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SOCAR has serious competitor in Turkey.

Baku. National Iranian Gas Company (NIGS) can buy Turkish gas distribution company Baskent Gaz, Reuters reported

quoting the sources close to the situation. Iran is the second after Russia natural gas supplier to Turkey. Purchase of Baskent will help to

strengthen trade relationships, despite the sanctions imposed by the West on Iran, because of development of its nuclear program.

The deadline of submission of applications for purchase of the Turkish company is January 18, 2013. The details are

unavailable.

SOCAR planned to buy the gas distribution station of the Turkish capital a year ago. SOCAR's representatives in Turkey

claimed that with their own gas deliveries to the Turkish market they will be able to manage the gas distribution company Baskent Gas

more efficiently.

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Publication:ArmInfo - Business Bulletin
Date:Jan 15, 2013
Words:137
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