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Serbia’s NIS acquires 121 Kazakhstan to transport another companies as of end-2022, Turkish state-
run news service Anadolu Agency has
new wagons to transport oil 20,000 tonnes of crude to reported.
The fund purchased shares in 38
derivatives Germany in March via Russia’s companies of varying sizes operating in
different fields.
Serbian oil company NIS announced on Druzhba pipeline Enerji Uretim, Enerjisa, steelmaker
March 2 that it acquired 121 new tank cars Erdemir, Galata Wind Enerji and Türkiye
last year to transport oil derivatives from Kazakhstan’s national oil transport operator, Petrol Rafinerileri (Tupras) were among
the Pancevo oil refinery to the company’s KazTransOil, has announced plans to the companies the wealth fund invested in,
warehouses throughout Serbia. transport another 20,000 tonnes of crude oil according to Anadolu.
The new tank wagons meet the highest to Germany through the Russian Druzhba The value of the shares held by the
technological and safety standards for the pipeline in March. fund in the five energy companies was
transportation of derivatives, ensuring the This follows the successful transportation approximately $161mn.
maximum utilisation of filling in relation of an initial 20,000 tonnes of oil to Germany Oil refiner Tupras attracted the
to the existing limitations of the railway via the pipeline in February. KazTransOil largest share of Norwegian Wealth Fund
infrastructure. said it believed that it could technically investments made in Turkish stocks.
The purchase of new tank wagons will transport up to 300,000 tonnes of Kazakh The fund, which owns 1.55% of Tupraş,
also ensure the preservation of the quality oil to Germany in the first quarter, subject has invested $121mn in the company.
of derivatives during their transportation. to requests from oil companies. The fund also purchased $90mn in shares
“The new tank wagons will be able to The statement released by the company of glassmaker Sisecam, $79.5mn in discount
load up to 15 tonnes more derivatives said that it planned to transport the crude retailer BIM, $78.8mn in Koc Holding—
compared to the existing fleet. In this way, through the Transneft pipeline system in Turkey’s largest industrial conglomerate—
the utilisation of one means of transport has the direction of the Adamowo-Zastawa $71.5mn in Turkish Airlines and $64mn in
increased up to 23%,” NIS’s official Nenad delivery point in Poland for onward transit farm machinery maker Turk Traktor.
Milovanovic said. to Germany. The fund owns 3.38% of Turk Traktor
Moreover, the new tank wagons can and 2.98% of health firm MLP.
operate across Europe, as they are built in Norwegian Wealth Fund has been
line with the relevant regulations in the Norway’s wealth fund invests investing in Turkish companies since
field of rail transport and the transport of 2001. ™
dangerous goods. $1.2bn in Turkish stocks
Norway’s sovereign wealth fund had
invested $1.2bn in the stocks of Turkish

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