Media outlets: SOCAR may acquire Austrian OMV’s aircraft refuelling business in Turkey

Photo: Media outlets: SOCAR may acquire Austrian OMV’s aircraft refuelling business in Turkey
 / Oil&Gas

Baku, Azerbaijan, Jan. 8

By Emil Ismailov - Trend:

The State Oil Company of Azerbaijan (SOCAR), which is the largest investor in Turkey, may acquire Austrian OMV's stake in Petrol Ofisi (POAŞ), which is a part of Dogan Holding, Turkish media outlets reported on Jan. 8.

Petrol Ofisi has an aircraft refuelling network.

Media outlets reported that the OMV plans to sell its stake in Petrol Ofisi and completely vacate the Turkish market. Currently OMV has a 95.75 percent stake in Petrol Ofisi.

On March 30, 2012, SOCAR Turkey Enerji A.Ş and SOCAR International DMCC OGG acquired a 10.32 percent stake in the Petkim petrochemical complex, increasing their stakes to 61.32 percent. Some 38.68 percent of the shares are on free circulation on the Istanbul Stock Exchange.

Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC and detergents, being the only Turkish producer of such products. The holding exports a quarter of its products.

SOCAR is also involved in the construction of a new oil refinery, container terminal and power plant near the town of Aliaga in Turkey's Izmir province.

SOCAR participates in the Trans-Anatolian Gas Pipeline project which aims to ensure the transportation of Azerbaijani gas through Turkey to the border with Europe. This will allow exports of gas to the European market.

Translated by E.A.

Edited by S.M.

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