Business News

Turkish company "Yesenerji" interested in investing in B&H

Business News

03/12/2013

Long-term investment in energy projects in B&H is the vision of representatives of international Turkish company "Yesenerji" which was hosted on 12th March in the headquarters of the Federation of B&H (FB&H) in Sarajevo by the FB&H Prime Minister Nermin Niksic.  

The Director of the company Melih Tarioglu informed Federal Prime Minister about their intentions to engage in investment projects and on information gathered on possible investments.

A special focus is placed by the Turkish company on oil terminals FB&H in Ploce, with whose management they previously met. On this occasion they were familiarized with the current situation in this company, and the steps being taken to overcome the problems occurred after the termination of business relations with "Deltagrip."

Tarioglu pointed out that the interest of the company goes even further, and it is building a small refinery in B&H that would be integrated with the Terminal and, as he said, offered a product that would be cheaper than others at the market.

He particularly emphasized that after the stay in B&H and getting acquainted with the situation on the ground, his company will send binding letter of intent to express the most serious interest in investing in these projects.

"Oil Terminals of the Federation in Ploce further gain in importance by Croatian accession to the European Union (EU) and become more interesting to every investor. Naturally, every investment is welcome, but this is a very complex matter, especially the story about the refinery, and this requires serious study," said the prime minister Niksic, pointing out that the letter of intent must specify framework for the construction of the refinery, the vision, the location, the issue of zoning, spatial, environmental approvals and other parameters.

The Director of the Turkish company has expressed interest in investing in renewable energy, particularly solar.