery and petrochemicals complex in Ceyhan, in Turkey’s southeastern Adana province, the Wealth Fund’s officials told Anadolu Agency on Dec. 3.
  • Turkey aims to decrease dependency on imports in the energy, mining, refinery and petrochemical sectors, considered strategic areas that the fund is targeting for investments.
  • The Wealth Fund Management Company will lead the facility’s investment, however, it will also be open to partnerships from the private sector including institutional players.