25 October 2010 18:04 [Source: ICIS news]
PRAGUE (ICIS)--OMV is exploring the possibility of its newly acquired Turkish subsidiary, refined oil products marketing company Petrol Ofisi, making an investment in a refinery-cum-petrochemicals joint venture, the Austrian group said on Monday.
OMV is considering whether Petrol Ofisi should offer to buy a minority stake in the $4.9bn (€3.5bn) initiative, centred on a 15m tonne/year refinery in the port of Ceyhan in southern Turkey, it said.
The Ceyhan project's investors so far are
Ceyhan is the terminus for the new Baku-Tbilisi-Ceyhan (BTC) pipeline that delivers
Petrol Ofisi could also make investments in gas and power opportunities, OMV added.
($1 = €0.71)
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