Petkim Petrokimya Holding AS is negotiating with SOCAR Turkey Energy A.S. on acquisition of a stake in STAR Oil Refinery.
The company said Petkim intends to 12-14% stake of Rafineri Holding A.S. from SOCAR Turkey Energy. If the negotiations yield results, Petkim will have 7-9% stake in STAR oil refinery.
Note that Rafineri Holding A.S. which is 100% owned by SOCAR has 60% stake in STAR oil refinery. 40% of STAR oil refinery belongs to SOCAR.