SOCAR closer to buying OMV Petrol Ofisi in Turkey

The second stage of the tender to buy Austrian oil company OMV's network of nearly 1,800 filling stations in Turkey ended, with the BP and the Turkey’s OPET company dropping out, Turkish media outlets reported on November 30.

OMV Petrol Ofisi AS, a subsidiary of OMV in Turkey, operates the network of filling stations.

Tender bids of the Azerbaijani state oil company SOCAR, the consortium of Saudi Aramco and Petromin Corporation, as well as the Vitol company participate still compete for the acquisition of the OMV’s assets.

Previously, SOCAR President Rovnag Abdullayev confirmed the oil company’s interest in buying assets of OMV in Turkey, saying it’s connected with the launch of Star oil refinery in Izmir city.

Earlier it was reported that the OMV was selling its Turkish subsidiary OMV Petrol Ofisi AS, since, as a part of its strategy, it intends to focus on mining companies and integrated activities on oil refining.

In this regard, OMV started selling up to 100 percent of share in OMV Petrol Ofisi AS, which owns one of the largest filling station networks in Turkey. OMV Petrol Ofisi owns 1,785 filling stations in Turkey.