Post by IntelliNews

Turkey arrests directors of fuel retailer TP after SOCAR complaint #bne #bneEditorsPicks #Turkey Turkish police have arrested directors of local fuel retailer Turkiye Petrolleri (TP Petrol) Dagitim over a complaint filed by STAR Refinery, according to local media reports. Turkey has two oil refiners. Tupras (TUPRS) has an annual production capacity of 30mn tonnes while the second largest refiner, STAR Refinery, launched in 2018 by SOCAR Turkey (a unit of Azerbaijan’s state-controlled SOCAR), has a capacity of 13mn tonnes/year.