Posted by meb at July 5th, 2008

The city of İzmit, 110 kilometers southeast of Istanbul, will hold an auction for its natural-gas distribution network on Aug. 14, a month later than originally planned.

Potential buyers must reveal technical details on bids for İzmit Dogalgaz Dağıtım, or İZGAZ, by Aug. 7 and make initial offers by the day of the auction, the municipality said in an advertisement published in Turkish newspapers Friday.

İzgaz had originally set a bid deadline of July 17. (more…)