Azerbaijan's state energy company Socar, the largest investor in Turkey, is considering plans to set foot in Turkey's fuel market, Turkish media said.

Socar is mulling a plan to buy the whole stakes of Austria's OMV Petrol Ofisi (POAŞ) - Turkey's leading fuel products distribution and Lubricants Company. 

The reports also said the Austrian company has decided to sell its stake in Petrol Ofisi and leave the Turkish market forever. 

OMV bought 54.17% shares of Petrol Ofisi from Dogan Holding in 2010 having paid 1 billion euros. It then increased its stake in the company to 97 percent. Currently, OMV is operating 61 companies and 12 526 petrol stations in Turkey.

ANN.Az