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Turkish Cengiz and SOCAR Push to Buy Lukoil’s Burgas Refinery
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Turkish Cengiz and SOCAR push to buy Lukoil’s Burgas refinery
Turkey's Cengiz Holding, together with Azerbaijan's state oil company SOCAR, are not giving up on their plan to buy the famous Neftohim Burgas refinery, which is currently owned by Russia's Lukoil. The purchase, which is reported by Turkish and Russian media, is worth around $2.5 billion, which shows that it is a serious and strategic deal for both parties. The Turkish conglomerate, which is involved in construction, energy, mining and tourism, …
Turkish construction, energy, mining and tourism conglomerate Cengiz and SOCAR submitted their bid a little over a year ago.
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