Goldman Sachs to purchase 30% of Turkish port "Petkim"

American Investment Bank Goldman Sachs purchases 30% of the total capital of Turkish port "Petkim".

Preliminary agreement has been signed with a Turkish branch of the State Oil Company of Azerbaijan Republic "Socar", and the total value of the transaction is USD 250 million, says AFP.

"Petkim" port is exploited by Turkish petrochemical giant "Petkim", "Socar" branch.

The sales agreement is a part of "Socar’s" project to transform "Petkim" into the biggest port in Aegean region.

State Oil Company of Azerbaijan Republic "Socar" will be the largest foreign investor in Turkey by 2018, with its tendency to invest USD 17 billion in this country.