Latest news: German Ewe sells Bursa and Kayseri gas companies to SOCAR



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Turkey, uses more than 50 billion cubic meters of natural gas per year. Investment continues to expand natural gas to all provinces and districts. This sector is experiencing a busy period.

German giant Ewe Turkey Ewe AG Holding under the roof, which Turkey joined in 2007, originated from the natural gas market.

group; Bursagaz sells four of its subsidiaries, namely Kayserigaz, EWE Enerji and Enervis, to SOCAR. This stated that the parties had signed 140 million dollars. Sales are expected to be officially announced in a few days.

EWE has 80 percent shares in Bursagaz and Kayserigaz. Çalık Enerji has a 10 percent stake in Bursagaz and Kayserigaz. The remaining 10 percent of the shares belong to the relevant city.

Trans-Anatolia Natural Gas Pipeline Project TANAP is the largest shareholder of SOCAR, has billions of dollars of investment in the energy sector in Turkey.

SOCAR, owner of PETKİM, recently opened the STAR Refinery in Izmir. Ewe purchased by SOCAR Energi with an annual supply volume of 2 billion cubic meters of natural gas in Turkey is managing the largest private wholesale portfolio. SOCAR is said to target growth in this area.

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