VOL. XLV

No 2

14-January-2002

TURKEY

HSBC Expects Turkish ProductDemand To Rise In 2002

Turkeys demand for petroleumproducts is expected to resume growth during 2002 after declining in 2001 as a resultof the countrys financial crisis, according to a report on Tupras, thestate-owned crude refining company, published on 4 December by HSBC. Demand forproducts should resume in 2002 and if Turkeys full potential is to berealized, growth rates of 4% per annum should be achievable in the 2003-05period,...