Turkey's BBDK grants license for Turkish-Azeri refiner

Turkey's energy market regulator, BBDK, has granted license for Socar-Turcas, a Turkish-Azeri joint venture, to operate a refinery on Turkey's western coast.

Turkey's BBDK grants license for Turkish-Azeri refiner

Turkey's energy market regulator, BBDK, has granted license for Socar-Turcas, a Turkish-Azeri joint venture, to operate a refinery on Turkey's western coast.

Socar-Turcas owned Petkim Petrochemical said in a regulatory filing on Tuesday that the Turkish-Azeri joint venture was cleared to construct a refinery in the western port of Aliaga.

Socar-Turcas was founded as a joint venture in 2006. The company won in 2007 a tender for the privatization of the state-owned Petkim Petrochemical and and paid 2 billion 40 million USD for 51 percent of the shares in Petkim.


AA

Last Mod: 08 Haziran 2010, 16:20
Add Comment