The US and multinational banking company will pay $250m. Petro­chemicals maker Petkim and Petlim are controlled by Azeri energy giant Socar.

Meanwhile, a preliminary financing agreement with Turkey’s Akbank for $211m to fund the port development project was also signed. “We’re very glad to realise the share transfer deal with a global giant such as Goldman Sachs and the project financing agreement with Akbank on the same day,” said Socar Turkey president Kenan Yavuz.

The