Azerbaijan’s state company which has the majority stake at Turkey’s Petkim refinery, will bid to purchase another 10 percent of state shares in the coming days to fully control Turkey’s largest oil facility, the Azerbaijani ambassador to Turkey said.
“The total investment Azeri companies have made in Turkey has already exceeded $10 billion. Socar is also interested in bidding for natural gas distribution tenders in Ankara and Istanbul, as well as in establishing oil stations in the entire country,” Ambassador Faik Bagirov said in an interview with the Hürriyet Daily News.
Turkey has announced the deadline as March 20 for final bids to buy state’s 10.3 percent stake in local chemicals producers Petkim Petrokimya Holding, whose 51 percent has already been privatized to the Azerbaijan’s Socar state company.
According to the tender specifications, bids will be received by closed envelope, and bidders will be required to provide a $3 million temporary down payment.
