Bloomberg News

Azeri Energy Producer to Bid for Istanbul Gas Distributor

February 13, 2012

Feb. 13 (Bloomberg) -- State Oil Co. of Azerbaijan will bid for Igdas Istanbul Gaz Dagitim Sanayi ?? Ticaret AS, Istanbul’s gas distribution company, company President Rovnaq Abdullayev said in an interview on ANS television late yesterday.

Abdullayev said his company, known as Socar, is interested in distributing the natural gas it sells to Turkey. Turkey gets about 6 billion cubic meters of gas from Azerbaijan a year. That may double when output begins at the second phase of the BP Plc- led Shah Deniz development, also including Socar, in 2017.

--Editor: Tony Barrett, Torrey Clark

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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