Middle East Economic Survey
Turkey Receives Nine Bids For Tupras Refinery
Turkeys Privatization Authority on 2 September announced that it had received nine bids for 51% of state-owned refinery Tupras. The sale, which is set for open auction on 12 September, is likely to earn Turkey as much as $3bn. Bidders include four consortiums comprised of: Turkish retailer Petrol Ofisi and the Tupras Acquisition Consortium (TAC); Polands PKN Orlen and Turkeys Zorlu...