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
-
In 2024, Azerbaijan’s wheat production reached 1,685.7 thousand tons, reflecting a sharp decline of 148.2 thousand tons compared to the previous year, according to the State Statistical Committee. Wheat productivity also fell by 8.5%, dropping from 33.8 quintals per hectare in 2023 to 30.9 quintals in 2024. These figures underscore a troubling trend for a nation that meets only 25% of its domestic wheat needs through local production.
-
Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
-
Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
-
On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
Leave a review