Gazprombank unit Prima Energy Trading plans to acquire 26 percent of Avrasya Gaz, a Turkish wholesale gas trader, according to Turkey's antitrust watchdog and the owner of the holding Ozcan Tahincioglu.
Prima Energy on Dec. 8 applied for approval to acquire the stake from Tahincioglu, the regulator said on its web site. He declined to comment on the value of the deal or the timing of the proposed transaction.
Turkey's state pipeline operator Botas Boru Hatlari ile Petrol Tasima awarded Avrasya Gaz a contract to import 500 million cubic meters of gas a year from Gazprom from April 2009 to 2022 to sell in Turkey, according to its web site.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
