Printer Friendly

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


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.

2015 ArmInfo News Agency. All rights reserved. Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2013 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:ArmInfo - Business Bulletin
Date:Jan 15, 2013
Previous Article:SOCAR's chances to buy DEPA's assets grow.
Next Article:Georgian FM, Latvian President Discuss Cooperation Issues.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters