Azerbaijan’s state-run energy company Socar will become the largest single foreign investor in Turkey within six years, according to Kenan Yavuz, the chief executive Turkey Enerji A.Ş., the local subsidiary of the Baku-based company.
“If we look at the whole picture of investments currently being made by Socar in Turkey, it will reach $17 billion by 2018,” Yavuz said in an interview published on the website of Business New Europe yesterday. “At the end of the day, Socar and Azerbaijan will be the biggest single investor in Turkey.”
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