VOL. XLV

No 29

22-July-2002

TURKEY

Tupras Obtains Loans ForDesulphurization Unit At Izmir Refinery

The Turkish refiningcompany Tupras has signed loan agreements with South Korea worth $67.4mn tofinance the construction of a diesel desulphurization unit at its Izmirrefinery. A loan for $58.1mn will be supplied by Export Import Bank of Korea,while the balance of $9.3mn will come from the bank痴 Londonbranch, Kexim Bank UK Limited. Last January Tupras announced that it had awarded a $96mn contract...