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19.10.2016 12:15

SOCAR to participate in tender to buy filling stations in Turkey

Azerbaijani state oil company SOCAR will participate in a tender to buy Austrian oil company OMV's network of nearly 1,800 filling stations in Turkey, Reuters reported Oct. 18 with reference to Vagif Aliyev, the head of SOCAR's investment department.

OMV said in February it was putting Turkish fuel products distribution and lubricants subsidiary OMV Petrol Ofisi up for sale as part of its strategy to dispose of non-core assets, Trend reports.

SOCAR has submitted an application to participate in a tender for buying the network of filling stations from OMV, Aliyev said.

Previously, SOCAR President Rovnag Abdullayev confirmed the oil companys interest in buying assets of OMV in Turkey, saying its connected with the launch of Star oil refinery in Izmir city.

Earlier it was reported that the Austrian company OMV was selling its Turkish subsidiary OMV Petrol Ofisi AS, since, as a part of its strategy, it intends to focus on mining companies and integrated activities on oil refining.

In this regard, OMV started selling up to 100 percent of share in OMV Petrol Ofisi AS, which owns one of the largest filling station networks in Turkey.

OMV Petrol Ofisi owns 1,785 filling stations in Turkey.

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