Middle East Economic Survey

VOL. LIV

No 1-2

3/10-Jan-2011

CASPIAN/TURKEY

Turkey Grants Gas Marketing License To Socar-Turcas

On 31 December 2010 Turkeys Energy Market Regulatory Authority granted a 30-year gas marketing license to the Azeri-Turkish joint petrochemical company Socar-Turcas. The firm is 75% owned by Azerbaijans state company Socar, which acquired the right last October to access directly Turkeys gas retail market for a period of up to five years. Socar President Rovnag...