VOL. XLVI

No 36

08-September-2003

TURKEY

Privatization Administration Invites New Bids For Petkim

Turkeys Privatization Administration (PA) has invited new bids for the states 88.86% stake in the Petkim petrochemical company. According to a report in IBS Energy Line, the PA has set a new deadline of 18 November. A previous tender had been awarded to Standard Kimya, which is owned by the Uzan family, but the PA canceled it when Standard Kimya failed to make a down payment on the $605mn sale by the...