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oda_MaterialEventDisclosureGeneralAbstract|
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Hayır (No)
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-
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Hayır (No)
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Our company and The State Oil Company of the Republic of Azerbaijan (SOCAR) has signed a Memorandum of Understanding to construct a new Production Facility with a daily capacity of 1,200 tons of ammonia and 2,000 tons of urea, and to work on a cooperation including the marketing of the products of the existing and new production facilities. In this context, a Working Group will be formed and efforts will be made to establish the final agreement in order to determine the details of the following issues; - Tekfen Contracting Group companies' possible participation in the construction of these units on EPC (engineering, procurement and construction-assembly) basis, - Evaluating the possibilities for our subsidiary Toros Tarım to conduct marketing, sales and distribution of the products manufactured in the new facilities by the usage of its extensive dealer network in the Turkish market and to develop value added new products as well as marketing of those in different regions of the world, - Toros Tarım's possible role in the marketing, sales and distribution of the products manufactured in the existing facilities until the new facility becomes operational, - SOCAR and Tekfen to establish a partnership in the new Production Facility. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.