The Azerbaijani State Oil Company - SOCAR, has bought Turkey's largest container terminal in the Aegean region from the Danish company AP Moller-Maersk. The transfer of ownership was made at the end of 2018.
The terminal, located in Aliaga, near the city of Izmir has an annual capacity of 1.3 million TEU (twenty-foot equivalent). The terminal will be known as Petlim Terminals.
A subsidiary of AP Moeller-Maersk, APM Terminals, will continue operating the terminal.
The terminal is the latest investment of SOCAR in Turkey where it also owns a petrochemical complex and an oil refinery among other assets.
photo: The Petlim Terminals at Aliago on Turkey's Aegean coast has recently been bought by the Azerbaijani Oil Company, SOCAR
Comedian-turned-president Volodymyr Zelensky uses his inauguration speech to announce a parliamentary snap election in Ukraine.
Pashinyan stressed that the process should be carried out in cooperation with international organisations and within the framework of international best practices and international commitments of Armenia.