Friday, March 28, 2008

51% stake in Petkim to Azeri consortium to be transferred by May 7

51% stake in Petkim (Turkey's largest petrochemicals producer) to Azeri consortium SOCAR-Turcas-Injaz is expected to be completed by May 7. Evaluation of the alternatives for payment is underway, with April 14 defined as the deadline on which a final decision on payment would be announced.
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