3/26/2008

Court rejects another appeal against privatisation of Petkim

Today's Zaman - The Council of State rejected an appeal of the Nov. 22, 2007 Supreme Privatization Board (OYK) decision to sell petrochemicals producer Petkim to the SOCAR-Turcas-Injaz consortium. The Union of Petroleum, Chemicals and Rubber Workers (Petrol-Is) had appealed the sale of 51 state shares in Petkim to the SOCAR-Turcas-Injaz consortium. The Council of State rejection statement said there were no restrictions on companies in the winning consortium from participating in the privatization tenders.