SOCAR discloses amount of investments made in two cities of Türkiye

SOCAR Türkiye, a subsidiary of the State Oil Company of Azerbaijan (SOCAR) in Türkiye, invested $170 million in the gasification of the cities of Kayseri and Bursa in 2019-2023, said Fuad Ibrahimov, head of the Natural Gas Business Department of SOCAR Türkiye, Report informs, citing the Turkish press.

According to him, these investments were made in the activities of Kayserigaz and Bursagaz companies.

He noted that the total number of Bursagaz and Kayserigaz subscribers reached 1.9 million in 4 years: "1.2 million of these subscribers fell to Bursagaz, which makes the company the 4th largest gas distribution company by the number of subscribers. The length of the company's gas network in 11 districts of Bursa city has reached 7,561 kilometers."

Ibrahimov also said that the total number of subscribers to Kayserigaz has reached 700,000: "The total length of the gas network in Kayseri is 6,675 kilometers. With our new investments, the number of subscribers will increase."

Noting that Bursa and Kayseri are two of the most famous cities in Türkiye, Ibrahimov said that SOCAR is intensively continuing network investments in this direction and increasing the number of subscribers day by day: "We believe that Bursagaz and Kayserigaz together will increase the length of the gas network to 14,770 kilometers by the end of 2024."