Socar Turkey Buys Additional 10% In Petkim
Socar Turkey, a subsidiary of Azerbaijan’s state-owned oil and gas company Socar, has purchased the remaining 10.32% shareholding in Petkim Petrokimya Holding that was held by the Turkish government, Today’s Zaman reported on 9 May. Socar paid $168.5mn for the stake, boosting its share in Petkim to 61.32%. Socar and Turcas Rafineri AS, an Azerbaijani-Turkish joint venture, was awarded 51% of...
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