Tupras Attributes Lower 2Q12 Earnings Partly To Iran Sanctions
Turkey’s sole refiner Tupras has attributed a 47% drop in quarterly earnings in part to the decision by the Turkish government to comply with a US/EU boycott of Iranian oil supply (MEES, 9 April). In a filing to the Istanbul Stock Exchange on 28 August, Tupras reported that net income in 2Q12 was TL135.7mn ($75.4mn), compared with TL258.1mn in 2Q11. Turkey agreed in March to reduce...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!