Middle East Economic Survey


No 6



Turkeys Appeals Court Blocks Sale Of Tupras To Koc Consortium

Turkeys highest court of appeals, the Council of State, on 2 February blocked the sale of 51% of shares held by the Turkish government in the Tupras refining company. The refinerys workers union, Petrol Is, appealed to the court to halt the sale on the grounds that it was illegal. It is the second time that the Council of State has blocked the privatization of Tupras. In...