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Preliminary Agreement Signed for Raw Materials to Reduce Foreign Dependency

By 6 October 2021 No Comments

PETRO-CHEMICAL GIANT TATNEFT SIGNED A PRELIMINARY AGREEMENT TO INVEST IN GEBKİM

President of the Russian Federation Tatarstan Republic Rüstem Minnihanov had promised to invest in Turkey’s first and only chemistry specialized OIZ, GEBKİM, which he visited with the Minister of Industry and Technology Mustafa Varank on Wednesday, June 23. The preliminary protocol agreement for investment between petro-chemistry giant Tatneft and GEBKİM was signed on Thursday, June 24, under the auspices of Vice President Fuat Oktay and President of RF Tatarstan Rüstem Minnihanov.

A preliminary protocol agreement was signed for the facility investment between GEBKİM, Turkey’s first and only chemical specialized OIZ, and Tatneft, which is shown as one of Russia’s largest petro-chemical producers. President of the Republic of Tatarstan of the Russian Federation, Rustem Minnihanov, who visited GEBKİM on Wednesday, June 23, talked about the logistics location and opportunities of GEBKİM and promised to invest.

PRELIMINARY AGREEMENT SIGNED

Vefa İbrahim Araç, Chairman of the Board of Directors of Kocaeli-Gebze Chemistry Specialized OIZ (GEBKİM), and Nail Maganov, General Manager of Tatneft, came together on Thursday, June 24, under the chairmanship of Vice President Fuat Oktay and President of the Russian Federation Tatarstan Republic Rüstem Minnihanov, at GEBKİM. signed a preliminary agreement for the facility investment. Wishing that the agreement would be beneficial for all parties, GEBKİM OSB Chairman Vefa İbrahim Araci said, “Tatneft, with its deep-rooted history, weight and knowledge in the petrochemical industry, will add strength to the power of GEBKIM and the Turkish industry.”

“CHOOSING GEBKİM IS NOT A coincidence”

Speaking about the preliminary protocol agreement they signed with Tatneft, GEBKİM OIZ Chairman Vefa İbrahim Araci said, “As Turkey’s first and only chemistry specialized OIZ, we host strong chemical manufacturers in their field. Last year, GEBKİM companies realized exports worth 600 million dollars. GEBKİM gathers chemical manufacturers together to form an ecosystem that feeds on each other and eliminates the logistics problem. We will be an important production base for Tatneft with our location and our ecosystem that gathers chemical manufacturers in a single address.”