Kibar Energy Starts Selling Natural Gas

Kibar Energy Distribution Industry Inc. was established as a subsidiary of Kibar Holding on 15/11/2011, with the aim to carry out import and wholesale of natural gas in the Turkish Energy Market. Within the context of the Batı Hattı contract take-over by the private sector, Kibar Energy has taken over the contract for purchasing and selling 1 billion m3 of natural gas per year, obtaining the right to import and wholesale Natural Gas, as of 1 January 2013. Kibar Energy aims to be one of the leading players in the Turkish Energy Market which has been liberalized with the increasing participation of the private sector.