Middle East Economic Survey

VOL. XLVII

No 22

31-May-2004

TURKEY

Turkish Court Suspends Privatization Of Tupras

A Turkish court in Ankara on 24 May suspended for 15 days the privatization of Tupras, the state-run oil refining company. Turkeys Higher Privatization Board approved last February the sale of 65.76% of Tupras to a consortium comprised of the German chemical company Efremov Kautschuk, an affiliate of the Russian oil company Tatneft, and Turkeys Zorlu Group last February (MEES, 16...