The Turkish State oil refinery, Tupras, aims to process 11.5 percent more crude oil and meet more than 80 percent of the domestic oil demand in 2001, Turkish Daily News reported.
Tupras General Manager Husamettin Danis said in a statement that Tupras estimates Turkey's demand for oil products to increase 6.6 percent on the year to 31.3 million tons, noting that the company would import $3.7 billion worth of crude oil and buy another $344 million worth of crude oil from the domestic market in 2001, said the paper.
Tupras, however, targets to increase its refined output by 11.5 percent as compared to 2000 to 22.3 million tons, he said.
Tupras, which plans to spend a sum of TL 113 trillion ($167.5m) on investments this year, versus TL 77 trillion in 2000, is planning to market $10 billion worth of oil this year, 25.1 million tons of which will be sold in the domestic market and 1.1 million tons exported, it added.
According to the company, it obtained TL 231.6 trillion in pretax profit over the third quarter of 2000 -- Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)
