Our subsidiary Çan2 Termik A.Ş. is engaged in new initiatives in Venezuela in order to evaluate and develop global opportunities in both oil and natural gas fields in order to increase income diversity.
In that respect the works to be carried out within this framework, all application processes and transactions, together with the obtaining and promotion of investment agencies and permits in the country on behalf of Çan2 Termik A.Ş., were carried out through Odaş, and a protocol dated 01.12.2023 was signed between our Company and Çan2 Termik A.Ş. regarding the transfer of all activities, businesses or related shares related to the oil and natural gas sectors to Çan2 Termik A.Ş. within the following 60 days.
Further developments will be annunced with the public.
In contradiction between the Turkish and English versions of this document, the Turkish version shall prevail.
