Energy
Azerbaijan’s Socar in Talks to Sell Turkish Gas-Grid Business
- Distribution unit serves 1.3 million consumers in two cities
- Socar, biggest foreign investor in Turkey, focused on refining
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Azerbaijan’s state energy company Socar is in discussions to sell its natural gas distribution business in Turkey.
“We have recently begun talks for the sale of Socar Turkey Dogalgaz Yatirim AS,” owner of local gas-grid operators Bursagaz and Kayserigaz, a spokesperson for Socar told Bloomberg. They declined to provide further details, citing ongoing legal processes.