Middle East Economic Survey


No 52



Tupras Renews Crude Purchase Agreement With Iran

Turkish refinery company Tupras has renewed its crude oil purchase agreement with Iran for 2012, Reuters reported on 21 December. Tupras is expected to buy more than 8mn tons of Iranian crude through a contract that is generally renewed annually, the agency reported, adding that Tupras is expected to refine a total of 21mn tons of crude oil in 2012. The refiner has a total capacity...