SOCAR Turkiye Enerji (SOCAR’s Turkish daughter company) has obtained licenses from the General Directorate for Oil Affairs of the Turkish Ministry of Energy and Natural Resources to search for oil on the territory of Turkey, reads web site of Turkish Resmi Gezete newspaper.
The decision of the Directorate was published in the newspaper on August 16, 2015.
According to the decision, SOCAR Turkiye Enerji has obtained four licenses for five years for the exploration works to look for oil in the eastern provinces of Gaziantep, Diyarbakir, Adiyaman, Kakhramanmarashe, Batman and Musher.
The company must submit the investment program of operations on the licensed sections and the guarantee of 2% of cost of the program within 30 days to the Directorate.
SOCAR is the owner of the bloc of shares (57.92%) of the Turkish petrochemical complex Petkim Petrokimya Holding through its daughter company SOCAR Turkey Enerji. The company has been also building Star oil refinery and Petlim container terminal in Turkey and is also involved in gas supplies to the local market of the country.—0—
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