SOCAR studies the possibility of purchase of shares of Turkish OMV Petrol Ofisi A.S. company.
In early 2016 Austrian company announced its intention to sell the whole packet of shares of OMV Petrol Ofisi A.S. to optimize its own costs, because of low oil prices at the world markets.
“We are interested in such acquisition and study this issue. However, we are not going to close the deal at any cost,” SOCAR President Rovnag Abdullayev added.
Turkish media reported that in addition to SOCAR, companies from China and Japan are interested in purchasing shares of OMV Petrol Ofisi A.S.
Construction of a new oil refinery STAR by SOCAR in Izmir will be completed at the end of 2017. If SOCAR has its own oil refinery, it could have its own network of oil products sale.
* At present OMV Petrol Ofisi owns 1785 petrol stations, the mineral oil production plant and 3 liquefied petrol gas (LPG) terminals in Turkey. In 2010 Austrian OMV AG purchased 54% shares of OMV Petrol Ofisi company from Turkish Dogan Siketler Grupu for $1.3 billion and then increased its share up to 96%.—0—
Economics
-
Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
-
The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
-
BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
-
In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
Leave a review