Azerbaijan’s Socar Mulls Port Sale in Latest Turkey Deal

Azerbaijan’s state energy company Socar is considering a sale of its port unit in Turkey, the latest in a string of deals reshaping the firm’s business in a key market.

Socar Turkey Enerji AS has held early stage talks for a deal for Socar Terminal, which operates a container port and separate nearby facility that services Socar’s petrochemical subsidiary Petkim Petrokimya Holding AS, people with knowledge of the matter said, asking not to be identified as the talks are private.