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SOCAR takes ownership of one of Turkey's largest container terminals

9 January 2019

The Azerbaijani State Oil Company - SOCAR, has bought Turkey's largest container terminal in the Aegean region from the Danish company AP Moller-Maersk. The transfer of ownership was made at the end of 2018.

The terminal, located in Aliaga, near the city of Izmir has an annual capacity of 1.3 million TEU (twenty-foot equivalent). The terminal will be known as Petlim Terminals.

A subsidiary of AP Moeller-Maersk, APM Terminals, will continue operating the terminal.

The terminal is the latest investment of SOCAR in Turkey where it also owns a petrochemical complex and an oil refinery among other assets.

Related content: SOCAR's Star Refinery in Izmir to become important money-earner for Azerbaijan

source: commonspace.eu 

photo: The Petlim Terminals at Aliago on Turkey's Aegean coast has recently been bought by the Azerbaijani Oil Company, SOCAR

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