Turkish oil refiner Tupras, owned by Koc Holding, posted an 87 per cent jump in fourth-quarter profit, helped by higher refining margins.
Net profit was 213 million lira ($84.7 million) in the last three months of the year, compar
Turkish refiner Tupras aims for all units in the $3 billion upgrade project at its Izmit refinery to be online at the start of next year, its general manager Yavuz Erkut said.
Tupras had said in its third-quart
Tupras, Turkey's sole oil refiner, will extend purchases of crude oil from Iran when the company's contract expires in August but won't increase imports, Energy Minister Taner Yildiz said.
Turkey is seeking to raise cr