Turkey's Denizbank in talks with SOCAR over $1.7 bln loan deal
21/03/2014 12:46
BURSA, March 21 (Reuters) - Turkish lender Denizbank is in talks with Azeri state oil company SOCAR over a $1.7 billion loan package for investments excluding TANAP pipeline project, Denizbank Chief Executive Officer Hakan Ates said on Friday. SOCAR owns Turkish petrochemical company Petkim PETKM.IS , and is building the $5.5 billion Star refinery in partnership with Turcas Petrol TRCAS.IS to supply feedstock to Petkim and cut Turkey's dependence on imported refined products. (Reporting by Evrim Ergin; Writing by Ece Toksabay; Editing by Dasha Afanasieva) ((ece.toksabay@thomsonreuters.com)(+90 212 3507052)(Reuters Messaging: ece.toksabay.reuters.com@reuters.net)) Keywords: TURKEY SOCAR
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