World Tribune.com

Turkey weighs refinerey for imports from Iraq, Russia

SPECIAL TO WORLD TRIBUNE.COM
Friday, February 10, 2006

ANKARA — Turkey plans a feasiblity study for the construction of an oil refinery in line with its hopes of becoming a regional energy hub.

The state-owned Turkish Petroleum Refineries Corp., or Tupras, intends to study the feasibility of constructing a refinery in a project estimated at $400 million.

In a Feb. 6 announcement, Tupras said the study would be a key element in its 2006 budget, Middle East Newsline reported.

The proposed refinery would process oil imports from Turkey, particularly from neighboring Iraq. Turkey has sought to serve as a hub for both oil and natural gas.

Turkey receives oil from Iraq as well as Russia.


Copyright © 2006 East West Services, Inc.

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