SOCAR Turkey Energy, Turkish Gubretas to set up joint venture

Fri 01 Feb 2019 16:55 GMT | 20:55 Local Time

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SOCAR Turkey Energy, an affiliate of Azerbaijan`s state oil company in Turkey, and Turkish Gubretas have signed a letter of intent to create a joint venture engaged in the production and marketing of chemical fertilizers, AzerTag reports.

Both companies will have a 50 percent stake in the venture.

Gubretas specializes in the production and marketing of chemical fertilizers, including solid fertilizers, liquid fertilizers, powder-based fertilizers, and organic fertilizers. It also provides soil analysis services to farmers.

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