SOCAR is set to expand its asset portfolio with the acquisition of the Gama Enerji İç Anadolu power plant in Turkey. The deal is valued at around $225 million, Azerbaijani Prime Minister Ali Asadov announced.
The Prime Minister stated that the final agreement is expected to be signed on December 23 during a joint Azerbaijan-Türkiye investment forum, granting SOCAR 100% ownership of the plant.
The announcement follows recent comments from Turkish Trade Minister Ömer Bolat, who noted that Azerbaijani investments in Türkiye have surpassed $21 billion, with bilateral trade reaching $8 billion last year.
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