Turkish Privatization Agency has put to auction 100% share of Baskent Gaz distribution company.
The deadline for submission of application expires on December 17, 2012. The auction for sale 80% shares of the company for $626 million was cancelled in April 2012, because all four pretenders dropped out of the contest. The pretenders included Akfen Holding, Aygaz and Fernas consortium, STFA Yatirim Holding and the consortium of Kolin and Cengiz Limak companies.
Baskent Gas numbers 1.35 million clients and in the future the company could have 500,000 more consumers.
At the end of December 2011 SOCAR decided to take part at the privatization of Baskent Gas distribution company. Later SOCAR administration reported that since 2011 Turkish agencies granted it a license for sale of natural gas at the local market of the country. For this reason SOCAR takes this tender seriously.
According to the terms and conditions of the tender, the winner will have to pay 50% cost of the tender and the remaining 50% 2 years after concluding the contract.-0-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review