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Tender on gas network privatisation postponed in Turkey

8 February 2012 13:24 (UTC+04:00)
Tender on gas network privatisation postponed in Turkey

The tender for sale of a 20-per cent share in Turkey's gas distribution network Baskent Dogal Gaz (Ankara), in which the State Oil Company of Azerbaijan, SOCAR, also participates, was postponed from April to May 17, Turkish state-run Resmi Gazete reported on Tuesday.

Earlier, the tender was postponed from January to April.

According to the report, any company that wins the tender should pay 50 per cent of its value up front, while the remaining 50 per cent can be paid within two years after signing the contract.

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