State Oil Company of Azerbaijan (SOCAR) and Russian oil company Lukoil are considering the possibility of joint acquisition of new assets in the Turkish fuel market.
Lukoil’s senior Vice President for sales and supplies, Vadim Vorobiev said that Turkish retail fuel market remains attractive for the company, which actively promotes its interests in this sector of the Turkish economy. He added that Lukoil has already allocated up to one billion dollars for this purpose, adding that Turkey’s petroleum products market is of strategic importance to the company.
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