Iranian state-owned company to take part in privatisation of Turkish gas distribution company

Oil&Gas Materials 14 January 2013 13:40 (UTC +04:00)

Azerbaijan, Baku, Jan.14 / Trend, A.Taghiyeva /

Iran's state-owned gas company NIGC intends to take part in the privatisation of the Turkish state gas distribution company Başkentgaz in Ankara, Zaman newspaper reported.

It is reported that the final tender for the privatisation of Başkentgaz will be held on Jan.18, 2013.

The privatisation of the second largest gas distribution network in Turkey was postponed several times. The last time the tender was cancelled on Sept.12, 2012 due to the low prices offered for the company.

The company is put up for to 100 per cent privatisation. More than 700,000 shares for a total amount of $50 million have been put up for tender.

Earlier 90 per cent of the gas distribution network in Istanbul - İgdaş Doğal Gaz Dağıtım A.Ş was privatised in Turkey.