BAYEGAN and Tasnee partnership continues.

BAYEGAN attended the round table meeting conducted with the participation of Türkiye’s Minister of Treasury and Finance Mehmet Şimşek and representatives of the Saudi Ministry of Investment at the Türkiye-Saudi Arabia Investment Forum. Projects that will strengthen the relations between Türkiye and Saudi Arabia were evaluated at the round table meeting.

A signing ceremony was held to mark the extension of the long-standing partnership between BAYEGAN, Türkiye's leading company in the petrochemical industry, and Tasnee, Saudi Arabia's leading petrochemical manufacturer. BAYEGAN will continue to be the exclusive distributor of Tasnee in Türkiye.

Istanbul, 19 February 2024
Türkiye-Saudi Arabia bilateral trade volume reached $6.8 billion in 2023 as a result of the commercial and trade relations between the two countries gaining momentum again. Petrochemical raw materials have the highest share in this increasing trade volume between Türkiye and Saudi Arabia. During the Türkiye-Saudi Arabia Investment, Tourism and Business Forum, on 16 February 2024, BAYEGAN, Türkiye’s leading petrochemical company that engages in global procurement, marketing, sales and distribution of petrochemicals and the Saudi giant Tasnee signed a contract to extend their 10-year agreement for exclusive distributorship rights of Tasnee in Türkiye.

BAYEGAN CEO Burcu Olcay Üstüner, who spoke at the signing ceremony, underscored the mutual trust in their 10-year productive partnership with Tasnee and added: “As BAYEGAN, with our business partner Tasnee, we attended the round table meeting conducted with the participation of Türkiye’s Minister of Treasury and Finance, Mr. Mehmet Şimşek, and representatives of the Saudi Ministry of Investment. Projects that will strengthen the relations between Türkiye and Saudi Arabia were evaluated at the round table meeting. We are very pleased to continue and develop our lasting partnership with Tasnee in this process where mutual agreements are made between the two countries. These initiatives and developments create added value for our sector as they contribute to the growth of our country's regional and global influence.”