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SOCAR still interested in buying filling stations in Turkey (UPDATE)

Economy Materials 2 April 2016 14:19 (UTC +04:00)
Azerbaijan’s state oil company SOCAR is interested in acquiring filling station assets of the Austrian oil group OMV in Turkey

Details added (first version posted on 12:21)

Baku, Azerbaijan, Apr. 2

By Maksim Tsurkov - Trend:

Azerbaijan's state oil company SOCAR is interested in acquiring filling station assets of the Austrian oil group OMV in Turkey, said SOCAR President Rovnag Abdullayev.

He made the remarks Apr. 2 answering to a question of a Trend correspondent.

He said that this issue depends on conditions of the offer by the OMV.

"The OMV oil group has announced about the sale of its filling stations assets in Turkey and we are interested in that," Abdullayev said. "However, everything depends on the fact how favorable the conditions of this deal will be. Our experts are working on this issue."

The OMV previously stated that it sells its Turkish subsidiary OMV Petrol Ofisi A.S., since it intends to focus on production enterprises, as well as integrated activity on oil refining within the framework of its strategy.

In this regard, OMV starts the process of selling up to 100 percent in the OMV Petrol Ofisi A.S., which owns one of Turkey's largest filling station networks.

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