Saudi Aramco Could Acquire 49 Pct Stake in Turkish Fuel Distributor: Report - Turkish Minute
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Saudi Aramco could acquire 49 pct stake in Turkish fuel distributor: report - Turkish Minute
Saudi Aramco, the world’s largest oil exporter, could acquire a 49 percent stake in GüzelEnerji, a Turkish fuel distribution company owned by OYAK, the pension fund for members of the Turkish Armed Forces, the BirGün daily reported on Tuesday, citing sources familiar with the talks. The report said Saudi officials recently visited İstanbul for talks on a potential investment in GüzelEnerji, whose fuel distribution business includes the TotalEner…
Saudi Arabian officials have virtually descended upon Istanbul. Industry sources report that Saudi Aramco, the Saudi Arabian oil giant, may acquire a 49% stake in GüzelEnerji, which is part of the OYAK group.
Saudi Aramco, the world's largest oil exporter, has made a visit to Istanbul to discuss its planned investment in the fuel distribution sector in Turkey. Aramco, which is reported to have met with GüzelEnerji, a subsidiary of OYAK, is said to be interested in TotalEnergies, M Oil, and Türk Petrol, all of which operate under the GüzelEnerji umbrella.
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