• $
  • €
  • ₽
  • ₺
  • £
ALL NEWSPolitical NewsSocietyCultureBusinessSportWorldPhotoVideo
Categories Business

SOCAR plans to buy petrol stations in Turkey

SOCAR plans to buy petrol stations in Turkey
29.05.2020 07:50
SOCAR Turkiye Enerji (the Turkish subsidiary of State Oil Company of Azerbaijan, SOCAR) plans to acquire a company in Turkey with a network of 600-700 petrol (gasoline) stations, the head of the company, Zaur Gahramanov said, Interfax reports, citing Turkish media.

'The company plans to expand its operations in Turkey and in the fuel distribution sector. In November 2018, SOCAR Turkiye won the tender for the opening of 9 petrol stations at the new Istanbul airport, and recently agreed to acquire gas distribution companies of the German EWE A.G. in Turkey. At present, the company is eyeing the possibility of acquiring a company that owns at least 600-700 petrol stations,' Z.Gahramanov said in an interview with Turkish media.
The head of SOCAR Turkiye Enerji also reported that so far SOCAR's investments in the Turkish economy amounted to $14.2 billion. The company intends to invest another $5.3 billion in projects in Turkey over the next three years.

According to Z.Gahramanov, at present SOCAR Turkiye Enerji's market value is estimated at about $11 billion.

At present, SOCAR Turkiye Enerji is the owner of a controlling stake (51%) of the petrochemical complex of Turkey Petkim Petrokimya Holding. The company in Turkey also built the STAR oil refinery, a container terminal, a power plant, and is also engaged in natural gas supplies to the domestic market.

On January 30, 2019, SOCAR Turkiye Enerji announced the acquisition of EWE Turkey Holding and its affiliates EWE AG operations manager in Turkey: Bursagaz, Kayserigaz, Enervis, EWE Enerji and Millenicom.


www.anews.az
Telegram
Go
Similar news
Similar news
Chamber of Accounts Approves Opinions on 2027 State Budget and SSPF Drafts
Business 17:30
Chamber of Accounts Approves Opinions on 2027 State Budget and SSPF Drafts
Azerbaijan Natural Gas Consumption Drops 6.7% in Q3 — SOCAR
Business 17:00
Azerbaijan Natural Gas Consumption Drops 6.7% in Q3 — SOCAR
Natural Gas Futures Tick Up on NYMEX for December Delivery
Business 12:30
Natural Gas Futures Tick Up on NYMEX for December Delivery
PASHA Bank discusses financial inclusion and the future of microfinance at the 12th AMFA Conference
Business 11:56
PASHA Bank discusses financial inclusion and the future of microfinance at the 12th AMFA Conference
Crypto Market Rebounds as Bitcoin Crosses $78,500 Threshold
Business 11:00
Crypto Market Rebounds as Bitcoin Crosses $78,500 Threshold
Global Oil Benchmarks Drop Over 3% as Brent Falls Below $110
Business 10:30
Global Oil Benchmarks Drop Over 3% as Brent Falls Below $110
Gold and Silver Advance on COMEX in Latest Trading Session
Business 10:00
Gold and Silver Advance on COMEX in Latest Trading Session
Central Bank of Azerbaijan Announces Exchange Rates: Euro Eases, Ruble Gains
Business 09:30
Central Bank of Azerbaijan Announces Exchange Rates: Euro Eases, Ruble Gains
SOCAR Commissions Its 100th Petrol Station in Romania
Business 18:03
SOCAR Commissions Its 100th Petrol Station in Romania
Anews TV

Our official Youtube channel

Subscribe

Latest news

World 18:02
Georgia Aims to Deepen Economic and Humanitarian Ties with Russia
Business 17:30
Chamber of Accounts Approves Opinions on 2027 State Budget and SSPF Drafts
Society 17:00
Violations Uncovered in 24 Out of 80 Pharmacies Inspected in October — AEC
Business 17:00
Azerbaijan Natural Gas Consumption Drops 6.7% in Q3 — SOCAR
Society 16:30
October Temperatures in Azerbaijan Exceeded Climate Norm by 3°C — Weather Service
Society 15:00
Pashinyan: Opposing New Constitution Means Resisting Final Peace with Azerbaijan
World 14:34
Pashinyan: Opposing New Constitution Means Resisting Final Peace with Azerbaijan
Society 14:00
Over 4,800 Hectares Cleared of Mines in Liberated Territories in October — ANAMA
Society 13:30
Students Without Final Academic Evaluation Ineligible for School Diplomas — Deputy Minister
Culture 13:00
Detention Extended for Foreign Student Charged with Defacing Nizami Cinema Center
Business 12:30
Natural Gas Futures Tick Up on NYMEX for December Delivery
World 12:30
Tucker Carlson Claims US Could Strike Iran with Nuclear Weapons Under Israeli Pressure
World 12:00
Iranian Foreign Minister Abbas Araghchi Arrives in Ashgabat for Bilateral Talks
Business 11:56
PASHA Bank discusses financial inclusion and the future of microfinance at the 12th AMFA Conference
Society 11:30
Armed Border Trespasser Neutralized After Firing on Azerbaijani Border Guards
More news
"Freedom for Misha!" inscriptions appear in key Georgian cities
16:30

"Freedom for Misha!" inscriptions appear in key Georgian cities

 Photo
Aliyev, Erdogan and Pashinyan hold joint discussion in Prague
16:23

Aliyev, Erdogan and Pashinyan hold joint discussion in Prague

 Photo
To the loving memory of Azad Khalilov - PHOTOS
17:58

To the loving memory of Azad Khalilov - PHOTOS

 Photo
Turkish, Iraqi foreign ministries hold political consultations
17:27

Turkish, Iraqi foreign ministries hold political consultations

 Photo
"Freedom for Misha!" inscriptions appear in key Georgian cities
16:30

"Freedom for Misha!" inscriptions appear in key Georgian cities

 Photo
Aliyev, Erdogan and Pashinyan hold joint discussion in Prague
16:23

Aliyev, Erdogan and Pashinyan hold joint discussion in Prague

 Photo
Horrors in India's Dairy Industry
12:02

Horrors in India's Dairy Industry

 Video
Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO
17:30

Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO

 Video
Los Angeles Police deny Armenian lobby’s allegations - VİDEO
10:06

Los Angeles Police deny Armenian lobby’s allegations - VİDEO

 Video
Luis Suarez sends emotional message of support to cancer sufferer
12:31

Luis Suarez sends emotional message of support to cancer sufferer

 Video
Horrors in India's Dairy Industry
12:02

Horrors in India's Dairy Industry

 Video
Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO
17:30

Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO

 Video