Turkey’s military pension fund OYAK is discussing a strategic partnership with a major international energy company for its fuel distributor Güzel Enerji, Reuters reported. General Manager Murat Yalçıntaş said the outcome should become clearer by early 2027 but did not identify the prospective partner. [1]
OYAK had previously disclosed talks with Saudi Aramco about a possible stake in Güzel Enerji. The earlier disclosure does not establish that Aramco is the unnamed company in the current negotiations or that a transaction has been agreed. [1]
Yalçıntaş said OYAK also wants to expand from fuel distribution into energy production and refining, including potential new projects or acquisitions in Turkey and abroad. These are investment options under consideration, not completed projects. [1]