In 2020 SOCAR Turkiye Enerji, daughter company of SOCAR, is going to do primary placement of shares (IPO), Zaur Gakhramanov, SOCAR Turkiye Enerji President, told journalists.
“There is a great interest in shares of SOCAR Turkiye Enerji at the market. This suits us, because in 2020 we would like to place IPO, SOCAR is going to preserve 51% of bloc of shares and the remaining 49% will be open for the market. Currently the investors have only 13% shares of SOCAR Turkiye Enerji,” Gakhramanov said.
SOCAR Turkiye Enerji holds bloc of shares of Petkim Petrokimya Holding complex, Star oil refinery, which is under construction, Petlim trade terminal, companies generating power SOCAR Power Enerji Yatirimlari A.S., companies selling gas SOCAR Gaz Ticareti A.S., company providing fiber-optical services SOCAR Fiber and company selling oil products SOCAR Turkey Petrol Enerji Dagitim A.S.
Until the end of this year SOCAR Turkiye Enerji plans to buy 7% bloc of shares of TANAP A.S. gas pipeline company.
By August 2015 capitalization of SOCAR Turkiye Enerji has been estimated by the Turkish financial specialists at $10 billion. After launching of all the facilities, in which SOCAR Turkiye Enerji has bloc of shares, the company’s capitalization will go up significantly. Thus, SOCAR Turkiye Enerji plans to put them to the market when it could derive more profit from them.—0-
Economics
-
Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
-
Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
-
Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
-
Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
Leave a review