SOCAR eyes purchase of OMV assets in Turkey
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By Nigar Abbasova
Azerbaijan’s oil giant SOCAR will examine the issue of purchasing Turkey-based filling station network from Austria's OMV.
Zaur Gahramanov, General Manager of SOCAR Turkey Enerji Company talking to reporters mentioned that SOCAR displays a special interest in the assets of the company.
“OMV has not yet provided any information about the state of the assets to the market. The information was expected to be provided in June, but then the issue was delayed till September. We will thoroughly consider the issue as soon as the information is provided as we have a huge deal of interest in these assets. We are interested in the creation of distribution network pegged to the Star Petroleum refinery,” he said.
SOCAR president Rovnag Abdullayev previously confirmed the company’s interest in the purchase of the filling station assets of Austrian OMV in Turkey.
OMV previously spread the information about the intention to put up its OMV Petrol Ofisi A.S. subsidiary in Turkey for sale.
OMV sequentially sells its filling station networks located in different countries. Within the scope of its strategy the company is intended to be focused on the extractive enterprises as well as on the oil processing activities. In this regard OMV has launched the selling process of 100 percent of OMV Petrol Ofisi A.S which possesses one of the largest refueling station networks in Turkey. The company operates 1,785 refueling station throughout Turkey and owns the country’s largest fuel storage and logistics business.
In 2015 the volume of fuel sale amounted to 10 million tons.
With its headquarters in Vienna OMV is one of Austria’s largest industrial companies. The company is engaged in the upstream business which includes exploration and production as well as downstream which concerns refining, marketing as well as gas and power.
SOCAR is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, as well as oil and chemical products in domestic and international markets, and supplying natural gas to the industry and the public in Azerbaijan.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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