SOCAR Turkey, subsidiary of Azerbaijan’s state oil company SOCAR, has acquired 30 percent stake of Goldman Sachs in Petlim, a container terminal in the Aegean region, TurkicWorld reports with reference to Turkey’s Public Disclosure Platform.

Seventy percent of Petlim is owned by Petkim, a subsidiary of SOCAR Turkey.

SOCAR Turkey, one of the most deep-rooted global oil and natural gas companies, initiated its business operations in Turkey upon acquisition of 51 percent of the shares of Petkim from the Privatization Administration in 2008.

Drawing attention with its giant projects realized one after another which will have a total investment value of $19.5 billion once completed, SOCAR Turkey encompasses the best-in-breed companies such as Petkim, TANAP, STAR Refinery, SOCAR Terminal, Petkim RES (Wind Power Plant), Bursagaz, Kayserigaz, Enervis, SOCAR Enerji Ticaret, Millenicom, SOCAR Ticaret and SOCAR Depolama.