• $
  • £

SOCAR gets closer to buying filling stations in Turkey

SOCAR gets closer to buying filling stations in Turkey
28.05.2020 21:17
The second stage of the tender to buy Austrian oil company OMV's network of nearly 1,800 filling stations in Turkey ended, with the BP and the Turkey’s OPET company dropping out, Turkish media outlets reported Nov. 30.

OMV Petrol Ofisi AS, a subsidiary of OMV in Turkey, operates the network of filling stations.

Tender bids of the Azerbaijani state oil company SOCAR, the consortium of Saudi Aramco and Petromin Corporation, as well as the Vitol company participate still compete for the acquisition of the OMV’s assets.

Previously, SOCAR President Rovnag Abdullayev confirmed the oil company’s interest in buying assets of OMV in Turkey, saying it’s connected with the launch of Star oil refinery in Izmir city.

Earlier it was reported that the OMV was selling its Turkish subsidiary OMV Petrol Ofisi AS, since, as a part of its strategy, it intends to focus on mining companies and integrated activities on oil refining.

In this regard, OMV started selling up to 100 percent of share in OMV Petrol Ofisi AS, which owns one of the largest filling station networks in Turkey.

OMV Petrol Ofisi owns 1,785 filling stations in Turkey.

www.ann.az
Similar news
Similar news
Azerbaijan backs international convention on harmful ship coatings
Business 16:28
Azerbaijan backs international convention on harmful ship coatings
Azerbaijan’s parliament approves 2025 state budget execution bill in first reading
Business 16:00
Azerbaijan’s parliament approves 2025 state budget execution bill in first reading
Azerbaijani oil edges higher
Business 15:30
Azerbaijani oil edges higher
Azerbaijan’s central bank keeps official exchange rates unchanged
Business 15:00
Azerbaijan’s central bank keeps official exchange rates unchanged
NYMEX natural gas prices decline
Business 14:00
NYMEX natural gas prices decline
Bitcoin rises above $63,000
Business 13:30
Bitcoin rises above $63,000
Silver jumps nearly 5% in commodity markets
Business 12:30
Silver jumps nearly 5% in commodity markets
Brent crude falls below $90 a barrel
Business 12:00
Brent crude falls below $90 a barrel
Turkish Europower Enerji to build solar power plant in Azerbaijan
Business 11:00
Turkish Europower Enerji to build solar power plant in Azerbaijan
Anews TV

Our official Youtube channel

Subscribe