SOCAR’s investment portfolio in Turkey reaches $18B - UPDATED

SOCAR’s investment portfolio in Turkey reaches $18B - <span style="color: red;">UPDATED
# 10 October 2016 13:54 (UTC +04:00)

According to him, SOCAR is proud of being biggest investor directly investing in Turkey: “These investments are related to our confidence in Turkey. Capacity of the terminal makes up 200,000 cubic meters. In the future, the capacity may be increased up to 700,000 cubic meters. Moreover, the terminal has a storage for 45,000 cubic meters of LPG. The terminal will used as a transportation point and depot for STAR refinery. This project is a part of planned logistics strategy”.

*** SAAT 15:14

Baku - APA-Economics. An agreement was reached on sale of Aliaga terminal of Petrol Ofis A.S. to an international investment group under SOCAR, said the statement by Austria’s OMV Group, shareholder of Petrol Ofisi A.S.

APA-Economics report the agreement will be formalized by the end of this year.