Petkim intends to acquire shares of STAR Oil Refinery

Petkim intends to acquire shares of STAR Oil Refinery
# 13 December 2016 11:26 (UTC +04:00)

Petkim Petrokimya Holding AS is negotiating with SOCAR Turkey Energy A.S. on acquisition of a stake in STAR Oil Refinery.

 

The company said Petkim intends to 12-14% stake of Rafineri Holding A.S. from SOCAR Turkey Energy. If the negotiations yield results, Petkim will have 7-9% stake in STAR oil refinery.  

 

Note that Rafineri Holding A.S. which is 100% owned by SOCAR has 60% stake in STAR oil refinery. 40% of STAR oil refinery belongs to SOCAR.

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